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XRP has just dropped below $3, but the market may not be as bearish as it 
looks. The price fell into the 0.382 Fibonacci retracement level at $2.96, a 
significant support zone. The wick to $2.94, which matched the 0.618 subwave 
target, quickly reversed and reclaimed $2.96. This fast recovery is classic 
behavior often seen when a market finds its bottom. According to market 
analyst Casi Trades, the current setup could open the door for XRP to 
stabilize and possibly aim for higher targets, with levels like $4.80 already 
on the radar. XRP Holds Strong At $2.96 Support XRP’s latest price action 
delivered exactly what technical analysts were waiting for. Adding even more 
weight to the case for a bottom is the Relative Strength Index (RSI). The RSI 
printed bullish divergence on both the 15-minute and the 1-hour charts. While 
prices were falling, the RSI showed higher lows, signaling momentum was 
shifting in favor of buyers. Combined with the clear 5-wave downward move on 
the chart, Casi Trades believes this confirms that XRP has completed its 
correction phase. Related Reading: Dogecoin Eyes 1,000% Increase To Reach 
$2.55 ATH This Cycle The analyst explained that the drop into $2.96, followed 
by an immediate bounce, shows that the market “was hunting for a bottom, and 
XRP delivered.” The combination of Fibonacci levels, divergence signals, and 
clean wave structure makes this support zone one of the most important in the 
current cycle. Bullish Outlook And Upside Targets Now that XRP has hit and 
held the $2.96 support, traders focus on the next phase. Casi Trades noted 
that XRP may linger around this level or retest it again, but its holding is 
already a positive sign. The market analyst expects large-cap 
cryptocurrencies, including XRP, to lead the next wave of gains. With support 
confirmed, attention is now shifting to upside targets. The most critical one 
mentioned is $4.80, but the analyst believes the momentum could carry XRP even 
higher if conditions remain favorable. Related Reading: Market Expert Reveals 
Why XRP Price At $1,000 Is Not A Possibility This bullish outlook is fueled 
not just by XRP’s chart but also by broader market conditions. Large caps tend 
to move together when sentiment improves, and XRP holding its ground at $2.96 
is a signal of strength. “From these support lows across the market, I expect 
things to turn exciting and bullish,” Casi Trades commented. If the impulsive 
upside resumes, XRP’s recovery from this support zone could mark the beginning 
of a strong upward leg. For now, all eyes remain on the $2.96 level. As long 
as XRP holds above it, the case for a bullish rally stays strong. The market 
setup points to higher prices, whether it takes off immediately or after a 
brief consolidation. With the potential for a run toward $4.80 and beyond, 
XRP’s sharp drop may have just set the stage for its next big move. Featured 
image from Dall.E, chart from TradingView.com

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