Ripple (XRP) Poised for $4.19 Rally as Bullish Structure Remains Intact

XRP maintains a bullish market structure despite a corrective pullback, with technical confluences pointing towards a potential rally to $4.19 once key Fibonacci levels are retested and held. The current correction remains shallow, and buyers are actively supporting price at higher levels, suggesting sustained bullish momentum. A retest of the local 0.618 Fibonacci could trigger a rally to $4.19, and the broader market structure shows higher highs and higher lows, signaling sustained bullish momentum.

XRP (Ripple) has shown resilience despite a recent corrective pullback, maintaining a bullish market structure [1]. Technical indicators suggest a potential rally towards $4.19 once key Fibonacci levels are retested and held. The current correction is shallow, indicating sustained bullish momentum.

Key support at $2.80 has held strong, and a retest of the local 0.618 Fibonacci could trigger a rally towards $4.19 [1]. The broader market structure continues to show higher highs and higher lows, signaling sustained bullish momentum. The recent all-time high of $3.60 marked a significant milestone, and subsequent price action found support at the value area high, reinforcing the bullish outlook [1].

The volume profile shows steady demand near key supports, although a stronger influx of bullish volume will be needed to sustain higher price levels. As long as $2.80 remains intact, XRP has a high probability of resuming its uptrend towards the $4.19 Fibonacci extension target [1].

In addition to the positive technical outlook, XRP has recently completed a key bullish retest, reclaiming $3.27 resistance [2]. This signals renewed upward momentum and has ignited optimism among investors. The chart suggests XRP is ready to reclaim its $3.60 breakout, with projections pointing towards $3.37, $3.51, and $3.60 [2].

The legal victory against the SEC has also boosted ETF demand for XRP, with major firms filing ETF applications and a projected 82% chance of approval before year-end [3]. This could lead to massive capital inflows into XRP, further supporting its price.

In conclusion, XRP's technical indicators and recent market developments suggest a potential rally towards $4.19. As long as key support levels hold and the broader market structure remains bullish, XRP has the potential for sustained upward momentum.

References:
[1] https://crypto.news/xrp-poised-for-4-19-expansion-as-bullish-structure-holds/
[2] https://u.today/xrp-breakout-to-360-still-possible-ethereum-could-hit-25000-by-2028-bitcoin-to-1-million-surpassing
[3] https://partner.cryptopolitan.com/xrp-etf-accelerates-as-analysts-target-6-before-q4-magacoin-finance-joins-list-of-best-crypto-to-buy-now/