Crypto analyst CasiTrades has shared an important update regarding XRP’s recent price movement, emphasizing technical structure over weekend volatility. On Sunday morning, XRP experienced a sudden price spike, which CasiTrades attributes to the resurfacing of an old ETF-related article. The article appeared without a visible date, leading many to treat it as fresh news. According to the analyst, the resulting price action was not indicative of true organic buying pressure, but rather typical of weekend market behavior when liquidity is thinner and volatility can exaggerate price moves. Despite the brief surge, XRP moved above the $2.24 resistance level. CasiTrades pointed out that this resistance has been a major focus for several weeks. During the spike, XRP reached $2.27 but quickly faced strong rejection. As of the latest update, XRP is back retesting the $2.24 area now acting as resistance again. CasiTrades stressed that until XRP can reclaim and successfully close above $2.24, the technical structure remains vulnerable to a move toward deeper support levels. The $2.24 mark remains a critical level for maintaining bullish momentum. A confirmed reclaim above this level would be necessary to validate the continued upward trend . Failure to do so could open the door for a pullback toward lower Fibonacci support zones identified on the chart, including areas around $2.08 and $1.95, and further down toward the $1.87 to $1.85 range. Focus on Clean Technicals Over News Headlines The analyst reminded followers that the weekend session typically presents less reliable trading signals due to thinner market liquidity. Price movements can appear more dramatic in such conditions than during regular weekday trading sessions. Additionally, circulating outdated or misleading headlines can further distort short-term price action. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 CasiTrades stresses the benefit of focusing on clean technical chart patterns rather than reacting to external noise or sudden news events. In the posted chart, key Fibonacci levels were drawn to illustrate major support and resistance areas. Notably, the .382 Fibonacci level around $2.24 has been labeled as “major support” that now functions as resistance following the rejection. Other key levels identified include the .5 retracement at approximately $2.08 and the larger support zone between $1.87 and $1.85. The attached RSI (Relative Strength Index) indicator showed XRP approaching overbought conditions during the spike, suggesting the rally was unsustainable without significant volume or real buying interest. In closing, CasiTrades suggested that a bigger technical picture is forming beyond the immediate weekend volatility. While short-term reactions to headlines may generate temporary price movements, the real focus should remain on whether XRP can reclaim the $2.24 level with strong confirmation. Until that happens, the market structure remains cautiously neutral to slightly bearish, with attention on lower support areas if selling pressure increases. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post XRP’s Recent Spike: There Is a Bigger Picture Forming appeared first on Times Tabloid .