Ripple Explodes to $3.66 – Correction Before $4 Rally?
Ripple (XRP) has officially reclaimed the spotlight after breaking above its previous all-time high of $3.40, set back in January 2018, and printing a fresh record at $3.66. This powerful breakout marks a major shift in market sentiment, fueled largely by institutional accumulation and increased bullish momentum across crypto markets.
The move reflects growing confidence in XRP’s long-term potential, especially as the asset cut through critical resistance levels with ease. The breakout has sparked speculation that the $4 psychological barrier may be the next big target for bulls.
Short-Term Correction Expected After Sharp Surge
Despite the strong breakout, technical patterns suggest a short-term correction may be underway. After gaining nearly 30% in a single upward leg, XRP now appears to be entering a consolidation phase.
Analysts are eyeing the $3.00 zone as a potential retracement target. This level aligns with both historical support and the 0.5–0.618 Fibonacci retracement zone, making it a key area for bulls to defend.
Bulls Eye a Comeback Toward ATH and Beyond
Should XRP hold above $3.00 and buying volume pick up, a new rally toward the $3.66 all-time high—and possibly a breakout toward $4—could be in the cards. For now, however, a continued short-term pullback remains the base-case scenario until stronger confirmation emerges.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
[…] levels, such as the 0.382 and 0.5 Fibonacci retracement zones, will be critical for understanding XRP’s market dynamics. Technical analysts also highlight the importance of the wedge formation in […]