XRP Analysts Maintain Bullish Outlook. Here’s What They Sighted

XRP continues to attract close attention from market analysts, with technical assessments pointing to the potential for a significant upward movement . The digital asset, which has recently fluctuated within a narrow price range, is currently being analyzed using various tools, including Elliott Wave theory and momentum indicators. Price Activity and Resistance Zones Between April 16 and April 22, XRP’s price remained confined within a tight band, fluctuating between $2.04 and $2.18. Notably, on April 21, the token briefly surged to $2.14 before retreating to the $2.07 range. This choppy performance has kept analysts focused on whether the asset is preparing for a larger price move. One of the voices tracking XRP’s trend is technical analyst Casi Trades, who has evaluated the asset’s movements using Elliott Wave theory. Casi identifies the current phase as Wave 2—a corrective phase that typically follows a bullish Wave 1. This phase is marked by a retracement before a potential breakout into Wave 3, which in Elliott Wave cycles is often characterized by strong upward momentum. XRP’s Setup Has Not Changed – But the Clock Is Ticking We’re still in the same range. No new highs. No new lows. XRP attempted a breakout alongside #BTC but stalled at the 0.618 retracement, which a common level for exhaustion. The rejection came fast, and now momentum is… pic.twitter.com/Yrp0ibhNs1 — CasiTrades (@CasiTrades) April 21, 2025 Support Levels and Fibonacci Resistance Casi’s latest analysis indicates that XRP faced resistance at the 0.618 Fibonacci retracement level, slightly above the $2.10 mark. This level, often seen as a barrier in bullish trends, appears to have triggered a temporary rejection. In mid-April, XRP completed what Casi refers to as an ABC corrective pattern, reaching as high as $2.25. She suggests that the next impulsive wave (Wave 3) could be forming, provided the token maintains key support levels. Two critical support zones have been outlined at $1.90 and $1.55. According to Casi, a sustained position above these levels would significantly increase the likelihood of a breakout. Her April 17 forecast provided upside targets, including $6.50 at the 1.618 Fibonacci extension, $9.50 at the 2.618 extension, and potentially over $12 at the 3.618 level. Momentum Indicators Signal Waning Strength In addition to wave-based analysis, Casi utilizes momentum metrics such as the Relative Strength Index (RSI) to gauge XRP’s trajectory. The current RSI reading stands at 39.92, placing it in a neutral zone, neither oversold nor overbought. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 However, the presence of a bearish divergence, where price remains steady or slightly higher while RSI trends downward, may suggest weakening bullish strength. Despite this, the overall structure still supports the possibility of an upcoming breakout if current supports hold. Historical Patterns Fuel Further Optimism Adding to the analysis, a second market watcher known as Papa draws comparisons between XRP’s present pattern and its historical behavior during the 2017 bull market. Papa notes that in late 2017, XRP formed a symmetrical triangle that preceded a sharp rally. From an initial surge of over 7,800% to $0.39, the token then consolidated before launching another rally to its all-time high of $3.31 in January 2018. Papa believes the asset is now showing similar behavior, although within a parallel channel rather than a triangle. After a steep climb from $0.50 in November 2024 to $3.39 in January 2025, XRP has pulled back by approximately 39%. He maintains that breaking the $3 resistance level could set the stage for a strong upward movement, with projections as high as $14 if momentum aligns. While technical indicators present a mixed picture, analysts remain largely optimistic about XRP’s mid- to long-term potential. Key support levels, Fibonacci targets, and historical parallels all contribute to the prevailing view that the digital asset could be on the verge of a significant breakout, pending confirmation from future price movements. 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 Twitter , Facebook , Telegram , and Google News The post XRP Analysts Maintain Bullish Outlook. Here’s What They Sighted appeared first on Times Tabloid .

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