1. XRP Tests $2.05 as Analyst Calls for Breakout Rally
A respected crypto analyst, CryptoDeviant, has issued a bullish call on $XRP , noting that the asset is showing strength as it retests the $2.05 level—a key threshold that could trigger an upside breakout.
$2.05 Mark Becomes Pivotal Battle Zone
According to CryptoDeviant’s technical analysis shared on X, $XRP is once again trading near a crucial resistance-turned-support level at $2.05. The analyst highlights this region as the neckline of an Inverse Head and Shoulders formation on the 12-hour chart.
This pattern, often seen before powerful breakouts, aligns with the 0.618 Fibonacci extension from the prior upward leg. If $XRP confirms a daily close above this level, the target range between $2.50 and $2.65 may be in play.
Momentum indicators such as the MACD and RSI are beginning to curl upward, suggesting that bearish momentum is waning. A breakout here could set the stage for XRP’s next impulsive wave, particularly if Bitcoin continues consolidating above $101,000.
