BroadChain News, April 24, 20:06, according to Bitcoinist, XRP is approaching the final resistance level of its current consolidation structure. Analyst CasiTrades pointed out that XRP has entered the final phase of a multi-wave consolidation, with Wave E marking the last line of defense before a breakout. Technical charts show that the price is moving towards a resistance cluster of $1.50 to $1.53, where the 1.618 Fibonacci extension level (approximately $1.51) converges with multiple overlapping retracement lines, and a descending trendline also intersects at this point, forming multiple technical pressures.
The analyst emphasized that XRP needs to hold the key support level of $1.39; a break below would disrupt the wave structure and cancel the expectation of an upward test of resistance. In terms of momentum indicators, the Relative Strength Index (RSI) is in the mid-range, indicating that the price still has upside potential but lacks acceleration momentum, supporting a gradual climb to the target area. Additionally, CasiTrades noted that if Bitcoin simultaneously moves towards the $79,000 resistance level, it could provide a time window for XRP to reach its own resistance.
If XRP encounters resistance and falls back in the $1.50-$1.53 area, the downside target would be the $1.09 to $0.87 range, corresponding to deeper support levels and Fibonacci retracement levels. Overall, this area is seen as the final resistance of the current consolidation structure, and whether it breaks through will determine the direction of XRP's next move.