XRP Bounce Incoming? Analyst Targets $3–$3.15 After Support Holds
A cryptocurrency analyst has explained how XRP could see a bounce to $3 or even $3.15 based on this technical support level holding. XRP Has Found Support At The Lower Level Of A Parallel Channel In a new post on X, analyst Ali Martinez has talked about where XRP could be heading next based on a technical analysis (TA) pattern forming in its 4-hour price chart. The pattern in question is a Parallel Channel, which forms whenever an asset observes consolidation between two parallel trendlines. The upper level of the pattern provides resistance, while the lower one supports. Related Reading:....
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XRP has just dropped below $3, but the market may not be as bearish as it looks. The price fell into the 0.382 Fibonacci retracement level at $2.96, a significant support zone. The wick to $2.94, which matched the 0.618 subwave target, quickly reversed and reclaimed $2.96. This fast recovery is classic behavior often seen when a market finds its bottom. According to market analyst Casi Trades, the current setup could open the door for XRP to stabilize and possibly aim for higher targets, with levels like $4.80 already on the radar. XRP Holds Strong At $2.96 Support XRP’s latest price....
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