XRPUSD – Bulls regain momentum as pullback finds solid support around the \$3.00 area

XRPUSD climbed to a five-day high on Monday, extending its rebound for a third consecutive session. The latest advance pierced the 50% Fibonacci retracement of the \$3.6522–\$2.9525 pullback, strengthening signals that the correction may be complete.

Strong support around the \$3.00 zone—evidenced by repeated rejections and the formation of a bear-trap pattern—triggered a solid bounce, suggesting renewed bullish momentum and reinforcing the view of a healthy correction. Notably, the pullback was contained near the 38.2% Fibonacci level of the broader \$1.9080–\$3.6653 rally, supporting the continuation of the larger uptrend.

Daily technical indicators remain mostly bullish, favoring further gains. However, a clear break above \$3.3025 (the 50% retracement and daily Tenkan-sen) is needed to confirm the bullish signal and open the path for extended recovery.

Res: 3.3024; 3.3308; 3.3849; 3.4227
Sup: 3.1887; 3.1176; 3.0941; 3.0690