XRP Price Prediction: Analysts Point to Critical Fibonacci Zone As XRP Stalls Around $2.60 – Is a Crash or a Moonshot Next?
XRP value prediction reveals that the Ripple token is at a critical Fibonacci zone after finishing an impulsive wave that peaked round $2.66, adopted by a corrective pullback.
Market individuals at the moment are bracing for both a crash again to the demand zone round $2.50 or a moonshot above the 78.6% Fibonacci stage at $2.6552.
Market data shows that XRP has been oscillating inside a demand zone between roughly $2.56 and $2.61, which represents the 38.2% to 100% Fibonacci retracement ranges
Analysts additionally level to a forming ascending trendline projecting towards $2.63-$2.65, suggesting bullish momentum is constructing, which might pave the best way for a potential breakout.
Western Union Chooses Solana Over XRP
However, a current announcement that Western Union, the world’s largest cash switch enterprise, has chosen Solana over XRP as its fee settlement blockchain has forged doubt on the adoption of Ripple’s long-marketed use case.
Western Union spent years testing Ripple’s expertise, even operating pilots with XRP for cross-border funds courting again to 2015.
After a decade of experimenting, Western Union CEO Devin McGranahan mentioned yesterday that they checked out all the things, “velocity, value, reliability, and one chain got here out on prime: Solana.”
If one of many world’s oldest fee networks (over 170 years previous) goes blockchain-native and Ripple, which has all the time tagged itself because the blockchain for institutions, is lacking out on this significant spot, it’s price inflicting XRP holders to rethink their loyalty.
The TD (Tom DeMark) Sequential, which has been remarkably correct at recognizing XRP development reversals over the previous three months, is now flashing a promote sign.
XRP value prediction: Ascending Channel Eyes 12% Rally to $3.32
However, the XRP/USD 4-hour chart reveals a clear ascending channel marked by black trendlines, with XRP using this bullish construction constantly for the reason that sharp restoration from the October eleventh capitulation backside close to $2.15.
The current value motion shows a rising wedge sample close to the higher boundary of the ascending channel, which usually suggests weakening momentum regardless of the continued upward bias.
The RSI indicator at 60.39 confirms this, displaying the value in neutral-to-bullish territory however not but overbought, leaving room for additional upside if shopping for strain intensifies.
If XRP can flip resistance into assist, it might revisit the $3.3245 mark, representing a potential 12.27% achieve from present ranges.
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