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XRP Surges Past $2 With Strong RSI and Fibonacci Support Holding Firm
XRP’s breakout from a symmetrical triangle signals bullish momentum with price nearing key resistance at $2.25 and $2.69 zones.
RSI strength and bullish divergence confirm impulsive momentum as XRP targets the 2.618 Fibonacci extension near $2.2963.
Price stability above $2.1440 and $2.0069 support zones strengthens the bullish case while positioning XRP for potential new highs.
After a rebound from $1.908, XRP has demonstrated continued strength, indicating bullish momentum across technical zones, according to CasiTrades. The price exited a symmetrical triangle, which is frequently associated with trend changes, and jumped out of the consolidation zone. Just above the $1.90 Fibonacci retracement, where buyers intervened early, there was a rally. Front-running behavior like that points to accumulation and increasing confidence at crucial points.
The price action accelerated sharply, moving from $1.8972 to $2.1918. This breakout aligned with a Fibonacci expansion pattern. Moreover, the 1.618 Fibonacci extension at $1.9924 acted as temporary resistance before bulls pushed higher. The next resistance zone lies at $2.2963, aligned with the 2.618 extension level. This area now stands as the next major test for bulls.
Key Resistance Levels and Momentum Indicators
The breakout was backed by a rising Relative Strength Index (RSI), now holding between 67.09 and 67.75. This signals strong bullish momentum and increased buying pressure. Additionally, a bullish divergence appeared before the rally, showing RSI strength despite previous price dips. That divergence added credibility to the breakout structure and supported upward movement.
Source: CasiTrades
Besides RSI, a blue parabolic curve formed alongside the price, showing acceleration in bullish sentiment. XRP also respected the 0.382 retracement zone at $2.1440 during a brief consolidation. That zone now acts as short-term support. Significantly, if this level holds, it will confirm the formation of a healthy local base.
Support Zones and Trend Continuation Prospects
Support zones at $2.0069 and $1.8972 remain crucial. These align with Fibonacci levels and previous swing lows. Consequently, any retracement toward these areas could offer entry points for trend continuation. However, bulls must break above the $2.25 resistance, a key macro barrier marked by past rejections.
Moreover, clearing the $2.69 resistance would confirm a broader trend shift toward new highs. Until then, XRP remains within a developing impulsive structure. The market structure, momentum indicators, and Fibonacci alignment all support the current bullish phase. With momentum back, XRP appears poised for the next move—pending a decisive breakout.
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