Crypto analyst CasiTrades analyzed the recent surge in XRP’s price, arguing that weekend volatility may have exaggerated a temporary rally rather than signaling genuine buying interest. Despite a brief spike past $2.24 resistance level, which had been a focal point for weeks, XRP quickly faced rejection and retreated to revisit the key area. |
CasiTrades highlighted that relying on technical structure over news headlines is crucial, emphasizing how weekend market liquidity and potentially misleading information can distort short-term price movements.
While technically XRP is moving towards resistance above $2.24, it remains vulnerable as long-term bullish momentum is not confirmed. A sustained climb above this level would validate the positive trend, but failure could trigger a pullback toward lower support zones identified on the chart, including levels around $2.08 and $1.95.
The analysis highlights the importance of focusing on clean technical patterns over reacting to short-term news or headlines.