XRP is currently in a corrective phase, but there are key levels that could determine whether a bullish reversal is

on the horizon. At the moment, the cryptocurrency is consolidating within a range where a potential low could form. However, for confirmation of an upward breakout, XRP must surpass crucial resistance levels.

One of the most significant levels to watch is $2.89, which aligns with the golden ratio, a key Fibonacci retracement level often used by traders to identify trend reversals. If XRP can decisively break above this point, it would indicate growing bullish momentum and suggest the possibility of an extended rally. However, the ultimate confirmation of a reversal would require a breakthrough above $3.15, the recent high. Overcoming this level would signal a shift from the current corrective trend to a potential bullish continuation.

Despite the market’s corrective phase, this zone remains an area of interest where buyers could step in. If support holds and volume begins to increase, it could indicate accumulation and the formation of a new uptrend. A failure to reclaim these resistance levels, however, may result in further consolidation or even a deeper retracement.

Market sentiment and external factors will also play a significant role in determining XRP’s next move. Macroeconomic conditions, regulatory developments, and overall market trends could influence whether XRP gains the momentum needed for a breakout. Furthermore, on-chain metrics such as trading volume, whale accumulation, and liquidity flows will provide additional insights into market behavior.

Traders and investors should keep a close watch on price action near the key resistance levels of $2.89 and $3.15. A decisive move above these thresholds, accompanied by strong buying pressure, could validate a bullish breakout and set the stage for further gains. On the other hand, if XRP fails to break these resistance levels, the market could remain in a prolonged correction.

For now, patience is key as XRP trades within a critical range. While the current correction phase suggests caution, the technical setup presents an opportunity for a potential upside move if the necessary resistance levels are breached. Keeping an eye on market trends, volume indicators, and external influences will be essential in determining the next phase of XRP’s price action.