🚀 #xrp Entering a Critical Stage

XRP has entered a key consolidation phase after breaking through a long-term descending wedge.

In mid-July, it surged to $3.60, and is currently fluctuating between $2.90–$3.30.

The market may first pull back to the Fibonacci support levels before having a chance to welcome a new round of increases 📈. Caution is needed in the short term, but the long-term outlook remains bullish ✨.

🔑 Key Fibonacci Support Levels

$2.95–$3.00 (0.382): The first strong support, determining recent trends

$2.70 (0.5) & $2.46–$2.50 (0.618): A broader accumulation area, ideal entry point for bulls 💰

$2.07 (0.786): If it breaks below, it sends a down signal for long-term holdings ⚠️

📊 Technical Indicator Observations

RSI 43.22: Slightly bearish, but not oversold, the market still has upward potential

MACD histogram shows weakening downward pressure; if buying increases, prices may reverse 🔄

Volume 5.26 million, significantly below peak, indicating lack of market confidence

💡 Possible XRP Trends

If it breaks through the $3.20 resistance, it may surge towards $3.40–$3.60

If it is blocked and falls below the $2.90 support, it may retract or extend to $2.70

If the pullback holds, XRP is expected to regain bullish momentum, targeting $4.67 🚀