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...
Latest News
- Analyst Says XRP Will Print a Big Breakout to $3 Once This Hurdle Is Resolved2025-07-11 16:03:58
- Veteran Trader Peter Brandt Says XRP Is Possibly Set to Blast Off2025-07-11 15:17:21
- Trader Says XRP Pump to $10 Will Be the Most Hated Pump of All Time. Here’s Why2025-07-11 14:33:29
- XRP Army Mocks Elizabeth Warren After Making This Statement2025-07-11 14:18:18
- Taking Off: Why Aviator Is the Fastest-Rising Game in Online Casinos2025-07-11 13:16:11