#Technical_Analysis of#Ripple(XRP) 🔥💰
🔹 General Trend:
Ripple (#XRP) is showing strong bullish momentum as it trades within a clear bullish price channel.
🔹 Fibonacci Levels:
The critical support at 1.618#Fibonacci= $2.03 represents a strong retracement area.
The next resistance at 2.618 Fibonacci = $2.65 is the first target if the rise continues.
The Fibonacci extension at $3.70 indicates a potential bullish target in the medium term.
🔹#Supportsand #Resistances:
✅ First support: $2.03 (potential retracement area).
✅ Second support: $1.63 (bottom of the price channel).
🚀 First resistance: $2.65 (breaking it confirms the continuation of the rise).
🚀 Second resistance: $3.70 (next target in the uptrend).
🔹 Price channel:
Ripple is moving within a clear ascending channel that supports the continuation of the positive trend, provided that trading is maintained above the main support of $2.03.
🔹 Expectations:
If trading continues above $2.42, the price may target the resistance of $2.65 in the short term.
Breaking the support at $2.03 may lead to a deeper correction towards $1.63.
📌 Note: Positive momentum supports the continuation of the uptrend, but caution is required in overbought areas or corrections.
