XRP Holds Above Crucial Level: Analyst Says Fresh Test Looks Likely

Popular crypto analyst CasiTrades (@CasiTrades) recently shared an in-depth analysis of XRP’s current market structure, noting the asset’s behavior at a critical inflection point. According to her post, XRP continues to demonstrate relative strength as it maintains support above the $2.25 level (Fib. 0.382). CasiTrades emphasized the importance of this level, describing the asset reclaiming it as a bullish sign in the ongoing attempt to transition out of a corrective market structure. The weekly chart shows that the asset held above the macro 0.5 retracement level at $1.90 during the correction, further supporting the belief that its broader structure remains intact unless a breakdown occurs below this level. XRP Holding $2.25 — But Another Test Looks Likely Zooming out to macro, #XRP continues to hold strong within bullish correction territory. The macro .5 retracement at $1.90 was cleanly respected, and it was able to reclaim the major .382 level at $2.25, this is a bullish… pic.twitter.com/74qL3cicg9 — CasiTrades (@CasiTrades) May 21, 2025 Resistance Level and Short-Term Consolidation While the macro outlook shows optimism, the short-term view suggests that the asset is stuck in a consolidation phase. As illustrated in the 15-minute chart provided by CasiTrades, XRP is currently forming a symmetrical triangle , a common pattern that often precedes volatility. The upper trendline resistance converges around the $2.375 mark, a level that has capped price advances in recent sessions. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 CasiTrades notes that XRP’s price is pressing against this resistance. The most recent bounce off $2.25 did not produce a breakout. However, she is closely watching the current price trajectory to determine whether the asset can generate enough momentum to invalidate the bearish macro C wave scenario. Until a new high is confirmed, the possibility of a retest of the $2.25 support remains valid. Expectations of the Macro Scenario XRP’s inability to break through the $2.69 resistance, which corresponds to the 0.236 Fib. The retracement has left the bearish C wave scenario on the table. According to CasiTrades, “a new high still hasn’t been made,” meaning that the potential corrective target of around $1.50 cannot be dismissed yet. The lower support area between the 0.618 and 0.65 retracements ($1.45–$1.54) continues to act as the final line of defense should current support levels fail. Despite the potential bearish downturn, analysts are confident that a major move is coming, with one analyst recently pointing to the potential for a 580% rally . From a momentum standpoint, the weekly RSI has begun to turn upward, with the RSI line nearing a cross above its moving average. While this suggests improving momentum, it is not yet definitive. Experts see XRP as an amazing opportunity , and a confirmed breakout above recent highs, ideally above the $2.69 region, would shift the structure firmly in a bullish direction and invalidate the C wave scenario. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post XRP Holds Above Crucial Level: Analyst Says Fresh Test Looks Likely appeared first on Times Tabloid .

Source: TimesTabloid