XRP Don Break Pass $2.90 Golden Retrace, E Dey Eye $5.40 Wave 3
XRP don hold gidigba for di critical $2.90 golden retracement level as Bitcoin just begin to fall, e no reach new low and e remain steady pass di 0.618 Fibonacci support. Crypto analyst Captain Redbeard see breakout from one multi-year triangle pattern wey resemble di 2017 setup wey happen before XRP reach im all-time high of $3.40 for 2018. For shorter timeframes, CasiTrades talk say if e clear break pass $3.12, e go confirm one bullish Wave 3 structure, and e target reach $4.48 then $5.40. Wey e de trade about $3.02 now, XRP strong pass Bitcoin wahala show say e get growing bullish momentum. Traders suppose dey watch key Fibonacci levels and triangle breakout confirmation so dem fit arrange for possible parabolic leg.
Bullish
Di analysis dey show say na classic bullish scenario: XRP dey hold above di 0.618 Fibonacci retracement for $2.90 and breakout from long-term triangle dey mirror di 2017 pattern wey lead to historic rally. If e clean break above $3.12, e go trigger Wave 3, wey normally be di strongest leg for Elliott Wave theory, dey target $4.48 and $5.40. Same kind past breakouts don cause traders to dey quick buy and FOMO, wey dey cause short-term spikes and dey push long-term uptrends. Di way e stand strong against Bitcoin pullback mean say capital dey rotate go XRP, wey dey support near-term bullish momentum. For medium term, steady volume for di breakout and e holding above key Fibonacci levels go increase confidence and draw more technical traders plus institutional interest. This mix of pattern confirmation, Fibonacci support, and wave theory structure make di bullish outlook most likely.