Fun

Wave 3 Ignites As XRP Breaks Structure—Analyst Says ‘Fireworks Ahead’

News Feed - 2025-06-30 08:06:51

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.


Hours after Ripple Labs said it would abandon its long-running appeal in its securities case with the US Securities and Exchange Commission, watched market technician CasiTrades (@CasiTrades) on X argued that XRP’s price structure has already completed its corrective phase and is “now wave 3 in motion.”


The pseudonymous trader described how Friday’s slide to $2.07 had “tagged” three separate Fibonacci confluence markers—the 0.618 retracement of the March-to-May rally, a 1:1 equality projection for wave C of the prior correction, and a 0.618 extension of sub-wave 5. “The market snapped upward from that exact price,” she observed, before adding: “$2.07 tagged. $2.25 loading. XRP breakout in progress!” XRP price analysis | Source: X @CasiTrades XRP Enters Wave 3


By midday in Europe on Monday XRP was changing hands at $2.19, roughly 4% above Friday’s close and 8.5% higher than a week ago.


That recovery has carried the token to the edge of the next “major test” cited by CasiTrades: the long-monitored $2.25 zone, which she notes coincides with the 0.382 Fibonacci retracement measured from XRP’s 2021 swing high. In classical Elliott Wave analysis, a decisive breach and subsequent retest of that level would validate the start of a powerful third wave, the phase in which momentum typically accelerates and sentiment flips decisively bullish. Related Reading XRP Down 3% After SEC Settlement Stalls, But Social Media Turns Bullish 2 days ago


CasiTrades outlined two near-term paths: either a brief thrust to $2.30 followed by a healthy back-test of $2.25, or a more explosive extension toward $2.45–2.69 before any significant pull-back.


“From here, I’m watching two key scenarios short-term: 1) A move into $2.30, then a pullback to backtest $2.25 as support. This would be ideal and healthy. 2) Or, price pushes harder through to ~$2.45, closer toward $2.69 resistance. Has a small pullback, before touching $2.69 with resistance. In this plan, a backtest of $2.25 later would be expected,” Casi writes via X.


In either scenario, she argues, the structural message is the same: “Flipping that level opens the door for the next full breakout… once these local resistances are out of the way → fireworks.”


The technical argument lands at a moment when a key fundamental overhang appears to be fading. On June 27 Ripple chief executive Brad Garlinghouse announced that the company will withdraw the cross-appeal it filed last year contesting parts of Judge Analisa Torres’s split decision on XRP sales. “We’re closing this chapter once and for all,” Garlinghouse wrote on X, adding that the SEC “was also expected to drop its appeal.” The move came one day after Torres rejected a joint request from both parties to shrink Ripple’s civil penalty to $50 million and dissolve her permanent injunction. Related Reading XRP Bulls On Alert—’This Trendline Is Everything,’ Says Analyst 4 days ago


That backdrop helps explain why the Fibonacci “golden-ratio” bounce at $2.07 drew such an emphatic response. But for now, the market’s focal point is whether XRP can turn the $2.25 shelf from resistance into support. If it does, the next cluster of historical supply sits between $2.60 and $2.70—the area that capped rallies in December 2021 and March 2022. A break beyond that zone would leave little chart resistance before psychological milestones at $3.00 and the all-time closing high near $3.40 set in January 2018.


Even so, technicians caution that Elliott Wave targets remain probabilistic, not predictive certainties, and that any new macro-regulatory twist could reset the calculus. Friday’s ruling also left Ripple’s injunction intact, meaning the company must still navigate a compliance regime that did not exist when the lawsuit began in 2020. Whether those realities temper the exuberance around wave 3 remains to be seen.


In CasiTrades’ words, however, timing is everything: “This is exactly why we rely on TA. The charts help us spot setups before the news hits. News hits harder after price has positioned.” For a market that has waited more than four years to see its signature legal saga reach closure, traders appear ready to test that maxim on the road to $2.25—and beyond.


At press time, XRP traded at $2.19. XRP price, 1-day chart | Source: XRPUSDT on TradingView.com Featured image created with DALL.E, chart from TradingView.com

News Feed

Report: Crypto Exchange Gemini Suffers From Data Breach, 5.7 Million Emails Allegedly Leaked
Report: Crypto Exchange Gemini Suffers From Data Breach, 5.7 Million Emails Allegedly Leaked According to a recent report, the cryptocurrency exchange Gemini suffered from a breach
Bitcoin, Ethereum Technical Analysis: BTC Drops Below $29,000 to Start the Weekend
Bitcoin, Ethereum Technical Analysis: BTC Drops Below $29,000 to Start the Weekend Bitcoin bears re-entered the marketplace on Saturday, as prices moved closer to a multi-week low
Bitcoin, Ethereum Technical Analysis: ETH Hits 3-Week Low as Bearish Momentum Increases Following The Merge
Bitcoin, Ethereum Technical Analysis: ETH Hits 3-Week Low as Bearish Momentum Increases Following The Merge Ethereum moved to a three-week low on Friday, as market sentiment remain
Fox News Report Highlights Bitcoin Cash Proponent’s Modern Day Scavenger Hunt
Fox News Report Highlights Bitcoin Cash Proponent"s Modern Day Scavenger Hunt The anonymous Bitcoin Cash proponent called, ‘Bitcoin Man,’ has made th
Marcel Pechman2 hours agoBitcoin traders’ bullish bias holds firm even as BTC price dips to $37KBTC’s correction reveals a disconnect between pro traders’ confidence and retail investors’ skepticism amid regulato
OKX exchange exiting Nigeria due to regulatory concerns
Vince Quill2 hours agoOKX exchange exiting Nigeria due to regulatory concernsThough the announcement came as a surprise to many users, OKX has been winding down features in the Nigerian market for months.644 Total viewsL
Amaka Nwaokocha12 hours agoNigeria and UK foundation launch Code Clubs for digital literacyNigeria’s communication ministry said the Code Clubs will introduce young participants to coding and digital technology and enc
Australia tries again to combat ‘future sectors’ crypto scams
Arijit Sarkar2 hours agoAustralia tries again to combat ‘future sectors’ crypto scamsThe “Proposed Scams Code Framework” consultation paper aims to delegate clear roles and responsibilities to government and priv
FTX Debtors Seek Dismissal of Turkish Entities in Chapter 11 Bankruptcy Proceedings
FTX Debtors Seek Dismissal of Turkish Entities in Chapter 11 Bankruptcy Proceedings FTX debtors have filed a motion with the court requesting to dismiss its Turkish subsidiaries fr
EverRise Brings Buyback Token and Ecosystem of dApps to Polygon and Ethereum
EverRise Brings Buyback Token and Ecosystem of dApps to Polygon and Ethereum press release PRESS RELEASE. Singapore, September 30, 2021. Less than three weeks after releasing its fi
Dogecoin Bollinger Bands Tighten On 12H Chart Hinting At Imminent Price Move – Insights
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
World’s Largest Asset Manager Blackrock Launches Bitcoin Private Trust Citing ‘Substantial Interest’ From Clients
World"s Largest Asset Manager Blackrock Launches Bitcoin Private Trust Citing "Substantial Interest" From Clients The world’s largest asset manager, Blackrock, has launched