XRP News Today: XRP Holds Above Key Support at $2.145, Eyes $2.25 Resistance

XRP has once again captured the attention of traders, who are closely monitoring a critical trendline that could dictate its next significant movement. According to renowned crypto analyst Casitrades, this key support line is currently the most crucial factor, and the market's response to it could indicate whether XRP is poised for its next upward surge.

XRP recently touched the 0.382 Fibonacci retracement level at $2.145, which also marks the peak of its recent consolidation phase. This convergence of technical levels makes $2.145 a vital support area to maintain in the short term. So far, the price has reacted positively, bouncing off this support, which suggests strength and renewed bullish momentum.

Casitrades emphasized the importance of this level, describing it as “the most critical on the chart, short-term.” He warned that a drop below this level would indicate weakness. However, XRP is currently holding above it with confidence. “This is the kind of price action you want to see if XRP is serious about continuing this new trend to the upside,” Casitrades wrote.

As XRP stabilizes above support, the focus shifts to the $2.25 resistance level. According to Casitrades, this is the next major hurdle. A breakout above $2.25 would be a bullish confirmation and could open the door to a move toward $2.69—the next Fibonacci retracement target. “Price is now trying to push back toward the $2.25 resistance. That’s the next big test,” Casitrades noted. “If we can flip that level, we’ll likely open the path toward the $2.69 retrace test—and from there, the breakout potential increases dramatically.”

A move beyond $2.69 could trigger an even stronger rally, potentially signaling the start of a powerful wave 3, typically the most explosive phase in Elliott Wave theory. XRP’s price action is unfolding as the broader altcoin market shows signs of revival. With Bitcoin consolidating, many traders are shifting focus to high-potential assets like XRP. Market indicators such as RSI and Stochastic RSI are also aligning in favor of the bulls, hinting at growing upward momentum.

Volume is beginning to increase as XRP approaches resistance, suggesting rising interest and accumulation. Meanwhile, the price continues to respect key support levels, reinforcing the bullish structure. For now, all eyes are on whether XRP can clear $2.25 and confirm a breakout. But one thing is clear: as Casitrades rightly said, “This trendline is everything.” How XRP behaves around it could determine the direction of the next major move.