{"id":4982,"date":"2025-06-01T04:11:08","date_gmt":"2025-06-01T04:11:08","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/xrp-set-for-price-relief-but-only-if-bulls-defend-key-2-13-price-level-details\/"},"modified":"2025-06-01T04:11:08","modified_gmt":"2025-06-01T04:11:08","slug":"xrp-set-for-price-relief-but-only-if-bulls-defend-key-2-13-price-level-details","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/xrp-set-for-price-relief-but-only-if-bulls-defend-key-2-13-price-level-details\/","title":{"rendered":"XRP Set For Price Relief, But Only If Bulls Defend Key $2.13 Price Level \u2013 Details"},"content":{"rendered":"

Popular crypto analyst with X username CasiTrades has shared an interesting technical analysis on the XRP market that postulates a potential short-term price gain. Notably, XRP prices have dipped by over 7% in the past week amidst a general crypto price correction.\u00a0However, CasiTrades predicts there may be a window for quick price relief provided a specific support level remains valid.\n<\/p>\n

Scalp Setup Tips XRP For $2.25 Price Target\u00a0<\/strong><\/h2>\n

In an X post<\/a> on May 30, CasiTrades outlines a XRP trade set up that presents a potentially lucrative short-term trading opportunity.<\/p>\n

Notably, the analyst explains that XRP decline to its 0.118 Fibonacci retracement level at $2.196 has pushed into a familiar price region for short-term scalp trades.\u00a0Based on CasiTrades\u2019 analysis, the perfect entry zone for many investors lied at $2.20, with a price target of $2.253 at the 0.236 Fibonacci retracement level acting as the take-profit zone.<\/p>\n

 <\/p>\n

\"XRP\"<\/p>\n

The analyst explains that this is scalp setup that operates on the high chance of securing quick price relief. Therefore, a price surge to $2.253 is not indicative of impending price reversal.\u00a0 However, in the presence of strong bullish momentum, XRP is well-poised to move beyond $2.253 with potential targets set at $2.333, $2.395 and $2.456.\u00a0<\/p>\n

Notably, CasiTrades has identified the stop-loss for this trade set-up at $2.13. The analyst explains that market bulls must prevent a decisive price fall below this level as it would neutralize the validity of the entire scalp trade setup. In such a negative scenario, the altcoin is likely to experience further price decline with the next major support set around $1.77.\n<\/p>\n

XRP Price Overview<\/strong><\/h2>\n

At press time, XRP trades at $2.14 following a significant 4.86% decline in the past one day and 3.01% in the past thirty days.\u00a0Meanwhile, the asset\u2019s daily trading volume has increased by 57.32% suggesting a surge in selling pressure in relation to the ongoing price crash.\u00a0<\/p>\n

Based on its daily trading chart, XRP lies below its 200-day moving average indicating there is strong potential for the altcoin to maintain a downward trajectory and invalidate CasiTrades\u2019 scalp relief projection. Meanwhile, the token\u2019s Relative Strength Index currently stands at 36.47 and is headed for the oversold region which could potentially trigger a price rebound to around $2.30.<\/p>\n

With a market cap of $125.04 billion, XRP continues to rank as the fourth-largest cryptocurrency.\u00a0 Interestingly, market analyst with X username Crypto V backs<\/a> the altcoin’s bullish\u00a0 potential projecting a market cap of $790 billion before 2025 runs out.<\/p>\n

\"XRP\"<\/p>\n

Featured image from Pexels, chart from Tradingview<\/p>\n","protected":false},"excerpt":{"rendered":"

Popular crypto analyst with X username CasiTrades has shared an interesting technical analysis on the XRP market that postulates a potential short-term price gain. Notably, XRP prices have dipped by over 7% in the past week amidst a general crypto price correction.\u00a0However, CasiTrades predicts there may be a window for quick price relief provided a…<\/p>\n","protected":false},"author":1,"featured_media":4983,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[149],"tags":[150,363,2610,1796,153,154],"class_list":["post-4982","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-xrp","tag-xrp","tag-xrp-price-prediction","tag-xrp-quick-price-relief","tag-xrp-support","tag-xrpusd","tag-xrpusdt"],"_links":{"self":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/4982","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/comments?post=4982"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/4982\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/4983"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=4982"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=4982"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=4982"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}