$XRP CasiTrades has reiterated a bullish outlook for XRP, emphasizing that the broader macro plan remains intact despite a recent pullback. The analyst noted that while XRP slipped below its .382 Fibonacci retracement at $2.96, the token has not broken down past the critical .5 level at $2.77.

This dynamic positions the $2.77 mark as a potential double-bottom support and a major buying opportunity.

XRP’s current price action has settled into a tight range between $2.96 and $2.77. The market tested the .382 retracement but failed to hold, leaving $2.77 as the next key defensive line.

As of report time, XRP is trading $2.92, holding above the 50% retracement. This price stability underscores that the macro structure has not broken down, and the potential for a bullish continuation remains in play.

The Fibonacci levels now act as the battleground for sentiment. A reclaim of $2.96 would tilt momentum back to the bulls, while a break below $2.77 could open the door for a deeper correction.

✨Technical Signals and Market Sentiment

Momentum indicators such as the Relative Strength Index (RSI) suggest that both Bitcoin and XRP still have room for further downside tests, but selling pressure is weakening. For XRP specifically, RSI readings remain neutral, indicating space for upward recovery once buyers step in.

This aligns with CasiTrades’ view that the current pause is less about market exhaustion and more about building a foundation for the next impulsive move. If XRP retests $2.77 without breaking lower, it could create a textbook double-bottom pattern — a bullish reversal signal with strong historical reliability.

✨Bitcoin’s Role in the Next Move

As always, Bitcoin’s trajectory holds significant weight for altcoin performance. BTC is currently hovering around $113,000, with analysts pointing to $112,000 as a potential short-term floor. Should Bitcoin dip slightly lower, XRP could retest its $2.77 support. However, if BTC stabilizes or begins building its expected Wave 2 recovery, the path for XRP to reclaim higher resistances would strengthen.

Importantly, the analyst maintains that XRP’s long-term target of $4.80 remains valid as Bitcoin completes its corrective phase. The expectation is that large-cap altcoins, including $XRP , could lead the next rally even as Bitcoin consolidates.

✨Outlook for Traders and Investors

For now, the market outlook hinges on the $2.77–$2.96 zone. A strong hold at support, followed by a breakout above $2.96 and then $3.21, would confirm XRP’s reclaim of its consolidation range. This would likely pave the way toward macro targets as momentum strengthens.

CasiTrades urges flexibility and patience, noting that while short-term volatility is unavoidable, the macro bullish structure remains intact. For disciplined traders, the current setup may represent one of the most attractive accumulation zones seen in recent weeks, provided risk is managed appropriately.

✨Final Take

XRP’s current consolidation reflects a moment of balance between cautious sellers and accumulating buyers. As CasiTrades highlights, the $2.77 support could prove to be a pivotal launchpad. If this level holds and $XRP reclaims resistance at $2.96, the macro plan remains firmly on track, with higher targets such as $4.80 still within reach.

For investors eyeing the next big move, the coming days around these support levels may define the next chapter in XRP’s bullish journey.

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