XRP Rockets Past $3.21: Golden Pocket Rebound Sets Stage for $4.80 Surge

XRP bulls are back in the driver's seat as the asset punches through $3.21—a critical psychological barrier that's now flipping into support. The Golden Pocket bounce isn't just technical poetry; it's the launchpad for what could be a 50% sprint toward $4.80.

Why This Matters

Fibonacci traders are circling. The 0.618 retracement level held like a champ, triggering algos and OI buildup across derivatives platforms. Liquidity pools above $3.50 look primed for absorption.

The Road Ahead

Watch for consolidation between $3.21-$3.40 before the next leg up. Institutional flows into XRP ETFs (yes, they finally approved them) could turn this rally into a full-blown price discovery mission. Just don't tell the SEC—they're still trying to define what a cryptocurrency is.

Bottom Line: This isn't just a dead cat bounce. It's a bull market cat with rocket boosters. Whether you're swing trading or HODLing, the path of least resistance points north. At least until the next 'unexpected' regulatory tweet.

• XRP bounced off the golden retracement pocket at $3.11, reclaiming $3.21 resistance.
• Momentum and volume suggest a potentially strong Wave 3 push toward $4.80.
• Historical patterns indicate a possible long-term target near $9.63.

XRP faced a sharp dip below $3.17 yesterday, raising concerns among traders. Analyst CasiTrades pointed out that the correction tested an important support area referred to as the golden retracement pocket. The area, NEAR $3.11, frequently corresponds to Wave 2 objectives within Elliott Wave Theory.

A dip below $3.10 WOULD have broken the bullish trend, but XRP held its ground. The bounce from this bottom enabled the price to retrace its lost ground and reclaim the resistance point of $3.21 in minutes.

Rebound indicates buyers are intervening at important support. Volume is slowly building, lending support to the rebound. As CasiTrades indicates, holding this level is essential to sustaining bullish sentiment. A hold above the support at $3.21 would provide room for a more sizeable advance.

XRP Eyes Wave 3 Surge Toward $4.80

CasiTrades highlighted that Wave 2 retracement may come before a powerful Wave 3 impulse. The present structure with increasing volume suggests XRP could be setting up this next surge.

Significant resistance levels lie ahead, such as the .118 Fibonacci level of $3.41 and the all-time high of $3.66. The key target area is around $4.80, where several extensions meet.

The momentum for this rally is obvious. The volume is not hesitant or slow, usually an indication of a strong rise on the upside. Traders would be waiting for a breakthrough above $3.66 to confirm a MOVE towards even higher grounds.

CasiTrades highlighted that this golden retracement support is an important point of reference in determining how strong this wave is.

Long-Term Outlook Points to Higher Targets

Analyst JAVONMARKS offered a broader perspective based on previous bull cycle patterns. He suggested that if XRP continues to mirror past cycles, the next major level could be around $9.63, representing a potential 188% gain from current prices.

Even though short-term targets stay in sharp focus around $3.41 and $4.80, the big-picture direction looks primed for a much higher rally.

With historical movement and current momentum, as well as strong support levels, XRP could be positioning for long-term rises. Market traders are now focusing keenly on the volume and pricing movement to determine whether the bullish pattern continues.