The analysis reviews XRP's recent breakout above the 0.618 Fibonacci retracement level. Support is estimated around $2.88, which is the 0.786 retracement level. As long as the price holds above $2.88 to $2.90, the outlook is considered bullish. If XRP falls below $2.88, a move down to $2.50 becomes more probable, still maintaining a potentially bullish scenario as it would represent a backtest of the 0.618 retracement. A drop below $2.50 would be deemed extremely bearish. Upside targets could be around $4.15 or as high as $4.60, and even potentially $5.00. The entire analysis depends on maintaining the $2.88 and $2.56 levels as support; otherwise, XRP would be officially bearish.