XRP briefly dipped below $2.25 after hitting a local high of $2.30, but bullish momentum may still be intact as the token rebounded off the $2.16–$2.18 zone—a level analysts view as crucial for the next leg up.
Over the past week, XRP climbed steadily from $1.93 to challenge its recent resistance at $2.33. The latest pullback raised questions about trend exhaustion, yet analyst CasiTrades says the price is still in a healthy range, retesting former resistance as new support—a textbook move after a breakout.
According to her analysis, this zone coincides with the top of a consolidation range and the 0.382 Fibonacci level, making it an ideal area for buyers to step in. Holding this support could set XRP on course toward $2.69 and potentially $3.04 in the next wave.
One bullish signal is the divergence seen in XRP’s RSI, hinting at fading selling pressure. The asset’s quick recovery to $2.27 also shows that bulls are attempting to reclaim $2.25—an important level for short-term trend confirmation.
Still, if XRP slips below $2.16, the setup could break down, opening the door to a fall back toward $1.90. For now, all eyes are on whether buyers can maintain strength and push above $2.30.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/market/xrp-eyes-3-after-bouncing-from-key-support/