XRP News Today: XRP Holds Above $2.168 Fibonacci Level Amid Bullish Momentum

Ripple’s XRP has recently attracted the attention of analysts as it maintains a steady position above a crucial support zone, indicating potential for fresh momentum. The cryptocurrency's price action has been closely monitored, with traders and analysts noting its resilience and potential for upward movement. Currently, XRP is consolidating above the 0.382 Fibonacci retracement level, sitting around $2.168. This area has been tested multiple times, and every bounce is reinforcing its importance. The hourly chart is shaping up for what looks like a potential continuation, with buyers defending a major Fibonacci retracement level.

One of the more notable takes comes from prominent analyst CasiTrades, who shared a breakdown of XRP price setup and where it might be headed next. CasiTrades calls the 0.382 Fibonacci retracement level the “apex of consolidation”, basically, the level where the market keeps coming back to. Just above that support, XRP price is running into resistance around $2.25. If price can break above it and then successfully retest it as support, it may be an indication of a shift in market structure. The next target would then be the 0.618 Fib zone at about $2.306, with room for further upside if momentum continues.

The XRP chart includes a symmetrical wedge that appears to have broken to the upside, with price currently retesting the upper boundary. The $2.25 area has served as short-term resistance after a recent rejection from that level. Being able to support the $2.168 area and retake $2.25 may open the door for a stronger push higher. Further upside targets are also viewed around the $2.45 region and higher, with the 1.618 Fibonacci extension located at around $2.69. These levels are significant zones where the XRP price can encounter new resistance if momentum is sustained.

In addition, the RSI is holding around 47.74. This reading suggests a neutral position, following a cooling-off period from earlier peaks above 70. The analyst notes that RSI performance at resistance levels will be critical for judging trend strength and potential exhaustion. CasiTrades believes XRP bullish structure remains intact as long as the asset holds above the 0.382 support. The post outlines a scenario where the XRP price breaks above $2.25, confirms the level as support, and builds momentum toward a new wave higher. The analyst’s forecast also mentions a potential for exhaustion near upper resistance levels if price approaches the extended targets.

Market participants will likely be watching closely for confirmation of a structure flip, particularly if RSI begins to climb again alongside volume. Until then, the focus remains on whether XRP price can hold its support and challenge the key breakout level. The daily time frame chart shows that XRP has been trading within a range of approximately $1.90 to $2.30, with a notable high in the low $2.30s before experiencing a market-wide dip in mid-June. This price action suggests that XRP is poised for a breakout above the $2.30 resistance level, which could target the next significant level at $2.50. However, if momentum falters, there is a risk of a slip below the $2.10 support level.

Analysts have highlighted several factors contributing to XRP's potential outperformance. A trio of fresh metrics indicates that XRP's underlying strength is more robust than many investors realize. If these trends continue, XRP could potentially outperform Bitcoin by 2025. This optimistic outlook is further supported by Ripple's expansion of stablecoin transfers, which adds to the cryptocurrency's technical structure and overall appeal. The technical analysis of XRP's chart signals fresh momentum, with the formation of a bearish inverted cup and handle pattern suggesting a potential crash to $1.17. However, this bearish pattern is countered by the overall bullish sentiment and the cryptocurrency's ability to hold above key support levels. The technical structure of XRP remains optimistic, with analysts predicting that the cryptocurrency could continue to gain traction as it navigates through market volatility.