Ripple’s XRP is starting to catch analysts’ attention again as it holds steady above a key support zone and shows signs of fresh momentum. Buyers are defending a major Fibonacci retracement level, and the hourly chart is shaping up for what looks like a potential continuation.
One of the more notable takes comes from prominent analyst CasiTrades, who shared a breakdown of XRP price setup and where it might be headed next.
Right now, XRP is consolidating above the 0.382 Fibonacci retracement level, sitting around $2.168. This area has been tested multiple times, and every bounce is reinforcing its importance. CasiTrades calls it the “apex of consolidation”, basically, the level where the market keeps coming back to.
Just above that support, XRP price is running into resistance around $2.25.If price can break above it and then successfully retest it as support, it may be an indication of a shift in market structure. The next target would then be the 0.618 Fib zone at about $2.306, with room for further upside if momentum continues.
Trendlines and XRP Price Key Resistance Zones
The XRP chart includes a symmetrical wedge that appears to have broken to the upside, with price currently retesting the upper boundary. The $2.25 area has served as short-term resistance after a recent rejection from that level. Being able to support the $2.168 area and retake $2.25 may open the door for a stronger push higher.
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Further upside targets are also viewed around the $2.45 region and higher, with the 1.618 Fibonacci extension located at around $2.69. These levels are significant zones where the XRP price can encounter new resistance if momentum is sustained.
In addition, the RSI is holding around 47.74. This reading suggests a neutral position, following a cooling-off period from earlier peaks above 70. The analyst notes that RSI performance at resistance levels will be critical for judging trend strength and potential exhaustion.
Analyst Perspective and XRP Price Outlook
CasiTrades believes XRP bullish structure remains intact as long as the asset holds above the 0.382 support. The post outlines a scenario where the XRP price breaks above $2.25, confirms the level as support, and builds momentum toward a new wave higher.
The analyst’s forecast also mentions a potential for exhaustion near upper resistance levels if price approaches the extended targets.
Market participants will likely be watching closely for confirmation of a structure flip, particularly if RSI begins to climb again alongside volume. Until then, the focus remains on whether XRP price can hold its support and challenge the key breakout level.
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