Current Price and Support Levels: XRP is trading at approximately $2.849, with analysts emphasizing the importance of maintaining support at $2.65 to enable potential gains towards $3.66.
Technical Analysis and Projections: Fibonacci retracement levels indicate critical pivot points at $2.61 and $2.75, while a successful defense of $2.65 could lead to a bullish breakout, potentially increasing XRP's value by over 25%.
Market Sentiment and Risk Management: The risk-to-reward ratio remains favorable for bulls as long as XRP holds above $2.65, with traders closely monitoring price movements to confirm bullish momentum.
Future Outlook: Analysts are optimistic about XRP's potential to reach $3.66 if it sustains above $2.65, while a drop below this level could lead to further declines toward $2.47 or $2.22.
