XRP Produces Successful $3 Support Retest – But What Next?

Market analyst CasiTrades predicts a significant XRP price surge based on Elliott Wave Theory. This bullish outlook follows a recent market correction where XRP dropped 6.74%. XRP's retracement to the $3.00 support level, without creating a new low, reinforces the bullish structure. The retracement reached a 0.854 Fibonacci level, a typical reversal point for the second wave in a five-wave pattern. A successful break above the $3.21 resistance level would initiate Wave 3, the strongest wave in the Elliott Wave Theory. The next target is $3.82, coinciding with XRP's all-time high in some markets. This price projection aligns with the 2.618 Fibonacci extension. A complete Elliott Wave cycle could send XRP to unprecedented highs. Currently, XRP trades at $3.20, up 5.52% in the last 24 hours. This bullish prediction hinges on sustained price action above key resistance levels.