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XRP traded near $2.34 on the weekly chart as buyers defended a key retracement zone. The structure shows higher lows after a corrective phase that followed the 2024 peak. It depicts a complete decline towards the $1.75 to $1.92 range. Prices reacted inside this zone, reversing upward with strong weekly momentum.
At the same time, analysts noted XRP remaining among the strongest charts available. This momentum set expectations for a move into the green target zone or possibly the pink extension.
The weekly chart outlines a multi-year wave structure beginning in 2023. Prices formed an initial advance, with corrections before launching a stronger impulsive move into 2024. That advance peaked above $3.00, followed by a structured pullback. The decline respected prior trend lines and completed near the $1.57 to $1.75 Fibonacci cluster.
Following that reaction, XRP rebounded and reclaimed its $2.00 level. Prices now trade above the 0.5 retracement near $2.05, signaling a regained bullish control. The candle structure shows higher lows and steady upward progression, which aligns with continuation patterns rather than distribution or trend failures.
Meanwhile, the chart projects a clear upward path using wave extensions. The projected move begins from the recent lows, extending towards higher Fibonacci targets.
The numbers also include several Fibonacci extension levels that frame potential price zones. A 0.618 extension appears near $5.88, acting as a mid-range objective. Above that, the 0.786 extension aligns near $8.49, which sits inside the highlighted green target box in the chart.
The upper extension reaches near $13.55, defining the top of the projected move. This zone appears inside the pink target area marked above the green region. Each extension builds from the same base move that started near $1.57.
The structure shows clean proportional spacing between each target level. Prices are currently trading well below these levels, keeping the projections conditional, depending on holding above the reclaimed retracement zones.
The image shared on X included a brief analyst comment alongside the chart. It stated that XRP still ranks among the best-looking charts, with expectations for prices to reach the green box. The statement also allowed for a move into the higher pink zone, matching the visible Fibonacci extensions drawn on the chart.
The green zone aligns with the $5.88 to $8.49 range, while the pink zone corresponds with the extension near $13.55. Both appear only if the current structure remains intact.
Now, the question is: Can XRP maintain its structure above the $2.05 to $1.75 support range while advancing toward the projected extension levels? While the numbers show no invalidation markers at current levels, prices remain above the recent higher low, continuing to respect the ascending trend path.
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XRP price holds near $2.34 while the weekly chart shows higher lows and strong Fibonacci support. Key retracement zones remain intact as upside targets extend toward the $5.88 and $8.49 levels. Market structure stays constructive as long as prices hold above critical support.
