XRP Nears Crucial $2.04 Retest as Analyst Tracks Market’s Next Major Move

XRP is approaching the important $2.04 level, and the analyst indicates this test may guide how the broader market structure progresses next.

The analyst notes that holding the $2.04 level may keep the price aligned with targets at $2.41 and $2.65 as market momentum develops further.

A drop below $2.04, according to the analyst, may lead XRP toward $1.64, completing the macro .618 retracement before the next larger move.

XRP is currently in a key phase of movement as it heads into the area of the $2.04 level of support, which will be retested in a very large way. The current price action indicates increasing strength from the XRP market; however, participants in the XRP market remain cautious because this zone is a key support level that will be needed to establish the next larger movement of XRP within the market.

Retest Toward $2.04 Shapes the Short-Term Outlook

XRP is moving toward the macro .5 Fibonacci level at $2.04 after a recent bounce from a .618 local retracement. This move follows renewed discussion within the market, with CasiTrades noting the relevance of this structure on social channels. The analyst stated that $2.04 has been the most important level during the ongoing corrective phase.

The recent advance above the level suggests the market is preparing to confirm whether it can turn $2.04 into a stable support base. Price behavior at this zone may offer clarity on whether a broader recovery phase is forming. Traders are watching for a clean reaction that shows steady buying interest.

If the level holds, XRP may attempt to maintain its trajectory and keep its structure aligned with the current rebound. Market participants view this retest as a key point before any new move develops.

Possible Extension Toward $2.41 and $2.65 Resistance Levels

CasiTrades outlined a bullish scenario where XRP could attempt a break toward $2.41 if the retest is successful. This resistance has acted as a barrier during previous advances and remains part of the immediate structure. A move above that level may shift attention toward $2.65.

The setup suggests that buyers could attempt to confirm a new wave structure if momentum returns near the $2.04 region. Analysts view $2.65 as the next major checkpoint within this structure, offering a clear reference for traders tracking trend formation. Each step may help define the medium-term picture.

A sustained rise above these levels would support the idea that the macro low has already formed. In that case, the broader pattern may open the door to higher long-term targets noted in market discussions.

Failure at $2.04 Keeps $1.64 in Play

The bearish scenario presented by CasiTrades points toward $1.64 if $2.04 breaks during the next test. This level represents the macro .618 retracement and sits below the current structure. A move toward $1.64 would mark a deeper revisit of the broader correction.

The analyst noted that such a move would complete the larger retracement before the market attempts a new expansion phase. Traders monitoring long-term wave structures view this area as a potential final support if the current bounce weakens. Reaction at that level would shape expectations for the next cycle.

As the test approaches, market participants are focusing strictly on XRP’s response at $2.04. The price action around this zone is expected to steer the upcoming trend, offering clearer direction for both scenarios.

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