Ripple's XRP has currently pumped over 4%, with a trading price of $2.40. The current chart of XRP remains relatively unchanged, and the main outlook suggests that XRP may be in the later stages of a bullish structure. The question now is whether it will break through the historical high or if the price will test the historical high around $3.30.

Key support and resistance levels

A reaction was observed at the previous breakout point (i.e., the 2021 high). The green line representing this breakout point was tested from above yesterday. XRP may still be in the third wave, with a potential high point before the market moves forward.

Even if the price falls below the green line (indicating short-term weakness), there is still a Fibonacci support zone between $1.5 and $1.7. However, the support level on a smaller time frame is more critical in the short term.