XRP Holds Key Support, Elliott Wave Reversal Eyed
Update: 2025-11-29
Description
XRP demonstrates resilience, holding at $2.17 after an 18% drop, hinting at a potential turnaround. Market confidence waned, but XRP found stability near a long-standing support line. A surge in trading volume pushed XRP to $2.28 before pulling back. Technical analysts suggest this aligns with the end of a larger corrective phase, aligning with key Fibonacci levels. XRPs ability to stay above $2.18 indicates a possible positive trend, but a fall below this level could revisit lower levels.
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