XRP Eyes $4.80 Breakout After Strong Rebound 📈
Ripple (XRP) has bounced back swiftly from $2.64, showing strong buy pressure on the dip. Currently pricing at $2.9, and daily volume is back over billions, indicating a stronger momentum in the market. Now, traders focus on whether this is a definitive recovery and the token retains its support above key moving averages, indicating continued strength. 🔥📊
Analysts pointed out that the $2.64 mark worked nicely as a floor, preventing a deeper pullback in case of a significant negative market shakeup. If the bulls maintain control of this new push, if XRP test $3.60 as a possible weekly resistance level, and take off higher. There is a possibility that we could see a confirmed breakout above this zone, leading to more aggressive momentum back toward the long awaited $4.80 profit-taking zone. 💹🚀
Market conditions remain solid for XRP, as liquidity continues to rise, while long-term holders quietly accumulate back in, encouraged by the market. However, If XRP isn't able to maintain its momentum from this support, then there is a chance the support at $3.00 is tested again. At this time, despite that possibility of testing support again, the bullish structure remains intact and the pivotal breakout up to the $4.80 profit-taking is next on the radar. 📈💎
