XRP Price Rebounds Above $2 Amid Analyst’s Bullish Outlook

The XRP price has shown a strong rebound, climbing back above $2 after early-December weakness. Analyst CasiTrades anticipated this movement, outlining a scenario where XRP's decline and subsequent bounce were predicted.

Key Technical Insights

CasiTrades identified the early-December drop as part of a subwave 2 setup, transitioning into a subwave 3 extension when XRP fell to $2.03.
The target was set near $1.90, aligning with Bitcoin's macro level around $79,000.
A chart analysis showed potential support regions between $1.80 and $1.64.
Selling pressure decreased, and momentum indicators like RSI indicated a bullish divergence.

XRP's price action turned bullish, supporting the notion of a reaction occurring at the $1.90 zone. The price rose from its lows, reclaiming momentum.

Potential Outcomes for XRP

A double bottom might form around the $1.80 to $1.88 region, depending on exchange data.
An alternative outcome could be a deeper move to $1.64, based on macro support levels.

These scenarios suggest possible paths for XRP's next movements, with potential for a larger breakout following these formations.