XRP entered the new week with a clean technical reaction at one of the most important levels on the chart. Popular analyst CasiTrades highlighted that XRP dropped directly into the macro 0.5 Fibonacci support at $2.04 over the weekend, and held it with precision. This is the same level he has been tracking for weeks, and seeing buyers step in right at this zone adds credibility to the broader structure he has been outlining.
The chart shows the price tapping the green support region before bouncing, exactly in line with earlier projections. This move keeps XRP inside the bullish framework for now, but nothing is confirmed yet. As CasiTrades emphasized, this level is a decision point, not a bullish confirmation.
While the defense of $2.04 is encouraging, XRP still needs to clear higher resistance levels before momentum truly flips. The chart highlights two key zones overhead:
$2.41 – the first major resistance
$2.65 – the breakout confirmation level
As long as XRP stays below $2.41, bullish structure remains unconfirmed. The price must break this area and push toward the $2.65 Fibonacci extension to validate the purple bullish path drawn on CasiTrades’ chart. Only then does the scenario calling for a move toward the $2.75 region begin to take form.
Source: X/@CasiTrades
The RSI adds context here. The indicator has broken its previous downtrend, but it hasn’t yet pushed into a strong momentum zone. This aligns with the idea that XRP is stabilizing but not trending decisively.
Bearish Scenario Still Fully Alive
If the XRP price loses the $2.04 level, CasiTrades warns that the bearish path reopens immediately. The chart outlines a clear downside sequence:
First target: $1.73 (.618 local support)
Deeper target: $1.64 (.618 macro support)
This scenario reflects the pink path on the chart, where XRP breaks down from the rising structure and retests the deeper macro support zone. That area, around $1.64–$1.73, has been a major demand zone historically and would become the next logical bounce region if $2.04 fails.
Read also: New Criticism Hits XRP: Analysts Call Ripple’s Network Is “Centralized in Every Way”
Why the $2.04 Level Matters So Much
CasiTrades emphasized a critical trading lesson: buying key Fibonacci supports gives traders the best position regardless of direction. Buying at a major retracement point offers:
Strong upside positioning if the bullish scenario unfolds
A clean invalidation level just below support if the bearish scenario takes over
In other words, disciplined entries around $2.04 allow traders to prepare, not react emotionally after the move plays out.
XRP now sits between two powerful levels: the defended support at $2.04 and the unbroken resistance at $2.41. Until one of these gives way, both the bullish and bearish structures remain fully valid. CasiTrades’ chart makes this clear; XRP is at a technical crossroads.
For now, the market respected the first key level perfectly. XRP might choose the upward or downward path next and this will likely define the rest of December’s trend.
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The post Massive XRP Support Hit Perfectly, But Both Paths Still in Play appeared first on CaptainAltcoin.
