XRP Price Prediction: Is a Breakthrough of the 3.60 Dollar Resistance Level Imminent? Key Target Level 4.65 Dollar

After reaching a historical high last week, the XRP price entered a consolidation phase, currently located in the $3.40-$3.60 range. Well-known crypto assets analyst CasiTrades shared his latest technical analysis on social media platform X, pointing out that the key trend line has successfully switched from resistance to support, with the $3.40 support level being crucial. His chart analysis shows that XRP is in an accumulation phase, and the RSI indicator suggests sufficient upward momentum. After breaking through the $3.60-$3.66 resistance range, the next key target is aimed at the $4.65 Fibonacci extension level. This article details the XRP short-term trading strategy and potential pullback support levels.

Key trend line successfully flipped, $3.40 support level becomes the focus XRP has been fluctuating narrowly between $3.40 and $3.60 for the past few days after reaching an all-time high, forming a consolidation pattern. This price structure has caught the attention of well-known analyst CasiTrades in the crypto assets field, who shared her detailed short-term technical outlook on social media platform X. The accompanying chart clearly analyzes the current market structure, emphasizing the importance of the $3.40 support level, and points out that the price action below the resistance area has bullish implications.

Previous resistance becomes support, accumulation signals emerge CasiTrades' analysis is based on the 1-hour candlestick chart, where she points out a classic bullish flip phenomenon occurring on the chart. A key trend line, which had previously acted as upper resistance, has now successfully flipped and turned into solid support. This transition process is quite precise: the price has tested this trend line three times, and each time it has effectively rebounded, clearly indicating that buyers are confidently stepping in at the key support level. She analyzes that this structural change may seem subtle, but it is quietly accumulating momentum for XRP's next price fluctuation.

This trend line, which has now turned into a support, is currently just above the 3.40 USD level. Since last week, the resilience of this trend line has successfully prevented any significant breakdown of the XRP price. As long as this support line can hold steady, the bulls will continue to take control. In summary, CasiTrades' analysis indicates that considering XRP's significant increase in the first half of July, its current phase is more inclined towards the accumulation phase rather than exhaustion.

RSI indicator suggests upside potential, be wary of potential pullback risks Further observe the Relative Strength Index (RSI) on the 1-hour K-line chart, whose readings indicate that the current market momentum still has room to push the XRP price to test or even break the $3.65 level before the end of the month.

However, CasiTrades also clearly points out that there are no absolute guarantees in the market. She warns that if the key 3.40 USD support level is ultimately lost, the XRP price may initiate a pullback, with an initial target looking towards 3.20 USD, which aligns with the 0.236 Fibonacci retracement level. Other potential Fibonacci retracement support levels to watch include 2.96 USD, 2.76 USD, 2.56 USD, 2.50 USD, and 2.27 USD. These positions may become the defensive line for bullish organization to rebound.

Breaking above $3.65 may initiate an upward trend, targeting $4.65 Combining the effectiveness of the trend line support and the readings of the RSI indicator, CasiTrades believes that the probability of XRP's price ultimately breaking out is greater than the possibility of it breaking down. The key to the future path is: can XRP successfully rebound at the $3.40 support level and ultimately effectively break through the stubborn resistance range of $3.60 to $3.66.

Once successfully breaking through $3.65, CasiTrades sets the next major target at $4.65. This target is calculated based on the 2.618 Fibonacci extension from the previous upward wave. On the road to $4.65, $4.11 is an intermediate price level that needs attention. Analysts particularly remind: "After breaking through this area, market fluctuations will become wild and fast." If the overall Crypto Assets market sentiment simultaneously turns positive and bullish, the probability of XRP reaching the $4.65 target will significantly increase.

Conclusion: The current XRP price is consolidating in the range of $3.40 to $3.60. Analyst CasiTrades' Technical Analysis indicates that the key trend line has shifted from resistance to support, with $3.40 becoming an important defense line for the bulls. The RSI indicator on the 1-hour chart shows that upward momentum still exists, and breaking through the $3.60 to $3.66 resistance area is key to opening up upward space. Once successfully broken, the next target level looks towards the $4.65 Fibonacci extension. Traders need to closely monitor the strength of the $3.40 support; if it breaks, attention should be paid to the $3.20 Fibonacci retracement support level. The short-term trend of XRP is at a critical decision point, and the direction of the breakout will determine the future space.