Ripple has maintained strong bullish momentum, breaking above its previous peak and printing a new all-time high at $3.66.

However, a short-term corrective retracement is anticipated before the price potentially resumes its upward trajectory toward the $4 mark.

XRP Analysis

By Shayanmarkets

The Daily Chart

XRP has recently demonstrated strong bullish momentum, breaking decisively above its January 2018 peak at $3.4 and setting a new record of just over $3.65. This breakout signals a major shift in market sentiment, with price action accelerating through key resistance levels. The surge appears to be driven by institutional accumulation, highlighting a bullish bias in the market.

However, following such an impulsive rally, the market typically enters a temporary corrective phase. The $3 level stands out as a significant support zone and potential target for the current retracement. Holding above this level will be essential for maintaining the bullish structure and paving the way toward the $4 psychological threshold.

The 4-Hour Chart

In the lower timeframe, XRP’s breakout to $3.66 was marked by strong bullish momentum, as reflected by a sequence of large bullish candles. The asset gained approximately 30% in a single leg before encountering resistance and minor rejection at the ATH level.

Since then, XRP has entered a consolidation phase, likely forming a corrective pullback structure. The $3 region, coinciding with the 0.5–0.618 Fibonacci retracement zone, is a key area to watch for renewed buying interest.

If bulls defend this level and volume increases, another rally toward the $3.66 ATH, and potentially beyond, is probable. Until confirmation emerges, however, a continued short-term correction remains the base-case scenario.

SPECIAL OFFER (Sponsored) Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!

Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.