After several weeks of stable accumulation with shallow corrections, the XRP price chart is gradually 'reviving' with noticeable upward momentum. Important technical factors such as Fibonacci, short-term trend lines, and key resistance levels are all supporting a major breakout – potentially the most spectacular rise of XRP since the beginning of this cycle.

Shallow Corrections are a Positive Sign of an Uptrend

According to technical analyst CasiTrades, the XRP price has slightly adjusted to $2.85 – right at the Fibonacci 0.236 support area. This is a very positive signal, as shallow corrections often indicate that the bulls are still in control and the market is just 'taking a breather' before continuing to rise.

"XRP continues to hold important Fibonacci retracement levels such as 0.118 and 0.236 – indeed what a healthy uptrend needs," CasiTrades commented.

Maintaining these support areas proves that demand is still overwhelming and the next surge could occur at any time.

$3.04 – The Final Barrier Before XRP Enters the 'Price Discovery' Zone

Currently, XRP is gradually approaching the important resistance zone of $3.04. This is a key price level referred to as the 'last gateway' before entering the price discovery phase – where the market has never established a price, opening up the potential for an unlimited increase.

If XRP can break through and hold above $3.04, it could trigger a new price explosion, marking a strong acceleration phase.

Short-Term Uptrend Line on the Hourly Chart is Leading the Way

Further analysis on the hourly frame, CasiTrades points out that a clear trend line is forming, providing a reference framework to identify short-term support/resistance zones.

Based on this structure, the analyst expects "the price will break out to $3.18 today" – a resistance level coinciding across multiple time frames.

If this happens, it will be an extremely strong confirmation signal for the bulls, and it may indicate that the market is ready to enter a parabolic uptrend.

Alternative Scenario: Pullback Before Strong Breakout

In the event that XRP is rejected at $3.18, CasiTrades believes the price may return to test the $3.04 zone. Based on the slope of the current trend line, this scenario could occur on Friday – creating a small but necessary adjustment before the price continues to soar.

"This scenario, if it occurs as described, will be a clear signal that the market is ready to accelerate," according to the analyst.

Summary: XRP Could Be About to Enter a Sharp Uptrend

With the current technical conditions – from Fibonacci levels, price structure to short-term trends – XRP is converging enough factors to break through resistance and start a vertical surge. If buying pressure continues to increase and resistance areas are broken, we could definitely witness a vertical expansion – characteristic of a strong bull market.

📌 Follow the following milestones:

  • $3.04: important resistance about to be challenged.

  • $3.18: short-term breakout target.

  • $2.85: key Fibonacci support.