Analyst Says XRP Price Breakout Is In Progress, Sets Price Targets for Next 24 – 48 Hours

XRP is showing strong bullish momentum after a precisely timed rebound from a key support level, with signs pointing to an ongoing breakout. According to technical analyst Casitrades, Friday’s bounce from $2.07 was no accident; it was the result of multiple technical confluences aligning to mark the end of a corrective phase. As XRP trades around $2.17 at press time, the market is now eyeing the crucial $2.25 resistance level, which could determine the next leg of the rally. A Calculated Rebound at $2.07 On June 28, XRP dipped to $2.07, a level Casitrades identified as a golden confluence zone. This key area combined the 0.618 Fibonacci retracement, the 1:1 extension of wave C, and the 0.618 extension of subwave 5. These overlapping signals are often seen in technical analysis as strong indicators of trend reversals. XRP’s sharp bounce from this zone confirmed the bottom of the correction, suggesting that wave 2 has ended and wave 3 is now underway. $2.07 Tagged. $2.25 Loading. XRP Breakout in Progress! On Friday, $XRP dipped cleanly to the $2.07 confluence zone – the golden .618 retrace, the 1:1 extension for wave C, and the .618 extension for subwave 5. I mentioned a sharp reaction from that level will confirm the… pic.twitter.com/XJfagYxIPU — CasiTrades (@CasiTrades) June 29, 2025 Since then, XRP has steadily gained upward momentum. The price is currently approaching $2.25, a macro resistance level that coincides with the 0.382 Fibonacci retracement, a level traders have been watching closely for months. A breakout above $2.25 would signal confirmation of a larger bullish move and potentially unlock higher price targets in the near term. Two Short-Term Price Paths Casitrades outlines two scenarios for XRP in the next 24 to 48 hours. In the first, XRP moves to around $2.30 before pulling back to retest $2.25 as support, an ideal and healthy setup for sustained growth. In the second scenario, the price pushes more aggressively through $2.30 and climbs toward $2.45 or even $2.69 before any significant pullback occurs. Regardless of the path, $2.25 remains the key level to flip for XRP to continue its breakout trajectory. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Legal Developments Provide Tailwind The technical momentum is further supported by critical developments in Ripple’s legal battle with the U.S. Securities and Exchange Commission. Ripple recently confirmed its readiness to withdraw its counter-appeal, and the SEC is widely expected to follow suit. This sequence of events signals that the legal case may be nearing its final resolution. Casitrades emphasizes that the timing of this legal clarity aligning with the completion of XRP’s corrective structure is no coincidence; it illustrates how technical setups often precede news-driven moves, not follow them. Breakout in Motion XRP’s rebound from $2.07 was more than just a bounce; it was a structured, high-confidence reaction from a deeply technical zone. Now, with momentum building and $2.25 directly ahead, the stage is set for XRP’s next chapter. Whether it consolidates or surges toward $2.69, the breakout appears to be in progress, and the next 48 hours could be critical. 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 Analyst Says XRP Price Breakout Is In Progress, Sets Price Targets for Next 24 – 48 Hours appeared first on Times Tabloid .

Source: TimesTabloid