XRP News Today: XRP Consolidates Near $2.1681 Fibonacci Level Awaiting Breakout

XRP’s price action has entered a critical phase, with recent movements centering around a pivotal Fibonacci retracement level. The 0.382 level, currently near $2.1681, has been a focal point for consolidation, as noted by crypto analyst CasiTrades. The hourly chart shows a narrowing wedge formation, where the price repeatedly tests the retracement zone with moderate volatility. This consolidation could be setting the stage for a decisive move.

CasiTrades emphasized that XRP “continues to respect the 0.382 retracement,” underscoring its importance in the current price structure. Multiple interactions with this level have not yet broken it down, suggesting that the support remains structurally valid. The line marking this retracement has become the short-term pivot around which bulls and bears are contesting the next move.

Stepping back to the hourly chart provides a clearer picture. XRP’s structure still appears bullish, assuming the 0.382 retracement continues to hold. CasiTrades recently highlighted $2.16 to $2.18 as a crucial range for XRP’s consolidation and eventual breakout, and the asset has remained above this range. From a technical standpoint, the market seems to be preparing for a potential move toward $2.25, a level that serves as the next major resistance.

XRP fell below this level in June, flipping it from support to resistance. According to the analysis, the confirmation for bullish continuation would come from a clean break above $2.25, followed by a retest of that level as support. Flipping this level back to support would signal market intent for continuation and open the door to higher Fibonacci targets. Key targets include the 0.618 retracement level at $2.3063, aligning with prior rejection zones, and the 1.618 Fibonacci extension at $2.6826 as a potential exhaustion point. An interim resistance around $2.45 may emerge before the final move toward $2.6826, depending on momentum strength.

The RSI on the hourly chart is around 47.79 after a spike near 75, indicating that momentum has cooled. Key resistance at $2.25 and $2.45 will test XRP’s strength, and CasiTrades maintains that the bullish structure is intact above the 0.382 retracement. Experts have high expectations for XRP in July, and a break and retest of $2.25 could signal a higher move. The asset is currently trading at $2.24, attempting to break that resistance.