XRP has made a strong move lately, jumping from below $2.15 to just over $2.30. That sharp breakout has caught the attention of analysts and traders alike, and now, all eyes are on one key level, $2.25.
According to a tweet by analyst CasiTrades, this is the zone to watch. If XRP price manages to hold it as new support, the path could open up for a move toward $2.69, and maybe even $3.04.
In the tweet, CasiTrades explained that the move so far is following what he called “Scenario 1”, a breakout toward $2.30, followed by a pullback to test $2.25.
She pointed out that turning old resistance into support is a classic confirmation pattern. It shows the market is still confident in the uptrend.
XRP Price Movement and Resistance Levels
The recent breakout wasn’t slow or gradual, XRP shot upward with a big green candle, it cleared previous resistance levels with ease.
XRP price touched $2.3048, which lines up with the 0.618 Fibonacci retracement level. That’s where things paused, and now the token is pulling back slightly, hovering around $2.28.
CasiTrades and many others are watching to see if XRP returns to $2.25 and holds steady there. That zone isn’t just any number.
It lines up with the .382 Fib retracement and the top of a wedge pattern XRP just broke out from. It’s where the last stretch of consolidation happened, so it makes sense that it’s a spot buyers might want to defend.
Technical Structure and Key Levels
Below $2.25, there are a few more safety nets, like $2.2027 and $2.1851, which match up with other Fib levels. But if XRP can hold $2.25, the bulls may not need to worry about those.
The XRP chart shows that $2.25 was the wedge apex, meaning it’s the logical place to test if the breakout is for real.
Source: X/CasiTrades
The breakout itself came from a falling wedge, a structure often seen before bullish moves. The price didn’t just creep out, it exploded upward. Now we’re seeing whether that was a one-time surge or the start of something bigger.
RSI and Momentum Insights
Momentum is still on XRP side, at least for now. The Relative Strength Index (RSI) surged past 68 during the breakout.
That shows strong buyer interest. What’s more, there’s no bearish divergence showing up on shorter timeframes, which usually would signal weakness.
CasiTrades mentioned that a pullback to $2.25 could also give the RSI a chance to cool off before the next leg up. If it resets and the price holds steady, that might be the fuel XRP price needs for the next breakout.
Read Also: Here’s the XRP Price If Ripple ETFs Get Approved
What Comes Next?
It all comes down to $2.25. If XRP price drops to that level and holds, then the move to $2.69 and even $3.04 stays on track. If not, it might slip back toward the $2.18–$2.16 zone and settle back into its old range.
For now, the breakout is still intact, and the structure is holding up. As long as XRP stays above that wedge and doesn’t fall back inside, the bulls are still in control. The next few candles should tell the story.
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The post Analyst Updates XRP Price Forecast Following Breakout Above $2.30 appeared first on CaptainAltcoin.
