- At 2.58, XRP is trading at the 0.618 Fibonacci retracement, which is a robust technical support area and buyers are now defending the market.
- Analysts see a possible XRP upswing to as much as $6.70, even as conservative traders target the top at least by a full ten percent.
- According to reports, Saudi Arabia can inject up to 10 billion dollars into XRP, which could create institutional momentum in an already technically stable market.
XRP is now testing an important support zone around the 0.618 Fibonacci retracement, and traders will be looking at price behavior to give a signal.
Technical Structure Suggests Crucial Market Phase
The XRP/USD chart on a weekly timeframe displays the token trading close to $2.58, consistent with the 0.618 Fibonacci retracement. The level has had a strong buying interest historically, making it a critical level for participants. Recent weekly candles indicate selling pressure, yet long lower wicks suggest buyers are still defending support.
A large blue demand zone sits near $2.00, serving as a secondary cushion if the present level weakens. Traders view this area as an additional opportunity to enter at lower prices should a breakdown occur. A projected curved arrow on the chart points toward a bullish move targeting $6.70.
The market structure suggests that XRP is currently going through a consolidation phase. In order to maintain momentum, the asset has to stay above the Fibonacci support while also receiving new buying interest. An increase in volume or a series of bullish candlesticks will provide more confirmation of this move.
Analysts Identify Long-Term Upside Potential
CryptoPulse described XRP as undervalued, calling it the “bankers’ coin” and noting its endurance in the top five cryptocurrencies for over a decade. The analyst indicated favorable entry point of 0.618 Fibonacci level on which to strategically position.
The post also implied conservative targets within the double-digit zone, making the present setup appealing to long-term traders. Price action, combined with a historical pattern of resilience, is seen as laying the groundwork for a potential rally.
Conservative traders continue to watch this structure, with many considering the recent flush of short-term buyers as a reset. Market participants stress the importance of confirmation before expecting a large upward breakout.
Institutional Interest Adds Momentum
Adding to the bullish narrative, Dominus XRP Syndicate (@BaronDominus) reported that Saudi Arabia plans to invest $10 billion from its sovereign wealth fund into XRP. The claim positioned $5.89 as a near-term price target, sparking renewed debate in the community.
While official confirmation is still awaited, the news has drawn attention to growing institutional participation around XRP. Large-scale interest could provide the liquidity needed for sustained moves toward higher resistance zones.
Together with technical support and strong demand zones, potential institutional flows create a dynamic market environment for XRP traders. Both retail and institutional participants continue to monitor these developments as the asset approaches critical levels.
