XRP continues to exhibit impressive growth, breaking through resistance despite short-term exhaustion signals.
Breaking Through Resistance
After consolidating below $2.45 for several sessions, XRP unexpectedly broke through short-term resistance with conviction. This notable breakout occurred despite technical indicators signaling exhaustion.
The Road to $2.69
Analyst CasiTrades identifies $2.69 as the next significant resistance level. This price point coincides with the 0.236 Fibonacci retracement level, which often attracts investor interest.
Two Possible Scenarios at $2.69
As XRP approaches the $2.69 level, CasiTrades outlines two potential outcomes. The first scenario involves a rejection at this level, potentially leading to a pullback to support at $2.45. The second scenario could see XRP break above $2.69 and confirm it as support for further gains.
XRP continues to defy market expectations, showing strength even in overbought conditions. The next key level at $2.69 may prove pivotal for the asset's future growth.
