XRP at Make-or-Break at $2.24 Zone: Is a Surge to $17.50 Coming?

14 hours ago 16

April 5, 2025 by Mishal Ali

Key Takeaways

XRP is signaling a potential breakout as it reclaims key Fibonacci levels.
Market focus now shifts to the crucial $2.24 zone, aligning both micro and macro trends.
Probabilities diverge: One structure points to $17.50, the other warns of a fall to $0.65.

Ripple’s native token, XRP, is showing early signs of a powerful trend reversal, with strong bullish cues developing across multiple timeframes.

Market observer CasiTrades highlighted that XRP has successfully reclaimed the 0.786 Fibonacci retracement level at $2.05, an important signal that buyers are stepping back in. The attention now turns to $2.24, a price level carrying substantial technical weight.

Not only is it the 0.382 retracement of the prior decline, but it is also in exact confluence with the 1.618 extension line from lower subwaves.

This convergence gives rise to a powerful resistance-turned-support candidate. Based on CasiTrades, the price action near $2.24 will probably indicate if XRP is set to start Macro Wave 3 in the Elliott Wave pattern.

This bigger wave can set the path of XRP through the rest of the quarter. With initial confirmation between micro and macrowave patterns, the market is hopeful in a guarded manner that the bottom is in place.

More momentum might take XRP to its next resistance points of $2.70 and $3.05 before finally heading to its all-time high of $3.80.

XRP Enters Fibonacci Window for Trend Shift

The wider technical architecture is preparing for what might prove to be an important macro shift. CasiTrades highlighted that internal sub-waves to XRP are in synchronization with the greater Elliott Wave pattern that indicates the beginning of a new bullish rally.

Elliott’s theory has historically seen Wave 3s be the most powerful, frequently running past the prior leg by multiple factors.

This momentum is augmented by entry into Fibonacci Time Zone 3, historically a calendar period used to denote powerful market accelerations. Spanning much of April, this period could be XRP’s golden window of opportunity to reverse the trend.

But any failures to break and maintain prices above $2.24 can lead to sideways action and price stagnation. But with no hint of new lows being created, there is optimism rooted in hope.

Broadening Wedge Offers Wild Card Move to $17.50

In a different technical perspective altogether, EGRAG CRYPTO had an Ascending Broadening Wedge based scenario as their focus, a volatility pattern that would normally break to the downside 70% of the time. But if XRP goes against those statistics, the potential is mind-boggling.

A close above $3.50 would mark the beginning of the structure’s fulfillment. The next battle zone would be around $5, where the price must not only reach but also convincingly close above. Should XRP then retest $1.90 and rebound to close over $6, the path toward $17.50 would open.

But if the pattern does not confirm, the measured drop could send XRP down to $0.65, a harsh reboot to holders. While CasiTrades emphasizes structural build-up and support reversals, EGRAG cautions against sudden volatility and conflicting probabilities, giving XRP holders hope and doubt alike in the future.

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