Shocking! Is XRP about to experience a price explosion? Key support emerges, bullish signals appear!

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Support rebound shows initial signs of dawn

XRP has made a mild reaction to the support area of $2.24 to $2.21, currently showing higher highs and higher lows, indicating some bullish intent. However, market momentum has not yet shown a clear impulsive rise.

Target price: $2.59 becomes an important milestone

According to Fibonacci target predictions, the current price may head towards $2.59. This price level is seen as an ideal target for this round of fluctuations and paves the way for a larger structural breakout. If the target is reached, subsequent wave patterns may further evolve.

Triangle formation and key resistance

Price movements may form a triangular structure, needing to break through the highs of $2.38 to $2.39 to confirm the bullish trend. If it fails to break through, this formation may evolve into a more complex corrective pattern, such as the B wave in wave structures.

Focus on key levels: Support and invalidation points

Key support: $2.24, followed by $1.94.

Risk point: Falling below these levels may trigger further pullbacks, targeting a drop to $1.80 to $1.39.

Long-term outlook: Are higher points still ahead?

Despite short-term fluctuations having uncertainties, the long-term trend still points to higher targets, with the next key point likely being $3.25 to $3.30, close to historical highs.

XRP is brewing a key breakout, market participants need to closely watch the above support and resistance levels to be prepared for potential rises!

Click the avatar to watch live and catch the bull market!