XRP Explodes After Perfect Bounce From $2.07 Fibonacci Zone - Bulls Take Control
XRP just staged a textbook-perfect rebound from a critical Fibonacci level - and the market's reacting like it's 2017 all over again.
The $2.07 Fib zone held firm as support, triggering a violent upside move that's left shorts scrambling. This isn't just technical analysis porn - it's a clear signal that crypto's perpetual underdog might finally be waking up.
Fibonacci traders are high-fiving. Retail FOMO is building. And the usual Wall Street 'experts'? Suddenly remembering they 'always believed in blockchain' - just as price action proves them wrong yet again.
One rule remains unchanged in crypto: Price trumps narrative every time. Even the SEC's lawyers can't argue with a chart this clean.
The Perfect Bounce: XRP Finds Bottom At $2.07 Confluence
CasiTrades, in a latest post on X, stated that on Friday, XRP dipped precisely to the $2.07 confluence zone, aligning with the golden .618 retracement, the 1:1 extension for wave C, and the .618 extension for subwave 5. She noted that a sharp reaction from that level WOULD confirm the correction bottom, and the market did exactly that, snapping upward from the $2.07 mark.
Since then, momentum has steadily increased, with bullish pressure building over time. Price action is now pressing into a critical resistance zone at $2.25, a level that represents the macro .382 Fibonacci retracement and has served as a significant technical barrier for months. Breaking and holding above this level could signal a shift from recovery to full-blown bullish continuation.
Adding to the momentum, Ripple dropped its appeal, and the US SEC’s withdrawal could be the next trigger to price spikes. According to CasiTrades, the legal finish line is finally in sight, just as the price completes its correction structure, a timing she believes is no coincidence. This, she emphasized, is why technical analysis matters: it allows traders to identify key setups before the news breaks, positioning ahead of market-moving headlines.
Key Short-Term Scenarios To Watch
The analyst further explained that from this point, she is closely watching two key short-term scenarios unfold. In the first scenario, XRP makes a MOVE up to around $2.30, followed by a pullback to retest $2.25 — this time as support, which CasiTrades considers an ideal and healthy move.
The second scenario involves a stronger push straight through to the $2.45 zone, heading toward the larger resistance NEAR $2.69. In this case, a minor pullback would likely occur just before the price interacts with the $2.69 resistance area. After that, the analyst anticipates a backtest of the $2.25 level.
Either way, she emphasized that $2.25 remains the critical level to watch. Successfully flipping it sets the stage for a much larger breakout move. CasiTrades added that Friday’s bounce wasn’t just a random spike; it was a precise reaction to a completed structure. With wave 2 down, wave 3 is officially underway, and once these nearby resistance levels are cleared, it could all lead to a surge.
