XRP News Today: XRP Faces Imminent Breakout After RSI Breakdown

XRP is on the brink of a significant price movement as its daily chart reveals a highly compressed setup. The cryptocurrency has been trading within a tightening symmetrical triangle for several weeks, with the Relative Strength Index (RSI) showing a notable breakdown below a key trendline. This breakdown is seen as a clear signal that pressure is building within the market.

CasiTrades, a prominent crypto analyst, has been closely monitoring this setup. At the time of her analysis, XRP was trading at $2.14. She highlights the importance of the RSI’s breakdown, indicating that the momentum indicators, particularly the daily RSI, have formed a descending triangle that has now broken to the downside. This move in the RSI often precedes corresponding price action, making it a critical leading indicator.

The daily RSI trendline, which has been a clear tool for tracking this apex, is now breaking down. This leading indicator suggests that the price has stalled, volatility has dried up, and pressure is building toward a release. CasiTrades believes that this setup is part of a broader price structure designed to build energy for a larger breakout. She has been tracking XRP’s movements for a long time and recently revealed that the asset is due for a decisive move with no time left.

However, the immediate outlook suggests that XRP is likely to first test lower support zones before any meaningful reversal. CasiTrades recently revealed that the support at $2.25 has flipped to resistance, and the levels holding the asset up include $2.01, $1.90, and $1.55 in the event of an extended downturn. The chart also shows Fibonacci retracement levels aligned with these areas, particularly the 1.236 extension at $2.01 and the 0.786 retracement at $1.83, which adds technical weight to their significance. CasiTrades believes that these supports will remain in play until the digital asset breaks above the $3 level.

The triangular formation drawn on the chart is a classical technical pattern, suggesting that XRP is in the final stages of its consolidation. Based on current indicators, the bias is tilting slightly to the downside, not as a sign of trend reversal, but as a mechanism for testing liquidity and market response at support zones before a potential upward move. CasiTrades emphasizes that this move should not be interpreted as a weakness. Instead, she sees it as a means to gather energy for the breakout, predicting a sharp flush and a swift V-shaped recovery if the asset hits any support level cleanly. If that type of reversal occurs, it could signal the end of the consolidation phase and kickstart a run toward new highs.

In a tweet thread, the analyst said the breakout could happen within the next hours. She added that the XRP macro degree will soon play out and melt faces. This statement underscores the potential for a significant price movement in the near future, as the market awaits the outcome of this highly compressed setup.