XRP News Today: XRP Expected to Retrace to $2.50 Before Aiming for $4.67 Rally

Recent developments in the XRP market suggest that a temporary pullback is likely before the asset resumes its upward trajectory. Analyst Rose has outlined a strategic roadmap based on Fibonacci confluence and technical indicators, identifying key price levels that could influence the near-term direction of XRP. According to the analysis, the $2.70–$2.50 range is considered an optimal accumulation zone, where buying interest is expected to re-emerge before another upward move is initiated [1].

The technical indicators currently show a mixed picture. The RSI is at 43.22, reflecting a mild bearish bias, while the MACD suggests that downward momentum is weakening, potentially setting the stage for a recovery. A breakout above $3.20 could trigger a rally toward the $3.40–$3.60 range, with a broader bullish target of $4.6704 also on the horizon [1]. This projection assumes that key support and resistance levels remain intact and that buyer activity increases to sustain the upward trend.

XRP is currently consolidating between $2.90 and $3.30 after breaking out of a long-term descending wedge pattern. This consolidation phase is seen as a natural correction following the sharp rally toward mid-July highs near $3.60. Analyst Rose emphasizes that a retracement toward Fibonacci support levels—particularly the 0.382 level around $2.95–$3.00—is anticipated before another upward impulse. If the price holds above this level, it could signal continued bullish momentum [1].

Further down the Fibonacci scale, the 0.5 retracement at $2.70 and the 0.618 area between $2.46–$2.50 are considered critical for long-term positioning. These levels align with what Rose describes as the "ideal long entry area." A drop below the 0.786 retracement at $2.07 would indicate deeper bearish pressure and could extend losses further [1].

The current trading volume remains subdued at 5.26 million, suggesting a lack of strong conviction among market participants. This low volume could either indicate a period of uncertainty or a prelude to a larger breakout. The histogram on the MACD shows diminishing bearish momentum, reinforcing the idea that a change in direction might be on the horizon if buying interest intensifies [1].

In summary, the XRP price trajectory is expected to follow a retracement pattern before resuming a more sustained upward move. The key levels identified by Rose provide a clear framework for both short-term and long-term positioning. If the $2.70–$2.50 zone holds and the price recovers above $3.20, XRP could potentially reach $4.67, marking a significant milestone in its ongoing bull run [1].

Source: [1] Analyst Predicts XRP Pullback Before Targeting $4.67 Upside https://cryptofrontnews.com/analyst-predicts-xrp-pullback-before-targeting-4-67-upside/