XRP Faces Short-term Downturn as This Crucial Level Flips to Resistance

XRP recently breached a significant support level at $2.25 and has now confirmed it as resistance upon retesting. The development marks a meaningful structural shift in the current trend. According to technical analyst CasiTrades (@CasiTrades), this backtest could be a prelude to further downside movement. The chart indicates a failed attempt to reclaim $2.25. Following the breakdown, price action rebounded slightly on the back of a lower-time frame bullish divergence. This brief rally, however, encountered rejection at the former support zone, which has now flipped to resistance. The price was $2.239 at the time of her analysis, unable to break convincingly above the new ceiling. It has fallen since then and is currently trading at $2.17. Quick #XRP Update – Backtest Occurs After $2.25 Break! The $2.25 support officially broke and when backtested, it’s now showing signs of resistance. That’s a key shift in structure, and it makes the deeper support levels even more likely to get tested. The slight dip… pic.twitter.com/M7e5BJHWbZ — CasiTrades (@CasiTrades) June 12, 2025 Support Levels to Watch While other analysts have maintained a bullish outlook , CasiTrades expects a short-term downturn. The current market structure suggests XRP is approaching a key inflection point, and the analyst recently revealed that the market is out of time and XRP must decide on a direction. The chart highlights a converging triangle pattern, with XRP nearing the apex. A breakdown from this tightening range would likely send the asset’s price toward lower support zones. The next significant support levels lie at $2.01 and $1.90, with further potential downside toward $1.55. The Fibonacci target of 1.236 is marked at $2.0200, reinforcing the importance of the $2.01–$2.02 zone as a probable landing point should the downward pressure persist. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Momentum Divergence and RSI Pressure The relative strength index (RSI) is also approaching a wedge-shaped breakout zone. The RSI has been forming lower highs while maintaining a horizontal base; a breakout or rejection here will likely coincide with a directional price move. RSI currently hovers near the neutral 50 mark, and momentum has not reclaimed higher ground despite the earlier bullish divergence. Unless a divergence forms on higher timeframes, the rejection at $2.25 could intensify. XRP’s Next Direction With time running out before the price reaches the convergence point, XRP is poised for a decisive move. If the $2.25 level continues to act as resistance, the bearish case strengthens, particularly given the unfulfilled Fibonacci levels and the visible bearish retest pattern. Although she suggests a short-term downturn, CasiTrades noted that “this is likely a final support touch before a major breakout.” Another well-known analyst recently predicted a notable 725% rally for the digital asset, and XRP’s tightening Bollinger Bands suggest that the asset could experience a sharp rebound, invalidating the bearish move and potentially targeting new highs. 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 advised to conduct thorough 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 Faces Short-term Downturn as This Crucial Level Flips to Resistance appeared first on Times Tabloid .

Source: TimesTabloid