This Support Zone Will Decide XRP Next Move, Says Top Analyst

XRP’s price action has entered a defining phase, with recent movements centering around a pivotal Fibonacci retracement level. The 0.382 level, currently sitting near $2.1681, has continued to act as a focal point for consolidation, as highlighted in a recent post by crypto analyst CasiTrades (@CasiTrades).

The hourly chart shows a narrowing wedge formation, where the price repeatedly tests the retracement zone and responds with moderate volatility. This consolidation could be laying the groundwork for a decisive move.

CasiTrades noted that XRP “continues to respect the 0.382 retracement,” highlighting its significance in the current price structure. Multiple interactions with this level have not yet broken it down, implying the support remains structurally valid. The line marking this retracement has now become the short-term pivot around which bulls and bears are contesting the next move.

Resistance at $2.25 Now the Key Breakout Trigger

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The price recently tested the upper trendline, which sits slightly above the $2.20 zone, and bounced off with notable rejection. However, XRP’s structure still appears bullish in this timeframe, assuming the 0.382 retracement continues to hold.

CasiTrades recently highlighted $2.16 to $2.18 as a crucial range for XRP’s consolidation and eventual breakout, and the asset has remained above this range. From a technical standpoint, the market seems to be preparing for a potential move toward $2.25, a level that serves as the next major resistance.

XRP fell below this level in June, flipping it from support to resistance. According to the analysis, the confirmation for bullish continuation would come from a clean break above $2.25, followed by a retest of that level as support. Flipping this level back to support would signal market intent for continuation and open the door to higher Fibonacci targets.

Key targets include the 0.618 retracement level at $2.3063, aligning with prior rejection zones, and the 1.618 Fibonacci extension at $2.6826 as a potential exhaustion point. An interim resistance around $2.45 may emerge before the final move toward $2.6826, depending on momentum strength.

Momentum Indicators to Guide Next Confirmation

The RSI on the hourly chart is around 47.79 after a spike near 75, showing that momentum has cooled. Key resistance at $2.25 and $2.45 will test XRP’s strength, and CasiTrades maintains that the bullish structure is intact above the 0.382 retracement.

Experts have high expectations for XRP in July, and a break and retest of $2.25 could signal a higher move. The asset is currently trading at $2.24, attempting to break that resistance.

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