XRP is gaining some strength after months of sideways trading. The whole market is recovering this week, with XRP holding steady around $3.00 level. Analyst CasiTrades shared a new chart and said the token is setting up for a major move, with a possible run toward $4.50 if the breakout holds.
According to her daily chart, XRP has broken out of a long consolidation pattern that formed through the summer. As mentitoned, the key battle now is at the $3.00 level, which price has tapped several times in recent days. Each touch brought a slight rejection, but XRP is still pressing for a clean break higher.
CasiTrades explains that once $3.00 turns into firm support, the next key levels are $3.08 and $3.27. Both are important Fibonacci points. A decisive push through them would confirm the breakout and set up a stronger run.
XRP Price Analysis: Fibonacci Levels in Play
Her XRP chart highlights the main Fibonacci levels:
- 0.382 Fib support at $3.00 – the crucial line that needs to hold
- 1.618 extension at $3.08 – first upside checkpoint
- 2.618 extension at $3.27 – next major resistance
- 0.236 Fib resistance at $3.25 – a zone to watch for a pause or retest
Beyond these, the larger Fibonacci extensions from the entire consolidation point to $4.50 as the ultimate breakout target. The previous swing high near $3.66 would likely act as a retest area before that larger move.
CasiTrades also notes that momentum is quietly building. The daily RSI is climbing steadily and holding its own trendline as support. This shows buyers are stepping in and strength is returning after a long quiet period.
Is $4.50 Realistic?
XRP’s chart now supports a bullish outlook. A clean daily close above $3.00 and follow-through past $3.27 would open the door to $3.66 and then the $4.50 zone.
Still, traders should stay cautious. The market will need continued volume and strong sentiment to carry XRP that high in one move. If XRP fails to hold $3.00, a pullback toward $2.80–$2.70 could delay the rally.
Read also: Here’s How XRP Price Can Hit $3.60 This Week
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