Bitprismia

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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$XRP
$2.7549
+11.34%
$OP
$0.6854
+13.78%