XRP’s Perfect Support Test Hints at a Potential Breakout Ahead

XRP was one of the top crypto assets that suffered massive declines at the beginning of this ￰0￱ attempt to reach $3 on Thursday was quickly thwarted by the ￰1￱ the token trades at $2.82, a perfect Fibonacci bounce is now teasing a new uptrend. XRP’s Flawless Fibonacci Play XRP delivered a textbook technical move this week, as it perfectly backtested the critical $2.79 support ￰2￱ to crypto analyst ‘CasiTrades,’ this is a key zone where bullish momentum was expected to ￰3￱ a recent post, she highlighted that the macro 0.5 Fibonacci retracement continues to hold as a major floor during the ongoing correction. However, the market’s path remains ￰4￱ invalidate the need for a deeper pullback, XRP must break and climb above $2.97 to align itself with the 0.854 retracement and the bottom of Wave 1.

A stronger confirmation of a new uptrend would come only if the crypto asset flips the macro 0.382 level at $3 into solid ￰5￱ failure to reclaim these levels could invite another retest of $2.79 or even a deeper slide toward $2.58, the 0.618 ￰6￱ added, “We need to be watching these levels closely on the RSI for any signs of exhaustion!” CasiTrades had recently weighed in on XRP experiencing high volatility after a dramatic wick down to a double bottom near $2.70, which marked the end of its latest consolidation ￰7￱ moves like this are commonly interpreted as the first indications of a larger trend reversal, assuming crucial support remains ￰8￱ analyst observed that the sudden dip was likely driven by over-leveraged traders rather than a fundamental shift in market ￰9￱ the sell-off, XRP quickly reclaimed the macro 0.5 Fibonacci retracement at $2.79, where candles have consistently held ￰10￱ Setup Predicts Liftoff A bold new analysis on XRP points to a familiar yet powerful setup that has historically marked the beginning of explosive ￰11￱ to another analyst, XRP often forms an ascending channel during the final phase of each cycle, a pattern that represents quiet accumulation before ￰12￱ research shows such channels break down 57% of the time, XRP’s history tells a different story after having defied the odds in both 2017 and ￰13￱ Bull Market Support Band (BMSB) has come into play as a safeguard, and the analyst explained that as long as weekly closes remain above it, the bullish structure stays ￰14￱ past cycles, XRP broke the top of its channel, retested briefly, and then launched to new all-time highs, eventually delivering gains of 350% in 2017 and 110% in ￰15￱ this pattern repeats, projections point to a whopping upside of $15-$33 by late 2025.