TimesTabloid
2026-01-08 12:05:22

XRP Holds Key Support as Analyst Maps Path to $2.66 Target

XRP’s recent market behavior continues to validate a carefully structured technical roadmap , reinforcing confidence among traders who rely on disciplined chart analysis. Rather than signaling weakness, the current pause in momentum reflects a controlled correction within a broader bullish structure. This phase has unfolded in sync with the wider crypto market, particularly Bitcoin’s short-term cycle, suggesting coordinated market behavior rather than isolated volatility. According to crypto analyst Tara, XRP’s price action has developed exactly as anticipated within an Elliott Wave framework . She explains that the asset pushed higher into a corrective subwave B, reaching the $2.30 level, which aligns precisely with the 0.5 Fibonacci retracement. That zone acted as firm resistance, triggering a pullback that marked the transition into the final wave of the correction instead of a breakdown in trend. #XRP EXACTLY as expected. It pushed up for subwave B right to the $2.30 (.5) resistance and is now on the final wave of the correction RIGHT at the textbook .382 support at $2.18. #XRP needs to hangout here while #BTC finishes up- almost done with this short-term correction. The… pic.twitter.com/1I0BwSJaWA — TARA (@PrecisionTrade3) January 7, 2026 Key Support Holds at a Textbook Fibonacci Level After rejecting $2.30, XRP retraced into a critical support region near $2.18. Tara identifies this level as the 0.382 Fibonacci retracement, a zone that often acts as a stabilizing point in healthy corrective structures. XRP’s ability to hold this level reinforces the view that the market remains constructive rather than fragile. She stresses that XRP does not need to rush higher from this area. Instead, price consolidation around $2.18 allows the structure to mature while Bitcoin completes its own short-term corrective move. In her assessment, Bitcoin appears close to finishing this phase, which could soon provide tailwinds for XRP and the broader altcoin market. Updated Wave Targets Signal Higher Levels Ahead With the correction low now defined, Tara recalculated XRP’s next upside objective. She places the projected subwave 5 peak near $2.58, a level derived from current wave measurements. This target sits comfortably within the previously established resistance range between $2.49 and $2.66, an area where XRP traded before the correction took shape. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 This zone carries added significance because a move into it would complete five full waves of the current structure. Tara explains that this completion would mark the end of the corrective sequence and confirm the first impulsive wave of a new trend. In classical Elliott Wave theory, such transitions often precede broader continuation moves rather than short-lived rallies. Market Structure Remains Firm and Orderly XRP’s broader structure continues to reflect balance and control. Price respects key Fibonacci levels, volatility remains measured, and the correction shows proportional depth rather than emotional selling. These characteristics typically appear during market resets, not trend reversals. As long as XRP maintains support near $2.18 and Bitcoin finalizes its corrective phase, the technical outlook remains intact. Traders now look for renewed momentum and volume expansion to confirm the next leg higher as XRP positions itself for a potential continuation of its emerging trend. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post XRP Holds Key Support as Analyst Maps Path to $2.66 Target appeared first on Times Tabloid .

Crypto 뉴스 레터 받기
면책 조항 읽기 : 본 웹 사이트, 하이퍼 링크 사이트, 관련 응용 프로그램, 포럼, 블로그, 소셜 미디어 계정 및 기타 플랫폼 (이하 "사이트")에 제공된 모든 콘텐츠는 제 3 자 출처에서 구입 한 일반적인 정보 용입니다. 우리는 정확성과 업데이트 성을 포함하여 우리의 콘텐츠와 관련하여 어떠한 종류의 보증도하지 않습니다. 우리가 제공하는 컨텐츠의 어떤 부분도 금융 조언, 법률 자문 또는 기타 용도에 대한 귀하의 특정 신뢰를위한 다른 형태의 조언을 구성하지 않습니다. 당사 콘텐츠의 사용 또는 의존은 전적으로 귀하의 책임과 재량에 달려 있습니다. 당신은 그들에게 의존하기 전에 우리 자신의 연구를 수행하고, 검토하고, 분석하고, 검증해야합니다. 거래는 큰 손실로 이어질 수있는 매우 위험한 활동이므로 결정을 내리기 전에 재무 고문에게 문의하십시오. 본 사이트의 어떠한 콘텐츠도 모집 또는 제공을 목적으로하지 않습니다.