Is XRP About to Break the Internet? Find Out Why $2.9 is the New $2!

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So, XRP has been flexing its muscles lately, and guess what? It didn’t even flinch when the weekend drama unfolded. Nope, it held strong at $2 like a toddler refusing to share their candy. This is a clear sign that the bulls are in charge, and they’re ready to party! 🎉 As XRP continues to consolidate, it’s forming a bullish channel structure that’s practically begging for a breakout. New monthly peaks? Oh, honey, they’re coming!

XRP Price Holds Channel Structure

Our favorite crypto analyst, VIPROSE (seriously, can we get a reality show?), has pointed out a fascinating structure on the XRP price chart. It’s like a soap opera, but with more numbers and fewer dramatic pauses. The altcoin is cruising inside a rising channel that formed during the market’s dramatic decline. And guess what? It’s holding onto that midline support at the 0.618 Fibonacci level like it’s a life raft in a sea of uncertainty. Talk about bullish vibes! 🚀

Why is this level so important, you ask? Well, the 0.618 Fibonacci level has been a magical launchpad for XRP in the past. It’s like the trampoline of crypto—bounce here, and you’re off to the moon! 🌕 As long as XRP keeps its grip on this level, we’re looking at a potential bounce-off point for a glorious price recovery.

Now, let’s talk about the bullish channel. It’s crucial because the bulls have already set up camp and built a bonfire of support. From here, it’s more likely that XRP will be testing those resistance levels at the top rather than taking a nosedive back to the support levels. Fingers crossed! 🤞

First things first, XRP needs to tackle the $2.4 wall, which has been a tough cookie to crack. Last week’s rise and subsequent bearish trend have made it clear that this level is no joke. But as long as the price holds between $2.18 and $2.22 (which are aligned with the all-important Fibonacci levels), we’re in for a bullish continuation. Let’s keep those good vibes rolling!

How High Can The Price Go?

If the bullish continuation is confirmed (and let’s hope it is because I need some good news), XRP is expected to keep climbing. We’re talking at least a 10% move to kick things off. As the uptrend continues, XRP’s price is expected to reach for the stars, aiming for those peaks from January. 🌟

According to our analyst (who clearly has a crystal ball), if we break out from here, XRP could soar as high as $2.9206. That’s over a 20% move, and it’s just the first step toward testing new all-time highs. “Keep an eye on the volume confirmation on the bounce—this setup is valid as long as XRP stays above key support,” the analyst concluded. So, let’s all hold our breath and hope for the best!

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2025-05-28 17:13