{"id":60267,"date":"2025-04-18T12:30:12","date_gmt":"2025-04-18T12:30:12","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=60267"},"modified":"2025-04-18T12:30:12","modified_gmt":"2025-04-18T12:30:12","slug":"xrp-breakout-still-likely-this-april-analyst-says-12-in-play","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=60267","title":{"rendered":"XRP Breakout Still Likely This April, Analyst Says $12+ In Play"},"content":{"rendered":"

The price of XRP continues to coil just above the mid\u2011$2 region, but veteran market technician CasiTrades (@CasiTrades) believes the consolidation is the calm before a violent impulse higher. In a four\u2011hour chart published on X on 17 April, the analyst traces<\/a> an Elliott Wave count showing the token finishing a textbook Wave 2 correction that began after December\u2019s cycle high near the 0.118 Fibonacci band at $3.40.<\/p>\n

XRP Breakout In April Still Possible<\/h2>\n

From the peak labelled (1), XRP has followed a sharp, three\u2011legged A\u2013B\u2013C pullback (drawn in gold). Leg A bottomed in February at $1.77. Leg B retraced to the 0.236 level at $2.99 before the current slide in Leg C, which has thus far defended the 0.618 retracement at $1.54. Below lies a thick liquidity pocket between the 0.618 and 0.65 retracements\u2014$1.55 to $1.45\u2014highlighted by a green box on the chart.<\/p>\n

CasiTrades describes that zone as \u201cthe most likely target\u201d for any final sweep lower, but stresses that price \u201chas shown solid support at the 0.5 retrace ($1.90). On the macro timeframe, not much has changed.\u201d<\/p>\n

The chart also flags the 0.382 retracement at $2.24 with a red line\u2014the final ceiling that must be reclaimed to confirm bullish reversal. \u201cTo break major resistance at $2.24 (the 0.382), we\u2019ll likely need one final push off either $1.90 or $1.55. If XRP clears and holds $2.24, these lower levels become far less likely,\u201d the analyst writes. The market has already printed a series of higher lows on the four\u2011hour Relative Strength Index while price carved lower lows, producing a clear bullish divergence<\/a> that reinforces the idea that selling pressure is exhausting.<\/p>\n

CasiTrades argues that the macro structure remains intact: the decline of the past four months is Wave 2 inside a much larger five\u2011wave advance. \u201cWe are very close to ending this correction, whether the low is already in or we need one more support test, I still believe we\u2019re about to enter macro Wave 3,\u201d she notes.<\/p>\n

Under classical Elliott guidelines, one wave of every impulse must extend, and the analyst expects that role to fall to Wave 3. Using Fibonacci expansion from the Wave 1 impulse\u2014the vertical purple projection\u2014she derives upside objectives at the 1.618, 2.618 and 3.618 extensions: $6.50, $9.50 and \u201c$12+\u201d respectively.<\/p>\n

\u201cOne wave must extend in every impulse and most likely this will happen on Wave 3<\/a>. This isn\u2019t hype, this is textbook Fibonacci + Elliott Wave logic. Correction bottom is either here or very near. Once Wave 3 begins, it only takes weeks, not months,\u201d she explains.<\/p>\n

Sceptics questioned whether algorithmic manipulation might have invalidated traditional tools, but the analyst remains unmoved. \u201cThis price action has been frustrating, but I believe the market is largely driven by algos that to complete specific patterns, these patterns make money for their creator. Strong demand may be delaying the final push lower, but I still believe the market likely needs to test those support levels to grab liquidity before a breakout<\/a>. We\u2019re at a critical test right now. If buyers can push the price above $2.24, it could shift the algos instead of hunting lower, they may flip direction and chase momentum.\u201d<\/p>\n

Time, she insists, is running out for bears. \u201cWe\u2019re mid\u2011April now. If XRP tags that final support, even by the end of this week, and volume steps in, a breakout to new highs could very realistically kick off in late April and still satisfy the April breakout outlook.\u201d<\/p>\n

As of press time XRP is trading near $2.16 on Binance, only a few percentage points below the critical $2.24 trigger.<\/p>","protected":false},"excerpt":{"rendered":"

The price of XRP continues to coil just above the mid\u2011$2 region, but veteran market technician CasiTrades (@CasiTrades) believes the consolidation is the calm before a violent impulse higher. In a four\u2011hour chart published on X on 17 April, the analyst traces an Elliott Wave count showing the token finishing a textbook Wave 2 correction […]<\/p>\n","protected":false},"author":0,"featured_media":60268,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-60267","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/60267"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=60267"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/60267\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/60268"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=60267"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=60267"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=60267"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}