XRP Eyes $4 After Bullish Flag Break, Tests $3.6 Resistance
XRP price rebounded from the $2.8 support and is now challenging the key $3.6 resistance zone. On the daily chart, the 0.5 Fibonacci retracement level has drawn buying interest, fueling a push toward $3.4–$3.6. A breakout above $3.6 on strong volume could trigger a short squeeze and propel XRP price toward the $4 psychological mark. On the 4-hour timeframe, XRP price formed a bullish flag and briefly broke out before retreating to around $3.20. Traders should watch volume and price action near $3.6 to gauge whether a decisive breakout or short-term consolidation will follow.
Bullish
The sustained rebound from $2.8 support and the bullish flag breakout signal strong buying momentum for XRP. The 0.5 Fibonacci retracement level has attracted fresh demand, and a decisive push above $3.6 could spark a short squeeze that accelerates the rally toward $4. Traders should remain cautious of potential consolidation or pullbacks around this key resistance, but the prevailing technical setup points to a bullish outlook in both the near term and potentially beyond, provided the $3.6 barrier is cleared.