XRP recently dropped below the critical $2,52 support level, triggering a 6% decline and sparking uncertainty among traders. Analyst CasiTrades suggests this correction could be setting the stage for a major rally. The dip aligns with the 0.5 Fibonacci retracement level, historically a key turning point for price reversals.

Confirmation Hinges on Breaking $3 Resistance

For XRP to confirm a bullish reversal, it must decisively break above the $3,00 resistance zone. CasiTrades emphasizes that a clean breakout beyond this level could signal renewed market engagement and fuel an upward push toward new highs. The market has often shaken out weak hands before major surges, making this a crucial moment for traders.

Will XRP Regain Momentum?

The price recently tested support near $2,70, which held firm and positioned XRP for another attempt at $2,95–$3,00. If the breakout succeeds, it could pave the way for a sustained uptrend. However, failure to surpass this resistance may keep XRP range-bound in the short term.