XRP Poised for Potential Breakout, Analyst Predicts
- XRP is trading near $2.16, slightly below the critical resistance level of $2.24.
- Analyst CasiTrades identifies a potential bullish reversal if XRP surpasses $2.24.
- The current price action is described as a Wave 2 correction in a larger five-wave advance.
- Potential upside targets are set at $6.50, $9.50, and over $12 based on Fibonacci extensions.
- A liquidity pocket exists between the retracement levels of $1.55 and $1.45.
XRP’s price consolidation near the mid-$2 region suggests a possible breakout if it surpasses the key resistance at $2.24, with higher targets identified using Elliott Wave analysis.
Source (2.6)https://www.newsbtc.com/xrp-news/xrp-breakout-still-likely-april-12/?rand=52377