Usman has been in the blockchain space for 9 years and written dozens of articles about crypto in his career. He wants to put crypto on the global map.
XRP (Ripple) is consolidating after a breakout, with Fibonacci extensions suggesting a potential move toward the $4–$6 range if bullish momentum continues.
XRP (Ripple) traders are watching for higher price levels as the token holds above $3.00. Fibonacci extensions now point toward a potential rally into the $4–$6 range, marking the next major test for bulls. If momentum builds, XRP could be preparing for one of its strongest moves of the year.
The 3-day XRP/USDT chart shows consolidation after the token's breakout earlier this year. Following a strong surge above $2.50, XRP has established higher lows, signaling sustained demand despite a cooling-off period.
The chart reveals that XRP has built a support base above $2.80–$3.00, providing stability after earlier gains. According to STEPH IS CRYPTO trader analysis, Fibonacci extensions suggest potential resistance and target levels at $3.60 (1.618 Fib), $4.00 (2.0 Fib), $4.64 (2.618 Fib), $5.68 (3.618 Fib), and $6.71 (4.618 Fib).
The steady consolidation near $3.00 reflects accumulation, often a precursor to larger directional moves.
Several factors support XRP's longer-term bullish outlook. Ripple's partial legal victories against the SEC have boosted investor confidence, while the company continues expanding its global payment infrastructure, anchoring XRP's real-world use case. With Bitcoin stabilizing above key levels, altcoins like XRP are benefiting from renewed capital inflows. This backdrop enhances the significance of the chart's target zone, aligning technicals with improving fundamentals.
If XRP breaks higher from its consolidation range, the first milestone is $3.60, with $4.00 serving as a critical psychological level. Sustained buying pressure could then push prices toward the $4.64–$6.71 range, as highlighted by Fibonacci projections. However, failure to hold above the $2.80–$3.00 support zone would weaken the bullish setup and risk a deeper retracement before another attempt higher.
Usman has been in the blockchain space for 9 years and written dozens of articles about crypto in his career. He wants to put crypto on the global map.
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