Analyst CasiTrades points to a potential breakout for XRP, based on the current price structure and technical signals. He believes the token may soon surpass key resistance levels.
Reclaiming a Critical Level
XRP is currently hovering just below $2.30, brushing up against local resistance. More importantly, it has reclaimed the $2.25 level, which serves as a crucial technical marker. This zone represents the 0.382 Fibonacci retracement on the macro timeframe, demonstrating a key point in the token's movement.
Bullish Structure Confirmed
From a structural standpoint, XRP has now formed multiple higher lows—a classic indicator of bullish strength. This ascending pattern reflects increasing buyer confidence and tightening price action. CasiTrades anticipates a swift crossing of the $2.69 and $3.04 levels, given sustained momentum.
Market Sentiment and Volume Trends
Beyond the charts, market dynamics are also favoring XRP. The token has shown significant resilience during uncertain times and has become a leader in trading volume in South Korea, indicating real demand supporting the current rally.
Overall, the structural momentum, bullish sentiment, and strong trading volume create favorable conditions for XRP. A breakout above $2.30 may signal a thrust towards higher levels.
