XRP rallied sharply from below $1.00 to reach a local high of $1.63, before pulling back to trade near $1.53, according to a technical analysis shared by crypto analyst and trader CasiTrades. The analyst highlighted the importance of the current price area for Ripple’s native token, emphasizing that how XRP behaves at this level could determine its next major move.
Technical signals at macro Fibonacci levels
CasiTrades pointed to the macro 0.618 and 0.65 Fibonacci retracement levels as pivotal, suggesting these areas could define support or resistance for XRP. On X, the analyst stated that this is “a very critical moment for XRP to build support or confirm resistance at its macro .618/.65.”
This is a very critical moment for XRP to build support or confirm resistance at its macro 0.618/0.65 levels.
The recent price action has placed XRP within a resistance zone spanning approximately $1.53 to $1.64. On CasiTrades’s chart, the 0.618 Fibonacci level is seen near $1.6371, while another 0.618 and the 0.65 level are located around $1.5331 and $1.5320, respectively. This cluster has attracted significant attention from technical traders after the sharp rally from lower price points.
| Fibonacci Level | Price Zone |
|---|---|
| 0.618 | $1.6371 |
| 0.618 | $1.5331 |
| 0.65 | $1.5320 |
Before this surge, XRP overcame a previous support region near $1.08 and broke above a long-term descending trendline. This breakout led to accelerating gains, putting XRP at the center of market discussions.
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Traders responding to CasiTrades’s post expressed different views about XRP’s next move. Some suggested that those who missed out on entries below $1.00 may not get another chance, as momentum appears strong. For_The_Crown expressed satisfaction with having bought XRP near $0.99 and questioned whether prices would revisit the $0.94 to $0.93 range again.
DF advanced a bullish scenario, indicating XRP could reach $1.81 before retracing in an ABC correction. According to this view, such an advance would add further evidence that the bottom is firmly in place, making a drop below $0.91 less likely. Meanwhile, trader CryptoFarsh stated that a quick rebound from $1.07 demonstrated clear demand, and highlighted a bullish crossover between the daily 21 EMA and 33 EMA. CryptoFarsh added that if this signal is confirmed on the weekly chart, it could point to sustained upward momentum.
Mini dictionary: Exponential Moving Average (EMA) is a technical indicator that gives greater weight to recent price data and is widely used by traders to identify market trends.
Traders note that recent jumps in XRP may have ended chances for lower-priced entries, while bullish signals on moving averages are attracting attention on the charts.
XRP faces critical price test
At the center of current analysis is whether XRP can build and sustain support around $1.53. If the price maintains this level, some traders believe the token could attempt another leg higher, possibly retesting or exceeding recent highs.
Conversely, failure to hold this area could result in XRP confirming resistance at the critical Fibonacci zone, which may trigger a correction. CasiTrades and other analysts are closely monitoring the price action, framing the situation as a key test following substantial gains from recent lows.
