XRP has reached a pivotal moment, testing the $2.17 resistance level after rebounding from recent lows. Crypto analyst CasiTrades (@CasiTrades) identified this price as one of the most important of the week, stating that it “must reclaim for momentum to build.”
If the digital asset successfully turns this level into support, it could trigger a strong upward move. However, failure to break through may result in a pullback toward lower levels.
XRP Decision Time at $2.17
XRP is showing strength with a bounce right back to our first key test at $2.17!
This is the resistance level we want to see flip into support, it might just be the most important price of the week.
So what now?
•We're watching $2.17 – Must… pic.twitter.com/U0zm7hLaAM— CasiTrades
(@CasiTrades) April 1, 2025
At the time of her analysis, the asset traded at $2.149, reflecting a 0.78% 24-hour increase. This price movement aligns with Fibonacci retracement levels, reinforcing the importance of the $2.17 mark.
The level coincides with the 0.618 Fibonacci retracement, a historically significant point for trend reversals and breakout confirmations. Traders will watch for a decisive move that confirms or rejects this resistance.
Possible Scenarios for XRP
If XRP fails to hold above $2.17, it could retest $2. This level is key support and could be a base for another attempt at higher prices. On the other hand, a successful breakout above $2.17 with strong momentum could set the stage for further gains.
Major resistance levels above this point include $2.70, $3.05, and $3.80. These levels have been identified as significant barriers that XRP must overcome to confirm a bullish trend continuation.
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CasiTrades noted that the asset’s Relative Strength Index (RSI) has confirmed a bullish divergence that precedes upward price movements. Other well-respected analysts have also pointed toward bullish technical formations on the chart, making a breakout a strong possibility.
Fibonacci Time Zone Analysis and Market Outlook
Additionally, Fibonacci time zone analysis indicates that April could be crucial for XRP’s next major rally. CasiTrades emphasized that XRP has entered Fibonacci Time Zone 3, a period that could signal a crucial price shift.
Notably, another analyst recently predicted a 70% surge in April, and the price action outlined by CasiTrades is aligning with the expected subwave structure, suggesting that the asset may be approaching a confirmed Wave 3 move. If the asset clears $2.7 in the near term, it could validate this Elliott Wave count and reinforce the bullish scenario.
In a follow-up post, CasiTrades noted that the digital asset has tested the $2.17 level but has dropped slightly, now trading at $2.15. CasiTrades jokingly predicted a move toward $1,000, and while many market participants are bullish, crossing $2.17 is the most crucial factor determining the asset’s immediate future.
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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