XRP Price Holds Macro Consolidation Zone, Wave 3 Surge Could Send Price To $5

After the Bitcoin price retracement, XRP seems to have entered into another bearish trend that has sent it below $3 once again. However, despite the correction, XRP has continued to hold major levels, unlike Bitcoin, which has gone on to make new local ￰0￱ suggests that XRP is performing differently from Bitcoin and could see a rally despite the Bitcoin price remaining low during this ￰1￱ XRP Price Holding Above $2.9 Is A Good Thing So far, despite falling below $3, the XRP price has continued to hold above $2.9, which is a major macro level for the XRP ￰2￱ crypto analyst CasiTrades explains in an X post, the XRP price has continued to hold its larger macro consolidation pattern, even testing the key trend line at $2.91.

Related Reading: Analyst Says XRP Price Is Set To Hit $4 If It Breaks This Resistance Line Amid the market downtrend, altcoins like XRP have also continued to show bullish ￰3￱ suggests that the decline may only be short-lived, and a rally could be in the ￰4￱ is also the subject of weakening momentum underneath this level, but the crypto analyst explains that this could mean that the XRP price could see a relief bounce ￰5￱ long as the XRP price continues to trade inside of this current consolidation level, there is still the possibility that bulls can reclaim control of the ￰6￱ it is at the 0.618 Fibonacci level, the crypto analyst points out that this is the area of the ‘golden retrace’, a level that has been historically known to set the stage for a bullish ￰7￱ this point, XRP could be looking to continue a textbook Elliot Wave continuation of Wave ￰8￱ Wave 2, Wave 3 is a bullish wave that tends to send digital asset prices to new local peaks, and sometimes, new all-time ￰9￱ Reading: XRP Historical Performance Points To 200% Rally To $9.63 For now, the major level that the XRP price needs to hold lies at $2.9.

Casi explains that as long as this level holds and remains a support block for the altcoin, then it could signal the start of a new bullish trend that could push the altcoin to brand-new all-time ￰10￱ target for the continuation of the Wave 3 lies above $5.3, clearing the current all-time high of $3.8. This would also mean an over 80% increase from the current ￰11￱ image from Dall. E, chart from ￰12￱