XRP Price: The Explosive Breakout That Will Leave You Speechless!

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Crypto analyst CasiTrades has spilled the tea on what could be next for the XRP price after its triumphant rebound above the crucial $2.60 level. XRP, one of the top cryptocurrencies, has been bouncing like a kangaroo following the pause of tariffs between the US and Mexico.

What’s Next for the XRP Price?

In a saucy X post, CasiTrades revealed that if the XRP price breaks out above $2.67, it would be the end of the need for another low and signal that the bottom is in. She had previously mentioned that if the resistance at $2.67 wasn’t broken, it would have led to another wave down to the .618 retracement level at $1.53.

However, with the XRP breakout above $2.67, the crypto is back in bullish territory and could be targeting new highs. The crypto analyst mentioned that she expects the next move to be “explosive.”

With XRP confirming its low with a breakout above $2.67, CasiTrades predicts that the next move should be far more aggressive to the upside. The crypto analyst remarked that this time around, she doesn’t expect the crypto to stall at previous all-time highs (ATHs) between $3.58 and $3.80.

Instead, she believes that XRP will see a major breakout with much less resistance as it moves into new ATHs. The crypto has already shown strength as it has been one of the major gainers since the US and Mexico agreed to delay tariffs for a month earlier today.

$2.83 Is the Next Level to Reclaim

In an X post, crypto analyst Egrag Crypto suggested that $2.83 is the next level that the XRP price needs to reclaim. This came as he noted that the crypto was currently forming a long-legged candle, which he said is a bullish sign.

The analyst further remarked that closing above the Fib level at 0.702 is definitely bullish. However, he added that XRP needs to break through the Fib 0.786 at $2.83 and ultimately reach $3.30.

A Rally to $18 Is Still in Play

In an X post, crypto analyst Dark Defender hinted that the XRP price rally to $18 is still in play. He noted that XRP had a fourth wave on its intermediate cycle and is aiming for $5.85 with the fifth wave.

On the other hand, the crypto analyst mentioned that the primary cycle wave is still aiming for the $18.22 price target. He suggested that this XRP could indeed hit this level seeing as the crypto has been following this same structure which he drew up when it was still trading at around $0.40 and $0.50.

While it remains to be seen if XRP will indeed reach $18, its recent breakout above $2.60 undoubtedly provides a bullish outlook and has likely invalidated its projected crash to $2.

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2025-02-04 05:14