For medium- to long-term investment in $XRP, here are the key Fibonacci levels:
38.2% (2.2888): Price has broken above this level — a positive signal.
23.6% (2.7101): Represents the next strong resistance.
50% (1.9484): A major previous support where the price bounced.
61.8% (1.6080): A stronger support level, often used as a key reversal zone.
Possible Scenarios: 🔼 Bullish Scenario: If the price closes strongly above 2.47 – 2.50, there’s a high probability it will test the 2.71 area (23.6%) and possibly 3.00 or higher.
🔽 Bearish Scenario: If the price fails to break 2.47 and strong rejection candles appear, it may retest 2.28, then 1.95 (50%).
Note: The date at the bottom is August 17, 2025, indicating that this outlook is for the medium to long term (weeks to months).
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Good evening,
For medium- to long-term investment in $XRP,
here are the key Fibonacci levels:
38.2% (2.2888): Price has broken above this level — a positive signal.
23.6% (2.7101): Represents the next strong resistance.
50% (1.9484): A major previous support where the price bounced.
61.8% (1.6080): A stronger support level, often used as a key reversal zone.
Possible Scenarios:
🔼 Bullish Scenario:
If the price closes strongly above 2.47 – 2.50,
there’s a high probability it will test the 2.71 area (23.6%) and possibly 3.00 or higher.
🔽 Bearish Scenario:
If the price fails to break 2.47 and strong rejection candles appear,
it may retest 2.28, then 1.95 (50%).
Note:
The date at the bottom is August 17, 2025, indicating that this outlook is for the medium to long term (weeks to months).
https://www.gate.com/profile/AA4BFwgdWVtfQxQSHQsMXgIAcFEKAB0JRwxfXgO0O0OO0O0O?ref=VGJEVVBACA&ref_type=105
#Trump Tariff Hikes #Gate xStocks Trading Share #HK Stablecoin Rules #HK Stablecoin Rules #Truth Social Crypto ETF