XRP Defies Market Pressure: Holds Critical Support as Analysts Eye $5.4 Breakout
XRP bulls dig in at crucial support—refusing to let the bears take control.
Analysts spot a textbook setup brewing.
One prominent voice projects a surge toward $5.40.
That’s not just a bounce—it’s a potential 10x explosion from current levels.
Market sentiment shifts as accumulation intensifies.
Traders who missed earlier runs now watch closely.
Will it follow through or become another 'almost' story in crypto's book of broken dreams?
TLDR
- XRP has shown strong resilience compared to Bitcoin, which recently hit new lows.
- Analyst CasiTrades emphasized that XRP must maintain support at $2.91 to initiate a bullish rally.
- The symmetrical triangle pattern has helped XRP stay stable and avoid new lows like Bitcoin.
- Breaking the $3.12 resistance level could set XRP on a path towards a 53% rally to $4.47.
- CasiTrades expects XRP’s fifth wave to push the price to $5.4, marking an 85% increase from current levels.
XRP has demonstrated strong resilience amid Bitcoin’s recent downturn. Analyst CasiTrades pointed out that, while Bitcoin fell to new price lows, XRP held steady. She highlighted XRP’s continued trend within a symmetrical triangle pattern, suggesting potential for a bullish rebound. According to the analyst, XRP must hold crucial support at $2.91 to initiate the next phase of growth.
XRP Holds Firm While Bitcoin Struggles
Bitcoin’s recent plunge below $110,000 has raised concerns in the market. The cryptocurrency broke below its $112,000 support level, signaling potential trouble ahead. However, XRP displayed resilience and did not drop to new lows like Bitcoin.
XRP’s price instead remained within a consolidatory pattern, particularly a symmetrical triangle. This six-week-old pattern has helped contain XRP’s price since July. The price action suggests that, as long as XRP maintains its position, it could eventually break higher.
CasiTrades stressed that XRP’s ability to stay above the key support level of $2.91 is crucial.
“This is the golden pocket, aligning with the 0.618 Fibonacci retracement,” she noted.
If XRP holds this level, it may gain enough momentum for a potential upward push.
🚀XRP keeps holding the macro consolidation zone. Eyes on the next wave up! 🚀
Let’s talk through what’s going on because this weekend was unexpected! 🔥 #Bitcoin dipped all the way down to $110.5K, setting a fresh low, and right now it’s hovering around $112.7K, which is also… pic.twitter.com/GppXcocgL0
— CasiTrades 🔥 (@CasiTrades) August 25, 2025
Elliot Wave Pattern Points to $5.4 for XRP
The analyst outlined that XRP could potentially follow the third wave of the Elliot Wave pattern. Breaking the $3.12 resistance level WOULD mark the start of this third wave, pushing XRP towards a target of $4.47. A move to this level would represent a 53% rally from XRP’s current price of $2.92.
CasiTrades further explained that, following wave 3, XRP could experience a wave 4 retracement. This retracement would test the $3.65 level before the final wave, which may take XRP to $5.4.
“The fifth wave could deliver an 85% rally,” she added, emphasizing the bullish potential for XRP.
XRP’s performance has caught the attention of another analyst, CoinsKid, who pointed to a key support level. XRP has flipped a former resistance zone at $2.59 into a new support area. This shift offers XRP a solid foundation for future gains as the price moves higher.
