XRP Poised for 15% Upside Following Key Support Hold
Attention traders and crypto enthusiasts:
XRP has held firm above the crucial $2 support level after rebounding from a swing failure at $1.60, setting the stage for a potential 15% move toward $2.30. This target aligns with the top of a long-standing descending channel and the 0.618 Fibonacci retracement level.
Key Takeaways:
XRP is showing bullish momentum above $2 support.
Potential upside to $2.30 if momentum continues.
Low volume remains a concern — a surge in volume is needed to confirm the breakout.
Price remains within a broader descending channel; a confirmed breakout has yet to occur.
Until volume picks up, XRP is likely to continue ranging between support and resistance. Traders should watch for signs of increased participation as a signal of further upside.
Keep an eye out for more updates as the setup unfolds!