CasiTrades, a respected and influential figure within the XRP community, recently shared her optimistic perspective on XRP’s price action.
In a detailed post on X, she outlined an approach for navigating XRP’s movements, emphasizing patience and strategic entry points. Her insights, rooted in technical analysis, have resonated widely among traders and long-term holders.
In her post, CasiTrades issued a reminder to avoid impulsive trading. “Exciting times ahead, but a reminder to avoid chasing price action. Wait for the retracement to key levels (ABC, W4) and let the market structure confirm your entry,” she advised.
I'm back with an important update on #XRP!
Exciting times ahead, but a reminder to avoid chasing price action. Wait for the retracement to key levels (ABC, W4) and let the market structure confirm your entry.
Here's what I see-
Strong confirmation the lows are in ✅ with a… pic.twitter.com/16mb8ZmTDo— CasiTrades 🔥 (@CasiTrades) November 18, 2024
Key Levels to Watch
According to CasiTrades, XRP has shown strong signs of resilience with a bounce from key support levels, indicating that the market’s lows may be firmly in place. She pointed out two critical Fibonacci retracement levels that traders should monitor: 0.382 Fib level at $0.98 and 0.5 Fib level at $0.88.
According to her, these zones are where the next buy opportunity lies—perfect for anyone looking to add or who missed out earlier. These levels are not arbitrary but are derived from widely recognized Fibonacci retracement principles, which often guide traders in identifying potential support and resistance zones.
Market Structure and the Bigger Picture
CasiTrades highlighted the importance of confirming market structure before making entries. She noted that XRP is currently in a strong position, supported by ABC Pattern and RSI Momentum. The corrective wave targeting these levels aligns with her short-term projections.
On the daily chart, the Relative Strength Index (RSI) shows higher highs with no bearish divergence, signaling robust upward momentum. However, smaller timeframes reveal bearish divergence, suggesting a possible short-term correction to the ABC and W4 levels before a significant upward move.
In her words, “Short-term, we need to test the break to solidify the move (ABC),” this reinforces her belief in the importance of confirmations before executing trades.
Despite her focus on short-term movements, CasiTrades remains unwavering in her long-term outlook for XRP. She predicts a potential price surge to the $8–$13 range, a target that aligns with broader bullish sentiment in the XRP community. “No change in my long-term outlook: $8-$13 target is not too far from here. XRP is primed for something big!” she declared.
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What This Means for Traders
CasiTrades’ insights are a valuable reminder of the importance of discipline and patience in trading. Her focus on technical levels, market structure, and momentum indicators provides a clear roadmap for navigating XRP’s price action. For traders and investors, her analysis is a guide to balancing short-term opportunities with long-term goals.
As XRP continues to draw attention with its price movements, voices like CasiTrades play a crucial role in helping the community make informed decisions. Her blend of optimism and caution underscores the importance of strategic planning in a volatile market.
Whether you’re a seasoned trader or a newcomer, her advice to wait for retracements and confirm the market structure is a lesson in the trading discipline that could lead to rewarding outcomes.
With XRP showing promising signs, the future looks bright, and the journey to her ambitious $8–$13 target might be the beginning of something extraordinary. XRP trades at $1,09 as at the time of the report, attaining a $13 target would amount to an astronomical 1,092.66%.
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.
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