XRP News Today: XRP Consolidates After 50% Rally Eyes $4.65 Breakout as $3.40 Support Holds

Generated by AI AgentCoin World
Thursday, Jul 24, 2025 6:17 pm ET1min read
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Aime RobotAime Summary

- XRP consolidates between $3.40 and $3.60 after a 50% rally, with analyst CasiTrades identifying $3.40 as critical support.

- A structural reversal in 1-hour charts shows former resistance becoming support, signaling potential accumulation rather than exhaustion.

- RSI momentum suggests $3.65 as a near-term target, while a breakdown below $3.40 risks retesting $3.20 Fibonacci levels.

- Key Fibonacci extension targets $4.65 if $3.66 resistance is cleared, with $4.11 as an intermediate goal amid heightened volatility risks.

XRP has entered a consolidation phase following a recent rally that pushed its price to all-time highs, with the cryptocurrency fluctuating between $3.40 and $3.60 over the past week. This pattern has drawn attention from analyst CasiTrades, who highlighted key technical developments in XRP’s chart on the social media platform X. Her analysis underscores a critical support level at $3.40 and a potential breakout scenario if buyers maintain control of the key trendline [1].

CasiTrades identified a structural reversal in XRP’s 1-hour candlestick chart, where a former resistance trendline has transformed into a support level. The trendline has tested three times, with each bounce reinforcing buyer confidence. This shift, she explained, signals a potential accumulation phase rather than exhaustion, despite XRP’s 50% surge earlier in July. The support at $3.40 has proven resilient, preventing significant declines and affirming bullish control [1].

The Relative Strength Index (RSI) on the same timeframe suggests momentum remains intact, with potential for

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to exceed $3.65 before month-end. However, the analyst cautioned that a breakdown below $3.40 could trigger a retrace to $3.20, aligning with the 0.236 Fibonacci retracement level. Additional Fibonacci levels at $2.96, $2.76, $2.56, $2.50, and $2.27 represent potential rebound zones if the price retreats [1].

A critical next target for XRP lies at $4.65, derived from the 2.618 Fibonacci extension of its recent rally. This level becomes viable if the price successfully breaks above $3.60 and $3.66 resistance. CasiTrades noted that clearing $3.65 would significantly increase the likelihood of reaching $4.65, particularly if broader market sentiment turns bullish. An intermediate target at $4.11 lies along this path, though the analyst warned of heightened volatility as the price approaches these levels [1].

The current setup emphasizes the importance of maintaining control at $3.40. A sustained breakout above $3.66 would validate the bullish case, while a breakdown below $3.40 could shift momentum to the downside. Traders are advised to monitor the RSI and Fibonacci levels for clues on XRP’s next move, as well as broader crypto market conditions that may influence its trajectory.

Source: [1] [XRP Price Showing Quiet Strength As Next Breakout Level Lies At $4.65] [https://www.newsbtc.com/analysis/xrp/xrp-showing-quiet-strength/]