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XRP Price Flashes Bullish Continuation Signals — Why A Surge Above $3 Is Possible

2025-07-09 20:10:01

Main Idea

The article discusses XRP's potential price surge, with a crypto analyst predicting a breakout above $3 based on technical analysis and Elliott Wave Theory, followed by a possible 40% correction.

Key Points

1. CasiTrades, a crypto analyst, predicts XRP could surge beyond $3 in a Wave 3 rally, based on technical analysis and Elliott Wave Theory.

2. XRP is testing key resistance levels, with potential Fibonacci targets at $2.69 and $3.04, supported by an upward-trending RSI.

3. The Wave 3 rally is expected to be followed by a Wave 4 correction, potentially causing a 40% decline from the peak.

4. A key Fibonacci convergence in late July may mark the top of Wave 3 and the start of the Wave 4 decline.

5. XRP's current price is around $2.33, with analysts highlighting its independent bullish momentum without reliance on Bitcoin's performance.

Description

The XRP price is once again capturing the attention of the market as it reclaims critical support levels and flashes a textbook breakout structure. With momentum building and bullish continuation signals aligning, analysts say the groundwork may be in place for a powerful Wave 3 surge —one that could send XRP soaring beyond the $3 mark. XRP Price Eyes Explosive Wave 3 Rally In a rather detailed X (formerly Twitter) post on July 7, CasiTrades, a prominent crypto analyst and trader, shared new ins...

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Tags:
XRP CasiTrades elliott wave theory Fibonacci Convergence relative strength index RSI Symmetrical Triangle Structure XRP news XRP price XRPUSD XRPUSDT
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