XRP is currently holding firm just above the critical $3.00 level, trading around $3.19 at the time of writing. After failing to sustain momentum above the $3.21 resistance, the price retraced to retest the major $3.00 support, a level now closely watched by analysts for signs of a renewed breakout.
Among them, respected market analyst Casitrades believes XRP may be gearing up for a powerful Wave 3 rally in its ongoing Elliott Wave structure.
XRP Holds Strong at Support as Wave Structure Develops
In a recent analysis shared via X, Casitrades emphasized that XRP appears to have completed a deep Wave 2 correction, reaching an 85.4% Fibonacci retracement from the previous swing high.
🚨 XRP Tests Critical $3 Support: Is Wave 3 About to Begin? 🚨
Unfortunately, $XRP could not hold the $3.21 resistance, and ultimately has come back down to backtest the $3.00 major support.
What's promising is that we have not made a new low. Instead, it appears to have… pic.twitter.com/bVD3HAwRBN
— CasiTrades 🔥 (@CasiTrades) July 25, 2025
Importantly, the asset has not made a lower low, a positive signal suggesting the corrective phase may be over. If the $3.00 support continues to hold, this could mark the beginning of a Wave 3 impulse, traditionally the strongest and most explosive move in Elliott Wave theory.
Casitrades is now watching for a reclaim of the $3.21 resistance level. A break above this zone, especially on rising volume, would add strong confirmation that Wave 3 is underway. His analysis suggests a Wave 3 target of around $3.82, which aligns with the 2.618 Fibonacci extension and notably coincides with the all-time high (ATH) reported by multiple data sources.
Technical and Market Signals Support the Outlook
XRP’s price structure remains constructive despite recent volatility. After touching an intraday low of $3.02, the price quickly rebounded, reflecting underlying buying strength. Analysts from Binance and CoinDesk also noted the growing institutional interest and strong dip-buying behavior around the $3.00 level.
Market participants are closely monitoring volume trends as a potential catalyst. Historically, strong volume accompanying a break above a key resistance, such as $3.21, can quickly escalate into aggressive upward moves. A successful breakout could open the door for a retest of historical highs and potentially a run toward the $4.00–$6.00 range in the medium term.
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Macro Tailwinds Reinforce Bullish Sentiment
Beyond technicals, XRP continues to benefit from improving fundamentals. Regulatory pressure has eased since Ripple’s legal battle with the SEC began to wind down. Institutional interest in XRP is rising, with multiple spot ETF applications under review, and futures-based XRP products already trading.
Ripple’s broader ecosystem growth is also noteworthy. Its stablecoin, RLUSD, is gaining traction across international markets, and XRP continues to be integrated into cross-border payment networks. These developments increase XRP’s utility and token burn rate, further supporting price appreciation.
Moreover, ongoing discussions about XRP’s inclusion in a U.S. national digital asset reserve, alongside Bitcoin and Ethereum, are reinforcing investor confidence. While not yet official policy, such considerations add a significant layer of legitimacy and long-term potential to XRP’s narrative.
Casitrades’ analysis suggests that XRP may be entering a pivotal phase. If the $3.00 support holds and price climbs back above $3.21 with conviction, a Wave 3 impulse toward $3.82 and beyond could be imminent. With favorable technicals, surging institutional interest, and strong fundamental backing, XRP’s outlook appears increasingly bullish.
With the weekend approaching, market unpredictability could set the stage for a surprise breakout. All eyes now remain on the $3.21 resistance, the trigger point that could unlock XRP’s next explosive move.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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