XRP Price Dey Face $2.96 Retest as Institutional Support Dey Grow
XRP price don return to di critical $2.96 support level, wey mark important retest wey align with di 0.382 Fibonacci retracement. Make di support hold na important to maintain di current bullish structure, but if e break down, e fit cause sell-off go $2.76 and $2.51. Analysts from CasiTrades talk say dem see potential bullish divergence for di RSI, wey mean say momentum fit improve if volume confirm am. For the upside, traders dey eye $3.21 and $3.41 as next resistance zones, wit $3.60 as longer-term target. Institutional adoption still dey strengthen XRP price fundamentals: South Korea regulated custodian BDACS don add XRP support, show say institutional investors demand dey grow. According to CoinGecko, XRP dey trade round $2.93, down 3.6% over 24 hours and 6.7% for the week. Key trigger for traders na volume confirmation, RSI movement, and how dis high-stakes retest for $2.96 go turn out, wey fit shape XRP short-term and medium-term trajectory.
Bullish
Di news dem combine technical and fundamental bullish signs. XRP price dey hold di $2.96 support—wey be di important 0.382 Fibonacci level—while e dey show RSI divergence wey suggest say momentum go increase if volume confirm am. Institutional support from BDACS add fundamental catalyst, just like before wey custody adoption come first before price rally. Together, these factors dey show say short-term bullish reaction fit happen plus medium-term strength go last.