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. XRP’s journey toward a new all-time high is shaping up with remarkable precision. After weeks of steady accumulationand shallow pullbacks, the chart is finally coming alive, and momentum is building fast. From key Fibonacci retracements to breakouts, everything is aligning for what could be XRP’s most exciting move yet. Here’s how it’s unfolding. Shallow Pullbacks Signal Strength In XRP’s Bullish Structure
Crypto Analyst CasiTrades revealedthat XRP’s price pulled back to $2.85, which aligns with the 0.236 fib retracement level. This minor pullbackfollows a strong upward trend and suggests that the market may be cooling off before its next move higher. Related Reading XRP Becomes Top 3 Crypto After ProShares ETF Approval, Can It Flip ETH? 1 day ago
According to the analyst, XRP “continues to hold bullishretrace levels, like .118 + .236.” CasiTrades stated that this is exactly what we want to see in bullish continuation, pointing to the shallow retracements as a sign of strength. The ability of XRP to maintain these support levels indicates that bulls remain in control and that momentum may soon return. Source: CasiTrades on X
XRP is once again targeting a key level. As the analyst noted, “Now, XRP is making its way toward $3.04 again, the next macro resistance level.” This level represents a significant barrier, and reclaiming it could define the trajectory of the next major move. CasiTrades highlighted the potential for a breakout, saying that flipping this into support is the final major hurdle before entering price discovery, which could send XRP into uncharted territory. Hourly Trendline Offers Clear Roadmap For XRP’s Next Move
CasiTrades went on to state that there’s a strong trendlineforming on the hourly chart, a structure that’s proving valuable in monitoring support, resistance, and timing. This trendline is shaping market expectations and offers a technical roadmap for potential short-term movements. Related Reading XRP Price Eyes Fresh Gains: Traders Bullish After Momentum Spike 1 day ago
Using this framework, the analystsuggests that “we should see a breakout to $3.18 today,” identifying it as a key resistance level across multiple timeframes. If confirmed, this projected move would be an incredibly bullish signal, hinting at renewed strength behind XRP’s price action.
However, in the event of a rejection at $3.18, CasiTrades notes that a back-test of $3.04 fib could follow. Based on the current trendline’s trajectory, this could happen through Friday, allowing for a potential pullback before a significant rally.
“Playing out the way I’ve described would be a strong signal that the marketis ready to accelerate,” the analyst concluded. Should buying pressure persist and technical conditions align, XRP could begin a vertical expansion very soon, suggesting that a parabolic move may not be far off. XRP trading at $3.25 on the 1D chart | Source: BTCUSDT on Tradingview.com Featured image from Adobe Stock, chart from Tradingview.com