Summary: What’s Next For XRP After Crashing Below $3? Analyst Answers

# XRP Eyeing Major Rebound After Hitting Critical Support, Analysts Say
Despite a recent dip below the $3 mark, XRP is showing strong signs of a potential bullish resurgence. A swift bounce from a key Fibonacci retracement level at $2.96 suggests that the cryptocurrency may have completed its corrective phase, paving the way for substantial gains in the near future.
### XRP Holds Strong at $2.96 Support
XRP's recent price action saw it drop to the 0.382 Fibonacci retracement level at $2.96, a critical support zone. Following this dip, the price quickly reversed from $2.94 to reclaim $2.96, a classic indicator of a market finding its bottom. Adding further weight to this bullish outlook, the Relative Strength Index (RSI) exhibited a bullish divergence on both 15-minute and 1-hour charts. This divergence, where price makes lower lows but RSI makes higher lows, signals a shift in momentum towards buyers and confirms that XRP's correction may indeed be over.
### Bullish Outlook and Upside Targets Emerge
Market analyst Casi Trades reinforces this optimistic view, indicating that XRP’s current stability around the $2.96 support is a positive sign. While the price might consolidate or retest this level, its ability to hold strong is crucial. Analysts anticipate large-cap cryptocurrencies, including XRP, to lead the next wave of gains. With the support confirmed, attention now shifts to upside targets, with $4.80 being the most critical immediate objective. Should conditions remain favorable, momentum could push XRP even higher, signifying a substantial move after its recent downturn.