XRP Is Defying Exhaustion, Analyst Sets Next Target
2025-07-11 07:02:43
Main Idea
Analyst CasiTrades suggests that XRP is showing strong bullish momentum with a next target of $2.69, defying typical exhaustion signals and maintaining key support levels.
Key Points
1. XRP has invalidated bearish divergences and broken out, signaling potential for a larger rally.
2. The next key resistance level is $2.69, aligned with the 0.236 Fibonacci retracement level.
3. Two scenarios are possible at $2.69: a pullback to $2.45 or a breakout leading to further gains toward $3.00.
4. Higher timeframes remain supportive with bullish indicators like RSI and MACD showing positive momentum.
5. The $2.45 support level is critical for maintaining the bullish trend.
Description
XRP is showing impressive strength once again , pushing higher despite signals of short-term exhaustion. According to respected market analyst CasiTrades, XRP has invalidated multiple bearish divergences, especially on the 1-hour chart, and successfully broken out. This kind of move typically signals that a much larger rally may be underway. The next key level to watch is $2.69, which aligns with the macro 0.236 Fibonacci retracement. Breaking Through Resistance with Force After consolidating be...
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