đš XRP Momentum Builds $4 Target Approaching Fast!
đ Is XRP entering the final stretch toward $4?
XRP has been making waves in the market recently with impressive gains. Technical indicators still show strong bullish momentum, though a short-term pause or correction isnât off the table. Letâs break it down:
đ RSI â Momentum Cooling Slightly
The Relative Strength Index is at 83.78, placing XRP in overbought territory. While this doesnât confirm a reversal, it does suggest the pace may slow down briefly or move sideways.
đ MACD â Bullish Strength Remains
MACD Line: 0.29776
Signal Line: 0.19645
The MACD histogram continues to show positive momentum. No bearish signals yet, reinforcing the bullish trend.
đ Moving Averages â Trend Supportive
XRP is comfortably trading above key moving averages (9 EMA, 20 SMA, 50 SMA), all trending upward. The 200-day SMA remains well below current price levels a strong signal for long-term strength.
đĄ Key Support Levels
In case of a pullback, keep an eye on these levels:
$3.24 â Immediate support
$2.88 â Previous resistance turned support
$2.49 â Strong base zone
These points could help stabilize any dip and support a renewed rally.
đ Fibonacci Watch â $3.12 in Focus
Analyst insights suggest $3.12 (Fibonacci 0.888 level) could be a healthy short-term retest zone. Holding above $3.40 would strengthen the bullish setup even further.
đŻ Price Objectives
Short-Term: $3.75
Medium-Term: $4.00
A break above could lead to the next zone between $4.45â$4.60.
â Summary
$XRP remains in a strong uptrend. While a brief cooldown could occur due to high RSI levels, the technical outlook remains positive. Any minor pullback may present a solid opportunity for accumulation as XRP eyes higher levels in the coming sessions.