XRP aims for 61.8% Fibonacci, the next 50% level is $3.17

XRP is currently trading around $2.97+, showing neutral momentum with the Relative Strength Index (RSI) at 52. The price is interacting with key EMAs, signaling accumulation before a potential move:
20-day EMA: $2.936
50-day EMA: $2.934
100-day EMA: $2.85
200-day EMA: $2.63
Fibonacci retracement levels (Low $2.678 → High $3.661):
61.8% → 3.054 (first target)
50% → 3.170 (next target)
38.2% → 3.285
23.6% → 3.429
78.6% → 2.888
XRP is maintaining above its long-term EMAs, indicating underlying strength. A breakout above the short-term EMAs ($2.935) could trigger a move towards the 61.8% Fibonacci level at $3.054, followed by the 50% level at $3.17.
On the flip side, failing to maintain above the 100-day EMA ($2.85) may invite a correction to the 78.6% Fibonacci level at $2.888.
Key points:
Short-term price increase if the price holds above $2.935
First Fibonacci target: 3.054 (61.8%)
Next target: 3.17 (50%)
Strong support: 2.85 – 2.888
$XRP
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