Technical analysis by LaneMcMurtrey about Symbol XRP: Buy recommendation (12/2/2024)

If you've been following the charts, you know that the 4.236 Fibonacci extension is a critical level to watch for major market tops—and XRP may be nearing this zone.Why the 4.236 Level MattersIn Fibonacci-based technical analysis, the 4.236 extension often represents a psychological and mathematical exhaustion point for bullish moves. Historically, when assets hit this level, we see:Major Profit-TakingExponential VolatilityThe Beginning of a Market ReversalFor XRP, this level is calculated based on its market cap, not just the price. The market cap hitting 4.236 is often the ultimate signal of euphoria—and also the time to prepare your exit strategy.So whats the top? About $9.4..... NFA but I won't be holding past there.