XRP price is showing signs of bullish continuation, with confluence support pointing towards a potential rally to $3, as predicted by crypto analyst The Alchemist Trader.
The analysis indicates a major resistance at $3 for XRP, with technical indicators suggesting a positive outlook within a long-term up-channel.
Key elements supporting XRP's current setup include a retest of the rising channel's lower boundary, holding above 0.618 retracement level, and reclaiming the 200-day moving average.
Another analyst, CasiTrades, suggests that momentum is building for XRP as it approaches key Fibonacci levels, with potential support around $2.078 to $2.00 before aiming for higher targets like $2.25 and $2.68.