XRP is Gearing Up for a Retest of $2.90 on Its Way to $3.00+

XRP is showing signs of strength as it inches closer to a retest of the $2.90 level, a critical resistance zone. Once this level is cleared, the path to breaking $3.00 seems inevitable.

The chart structure is bullish, and the momentum is building up for XRP to potentially make history once again. A successful retest and break above $3.00 could open doors to new price levels, further solidifying XRP’s position in the market.

Key Points to Watch:

Retest at $2.90: Critical level to break for further upward momentum.
$3.00 Psychological Level: Once surpassed, XRP could push into higher territory.
Market Structure: Remains bullish as XRP builds support and targets key levels.
It’s an exciting time for XRP holders as the token sets its sights on creating another historic moment. Let the structure play out and watch closely!

Key Observations:
8-Hour Timeframe (Left Side):

Current Position: Price is hovering around the $2.31 level, showing consolidation after a dip.
Fibonacci Levels: The price is sitting near the 23.6% retracement level ($2.34394), suggesting a potential bounce.
Support Zone: A strong support zone is visible around the $2.17–$2.24 range (highlighted as "New Low 8HR"), providing a base for the price to hold.
Upside Target: A potential retest of the $2.90–$3.00 range (previous high) is likely if bullish momentum picks up.
3-Week Timeframe (Right Side):

Overall Trend: The structure remains bullish with the price targeting higher Fibonacci retracement levels.
Previous High: The $2.90550 level remains the critical resistance to break.
Momentum Building: The chart suggests the market is building strength for a potential retest of the previous high, followed by a continuation toward higher targets.
Support Levels: Strong base support lies around the $2.17–$2.20 range, which aligns with the 8-hour chart.
Potential Scenarios:
Bullish Continuation:

If the price holds the current support level and breaks above $2.35, it could retest the $2.62 (61.8% Fibonacci) and eventually the $2.90–$3.00 resistance zone.
Breaking $2.90 could lead to a continuation toward uncharted levels.
Bearish Pullback:

If the $2.17–$2.20 support zone fails, the price could revisit lower levels, consolidating further before attempting another upward move.
Conclusion:
The charts suggest that XRP is in a crucial consolidation phase, preparing for its next major move. The key levels to watch are:

Support: $2.17–$2.20
Resistance: $2.35 (short-term) and $2.90–$3.00 (major resistance).
This setup favors a bullish bias, provided the structure holds and momentum builds to retest the previous high.
Trend Analysis

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