XRP is currently retracing toward the 0.5-0.618 Fibonacci zone after breaking out of a descending wedge, with analysts targeting $4.67 as the first upside goal due to reduced exchange supply.
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XRP broke out of a descending wedge, with $4.67 set as the first upside target.
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Price retraces toward the 0.5–0.618 Fibonacci zone, seen as the main accumulation area.
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Exchange supply drops to 5.66%, easing sell pressure and supporting long-term bullish momentum.
XRP price analysis reveals a breakout from a descending wedge, targeting $4.67. Discover key Fibonacci levels and market trends today!
What is XRP’s Current Price Trend?
XRP is experiencing a bullish trend after breaking out of a descending wedge pattern. This breakout indicates a potential reversal, with the XRP price now retracing towards crucial Fibonacci levels, specifically the 0.5–0.618 zone, which traders view as a significant accumulation area.
How Does the Fibonacci Retracement Influence XRP?
The Fibonacci retracement levels are critical for traders as they identify potential reversal points. Currently, XRP is consolidating around $3.09, with the 0.5–0.618 Fibonacci zone acting as a key support level. This area is seen as a prime opportunity for long positions, offering favorable conditions for traders looking to capitalize on the bullish momentum.
Frequently Asked Questions
What is XRP’s price target after the breakout?
The first major price target for XRP after the breakout is set at $4.67, based on technical analysis and measured move strategies.
How does reduced exchange supply affect XRP?
Reduced exchange supply lowers sell-side pressure, supporting a bullish outlook for XRP and encouraging long-term holding trends.
Key Takeaways
- XRP breakout confirmed: The breakout from a descending wedge signals a potential bullish reversal.
- Fibonacci levels critical: The 0.5–0.618 zone is identified as a key accumulation area.
- Exchange supply decline: A drop to 5.66% eases immediate selling pressure, supporting long-term bullish momentum.
Conclusion
In summary, XRP’s recent breakout from a descending wedge pattern indicates a bullish trend, with the price retracing toward significant Fibonacci levels. As exchange supply declines, the outlook remains optimistic, positioning XRP for potential growth in the coming weeks.
XRP broke out of a long-term descending wedge, a bullish reversal pattern closely monitored by traders. After a strong impulse move, the price is now retracing toward key Fibonacci levels. The 0.5–0.618 Fibonacci zone is being marked as the ideal “LONG” accumulation area. Upside projections place the first target at $4.6704 USDT.
XRP Retraces Toward Fibonacci Accumulation Zone
According to analysis prepared by VipRoseTr, XRP’s breakout has confirmed the end of a prolonged corrective phase. The weekly structure remains intact, with technical analysts pointing to retracement levels as the next focus area.
📊 $XRP/USDT Weekly Chart Overview #XRP broke out of a long-term descending wedge, a classic bullish reversal pattern.
After a strong impulse move, price is now retracing toward key Fibonacci levels, offering a potential re-entry opportunity.
The 0.5–0.618 zone is marked as… pic.twitter.com/unvMWkShSB
— Rose Premium Signals 🌹 (@VipRoseTr) August 16, 2025
The price is currently consolidating near $3.09 after briefly moving above $3.15 earlier in the trading session. The 0.5–0.618 Fibonacci retracement range, which aligns with structural support, is seen as a key zone for re-entry. Traders consider this area a potential accumulation point, offering conditions for long positions.
Data from CoinMarketCap shows that intraday volatility continues, with both downward and upward swings recorded in the last 24 hours. Despite reduced trading volume, market capitalization has grown, confirming sustained activity. The total market cap stands at $185.46 billion, while daily spot trading on Binance reached $356 million.
Upside Projections and Market Indicators
Following the wedge breakout, projections point toward $4.6704 as the first major upside target. This target is based on the measured move strategy that technical traders use after such breakout patterns. Analysts note that liquidation heatmaps show a liquidity cluster near $3.4, which could act as a short-term magnet for price movement.
Indicators also present a constructive setup. XRP trades above all major moving averages, including the 200 EMA at $2.46, which supports the bullish outlook. The RSI is near 50, leaving room for upward continuation, while the MACD histogram remains slightly negative. According to an observation by CryptoWZRD, “XRP is gearing up, and a new all-time high is coming.”
Exchange supply metrics support this outlook as Glassnode reports a decline in XRP held on centralized exchanges, now at a monthly low of 5.66%. This reduction lowers immediate sell-side pressure and aligns with long-term holding trends.
