XRP price is trading above strong high-timeframe support, aligned with the 0.618 Fibonacci retracement and the 50-day moving average. This confluence reinforces its bullish market structure and continuation potential.
Summary
- XRP trades above high time frame support at the 0.618 Fibonacci and 50-day moving average.
- Higher lows and higher highs signal bullish continuation potential.
- Bullish volume inflows are essential for sustaining a move toward a new all-time high.
Ripple (XRP)’s recent price action has highlighted a significant confluence zone that is currently acting as support. This level combines high-timeframe support, Fibonacci retracement, and a dynamic moving average structure, all of which are critical for sustaining a bullish trend. With these elements aligned, XRP’s market structure remains intact, and the setup suggests room for continuation higher.
Key XRP price technical points
- High Time Frame Support: Confluent with the 0.618 Fibonacci and the 50-day moving average, providing a solid structural base.
- Bullish Market Structure: Higher highs and higher lows continue to dominate, reinforcing the case for continuation.
- Volume Profile Critical: Sustained bullish inflows are required to validate momentum toward a potential new all-time high.
XRP’s current technical setup is strongly bullish, with price maintaining levels above high-timeframe support. The 0.618 Fibonacci retracement has proven to be a key reversal zone in previous cycles, and when paired with the 50-day moving average, it provides a reinforced support cluster. Such confluences are significant because they often act as springboards for the next leg higher in strong trending markets.
From a structural perspective, XRP is continuing to print higher lows and higher highs, a
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Author: Aziz Zamani