The post XRP Price Prediction Today: When Will Ripple Rally? appeared first on Coinpedia Fintech News
XRP is showing strength after breaking above a key Fibonacci resistance area earlier this week. This upward move followed positive market sentiment, likely driven by recent developments around crypto-based ETFs. While the structure of the rally remains complex, analysts are closely watching several important price levels for signs of continued bullish rally.
Short-Term Structure Supports Further Upside
XRP has continued to form higher highs and higher lows, a classic sign of upward momentum. Price action is currently following a diagonal wave pattern, a type of bullish structure that is less powerful than a strong impulsive trend but can still support further gains.
The recent swing low at $2.11–$2.12 (April 24) now serves as a critical support level. As long as XRP stays above this range, the bullish scenario remains intact. A drop below this level would call for a re-evaluation of the short-term structure.
The next upside targets are in the $2.46 to $2.55 range. This area aligns with the 138% Fibonacci extension level, which is often considered a key milestone in wave-based analysis. Reaching this zone would complete a larger third wave in the current five-wave pattern.
Larger Structure Still Unclear, But Bullish Signs Emerging
XRP is still trading within a long-term descending parallel channel on the daily timeframe, meaning the broader trend remains bearish for now. However, there are growing signs that this trend may be losing strength.
On the 3-day chart, the bearish divergence in the RSI—active since earlier in the year—is close to being invalidated. If the RSI moves above its previous high, and the price breaks out above the $2.50 level, that would serve as a strong signal of a trend reversal.
This would shift XRP out of short-term relief rallies and into a more defined bullish trend.