XRP Dey Ready for Breakout as Bulls Dey Eye $2.96 Resistance
XRP dey consolidate between $2.915 and $2.96, e dey form tight range under the critical 0.382 Fibonacci retracement level at $2.96. E dey trade near $3.01 after e regain the $3.00 zone, XRP dey show bullish RSI divergence for short-term charts, meaning say seller momentum dey weak. If e breakout pass $2.96 well and e turn to support, e fit trigger rally go $3.21 and $3.41, then medium-term targets be $3.65 and $4.40. Strong whale accumulation, less exchange outflows and recent legal clarity about Ripple, plus SBI Japan’s XRP-inclusive ETF filing dey support long-term bullish sentiment. But if e no fit hold above $2.96, XRP fit just dey range-bound, and if e drop under $2.915, e fit open retracement levels at $2.80 and $2.65 wey dey line with key VWAP support. Traders suppose dey watch $2.96 break, RSI signals and volume. XRP next move for this inflection point go likely determine the direction for the next leg.
Bullish
XRP dey consolidate just under di $2.96 resistance, plus bullish RSI divergence and strong support for di 0.5 Fibonacci retracement wey be $2.915, e show say buying pressure dey increase while sellers dem dey weak. For history, tight trading ranges like dis one usually end up with gbege moves; example be say, for January 2021, XRP break pass $0.75 after e consolidate well, e lead to months rally. Di mix of big whales dey collect, exchange inflows dey drop, plus better regulatory moves—especially SBI Japan wey file for XRP-inclusive ETF—dey add more confidence. If bulls fit change $2.96 to support, momentum buyers and algorithmic traders fit push price to next Fibonacci extension targets for $3.21 and $3.41. Even if market remain neutral, traders suppose dey watch volume and retest behavior well. But if support no hold, price fit drop go back $2.80 and $2.65. However, technical setup and on-chain metrics still favor bullish run. So, market outlook good for short and medium term, dis fit be key breakout period.