XRP Stalled at Fib 0.702 – A Critical Moment!

With double Fibs from Jan 2018 and April 2021, we have a strong confluence at Fib 0.702 ($1.22–$1.11). This is the key reason why #XRP is pausing here.

XRP is currently at a critical juncture, trading within the Fibonacci 0.702 zone, which is highlighted by a strong confluence of two corrective retracements from January 2018 and April 2021 levels. This zone of resistance has been constructed from two significantفرةs in the cryptocurrency’s previous bull cycles.

In the previous X post, Egrag Crypto highlighted this level as the key area that could define the further direction of XRP.

Anticipating a critical breakout within the $1.60–$2.30 price range, Egrag expects this zone to face selling pressure from the holders who got “burned” during the previous cycle and are likely to book profits at these levels, terming it as PSTD scars. However, the outlook suggests that it is not only about retesting the previous high but also about a weekly or monthly close above $2, which, according to the analyst, is a ‘multiplier’ that may lead to the acceleration of growth.

Next XRP Cycle Peak

Further, on the two-week chart, we can observe a positive sign with the Super Guppy indicator, which has flipped green. Such a change has been previously observed prior to a considerable price increase of the token.

In the 2018 cycle, XRP hit its ATH 266 days after the Super Guppy flipped green. In the 2021 cycle, it only took 84 days to see the top of a cycle. These movements have an average time of about 175 days, and looking at the trend, the next peak for Ripple coin might likely happen by March 2025.

XRP’s Future Movements

To sustain such a move, the market mechanisms and the faith of the long-term investors will be of essence to XRP. Should the price break and hold above $2, it could signal a possible shift higher, opening the door for further gains.

At the time of writing, the token is trading at $1.18 per coin, showing a 8.01% increase in the last 24 hours and a 121.84% rise in the last 30 days.

Hence, XRP’s future movements are critically expected to define its position in the crypto market through technical analysis and historical trend analysis. At these critical junctures, all attention is still on XRP to突破through the resistance level and capitalize on the gains made in the previous cycles.