Analyst Shows XRP Is Approaching Price Discovery Moment. Here’s What It Means

Over the past few days, XRP has staged a steep rally, gaining strength as it approaches the $3 mark, the closest critical significant resistance zone on its chart.

The price action over the weekend has reinforced bullish conviction, as XRP repeated retested $3 resistance level before resting above $2.90 at the time of press.

Wave 3 Behavior Aligns with Technical Expectations The chart, posted by well-followed crypto analyst CasiTrades (@CasiTrades), presents a zoomed-in view of the price structure and Fibonacci levels governing the rally.

The recent breakout is being interpreted within the context of Elliott Wave Theory , with CasiTrades considering the current phase part of a powerful Wave 3 trend.

According to her analysis, this kind of price behavior showing clean support flips and vertical acceleration is “exactly what we’d expect to see in a wave 3 trend.” Critical Resistance Near $3.04 The $3 price level is not just psychological; it aligns with the macro 0.118 Fibonacci retracement level from XRP’s all-time high.

Reclaiming this zone holds broader implications, suggesting the market is shifting decisively toward bullish continuation.

An expert recently highlighted this level as the neckline for a building cup-and-handle pattern , and CasiTrades emphasizes that breaking above $3.04, followed by a swift and successful back-test, would be the next crucial step.

If that occurs, the chart points toward a rapid move above the all-time high.

Divergence Signals Mixed Momentum Technical indicators on the chart further support the rally’s strength.

A visible bearish divergence in the Relative Strength Index (RSI) is emerging.

While price continues to make higher highs, RSI has begun forming lower highs.

This divergence can sometimes signal weakening momentum, although in strong wave 3 environments, it may fail to result in a pullback immediately.

XRP Price Discovery Moment A key observation on the chart is the lack of meaningful resistance beyond $3.40. Once XRP clears that level, it enters price discovery , where historical reference points no longer exist and price can accelerate dramatically.

“It will likely shock people how quickly this runs,” CasiTrades noted, highlighting XRP’s notable speed during price surges.

This view is supported by the clean chart structure and scarcity of overhead supply above the all-time high.

XRP Breaks $3 – Next Stop: New All-Time Highs? Over the weekend we saw a perfect back-test of the $2.69 macro fib and now #XRP is testing the macro $3.00. It's amazing to be zoomed-in and seeing this playing out with precision! Behavior is exactly what we'd expect to see… pic.twitter.com/OLY29Y2vo2 — CasiTrades (@CasiTrades) July 14, 2025 Additionally, there’s a time-based element to consider.

She highlighted a macro time Fibonacci has been placed near the end of July, which could represent a potential local market top.

Wave 3 rallies, however, are known for extending beyond traditional targets, and confirmation of a top would likely involve a sharp push just under a key extension, followed by a clear five-wave exhaustion pattern.

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Here’s What It Means appeared first on Times Tabloid ..

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