Analyst: XRP Needs One Thing to Ignite the Next Wave

In her recent chart analysis, CasiTrades identified two key scenarios for XRP. The price action has so far followed the first scenario, with a sharp move toward $2.30, followed by a likely retracement to the $2.25 zone. That retracement is being watched carefully, as it could determine whether the breakout holds or stalls.

$2.25 Emerges as a Defining Support Level

CasiTrades predicted XRP’s recent climb above $2.25. The importance of this level lies in its technical relevance. It aligns with the 0.382 Fibonacci retracement level of the broader consolidation range, as well as the former resistance area from which XRP recently surged.

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According to CasiTrades, a clean retest and hold of this level would represent the entire consolidation apex, providing the strongest possible confirmation that XRP is establishing new support.

$2.25 was a crucial resistance for XRP, and if it can hold as a support, the breakout structure would be considered intact, and the move could extend significantly. CasiTrades noted that this is a critical point in the breakout, emphasizing that true strength is shown when resistance becomes support.

RSI Readings Suggest Room to Climb

Momentum indicators also appear to support the current breakout narrative. On lower timeframes, the Relative Strength Index (RSI) has not shown bearish divergence, suggesting that the recent price surge was not overextended or lacking conviction. Instead, the strength appears genuine, fueled by volume and structural support.

The RSI spiked to the high 60s but has already begun resetting. If XRP revisits $2.25 and the RSI pulls back accordingly without dipping into bearish territory, this would create favorable conditions for a renewed move upward.

Next Targets Identified Above $2.30

If the $2.25 level is validated as new support, CasiTrades projects the next major upside levels at $2.69 and $3.04. The chart also marks $2.3048 as the 0.618 retracement from a prior swing, indicating that a break above this area could trigger further acceleration.

While XRP remains below $2.30 at the time of writing, the structure of the move suggests that a bigger breakout is coming. The coming sessions will be critical as the market watches whether $2.25 can serve as the foundation for the next climb.

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