bullish

Strong

MACRO

<ul>
 <li>XRP's Fib 1.618 level is a crucial support for price stability.</li>  
 <li>A strong Wave 5 setup could trigger a rally to double-digit prices.</li>  
 <li>Losing key support may lead to deeper XRP price correction.</li> 
</ul>  
<p><a href="https://cryptonewsland.com/xrp-now-accepted-in-south-koreas-retail-sector-a-milestone-for-crypto/" target="_blank" rel="noopener noreferrer nofollow">Ripple (XRP)</a> investors are closely watching the Fib 1.618. This Fibonacci retracement level from the previous cycle has acted as a strong support for years. Losing this price level could be disastrous for XRP's price.&nbsp;</p>  
<p>On the other hand, XRP might be setting up for a major rally if this level holds strong. Some believe this could finally push XRP into double-digit territory.</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/egragcrypto/status/1837027111569154459
 </div>
</figure>  
<h2 class="wp-block-heading" id="h-xrp-s-journey-to-macro-wave-5">XRP’s Journey to MACRO Wave 5</h2>  
<p>Since 2017, XRP has been retracing within <a href="https://x.com/egragcrypto/status/1837027111569154459" target="_blank" rel="noopener noreferrer nofollow">MACRO Wave 4</a>, consolidating after the last big cycle. This extended period of price stagnation has tested the patience of many investors.&nbsp;</p>  
<p>However, a setup for MACRO Wave 5 is now forming. In Elliott Wave theory, Wave 5 often leads to explosive gains. If the price of XRP stays above the Fib 1.618, a big rally could be on the horizon.</p>  
<p>Technical analysts are watching the monthly chart closely. Losing this key support could send XRP into a deeper correction. If the stars align and Wave 5 kicks off, XRP could finally climb into <a href="https://cryptonewsland.com/bitcoin-and-xrp-multiple-bullish-signals-pump/" target="_blank" rel="noopener noreferrer nofollow">double digits</a>.&nbsp;</p>  
<h2 class="wp-block-heading" id="h-is-a-double-digit-xrp-possible">Is a Double-Digit XRP Possible?</h2>  
<p>More than just technical support will be needed for XRP to hit double digits. Strong market momentum and bullish sentiment across the crypto space are crucial.&nbsp;</p>  
<p>Despite challenges, including ongoing regulatory issues, the <a href="https://www.coingecko.com/en/coins/xrp" target="_blank" rel="noopener noreferrer nofollow">price of XRP</a> has shown resilience. The Fib 1.618 level is a crucial point that could pave the way for a big rally.</p>  
<p>If XRP holds this support and Wave 5 unfolds as expected, the token's price might smash through its previous all-time highs. The next few months could be pivotal. Will XRP finally break out into double digits? Only time will tell, but the signs are promising.</p> 
<p>The post <a href="https://cryptonewsland.com/xrps-fib-1-618-holds-strong/" rel="noopener noreferrer nofollow">Fib 1.618 Holds Strong: Is XRP Ready for Double Digits?</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Fib 1.618 Holds Strong: Is XRP Ready for Double Digits?

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