Crypto analyst CasiTrades (@CasiTrades) published a new XRP analysis, highlighting yesterday’s intraday plunge to about $1.61 after the widely watched $1.90 level gave way. “Overnight we saw $1.90 break down, and price flushed to around $1.61,” the analyst commented via X, pointing out that this sudden drop produced “new extremes on the RSI across the market” and came within striking distance of a previously identified support zone. XRP To Hit $13 In April? Since the crash on Monday, XRP has rebounded significantly, but the analyst now views $1.90 as “major resistance at this point” and underscores that the breakdown of the 0.5 Fibonacci retracement near $1.90, while disappointing for bulls, may still be consistent with a larger corrective scenario. Related Reading: XRP Confirms Head And Shoulders Breakdown: How Low Can It Go? The chart itself reveals an ongoing corrective Wave 2, as CasiTrades maintains: “I’ve believed for a while we were in a macro Wave 2.” He emphasizes that the breach of the $1.90 support level confirms that corrective pattern “more than it invalidates anything.” Below $1.90, the next crucial pivot, according to the chart, is the “golden .618 retr ..
Support the originator by clicking the read the rest link below.
