Casitrade’s latest market insights suggest that XRP is approaching a pivotal moment, as the cryptocurrency appears to be tagging its final low before a potential explosive breakout. Casitrade has closely monitored XRP’s price action, particularly its reaction to the 0.382 Fibonacci retracement level, which served as key resistance in the relief rally. As anticipated, XRP perfectly tagged this resistance before experiencing a pullback, reinforcing the importance of this technical level in shaping the next major move.
XRP Tagging Final Low!
Last night on the livestream, we were watching the .382 retracement as key resistance in the relief and sure enough, price tagged it perfectly and has since started to pull back.
Now, we’re heading for the final touch I’ve been anticipating:
… pic.twitter.com/MX62E4KW5z
— CasiTrades
(@CasiTrades) April 3, 2025
Final Touchpoint and Key Levels to Watch
As XRP moves downward, Casitrade highlights $1.95 as the prime target for the anticipated final touch. The alignment of subwaves at this level further strengthens its significance as a potential bottom. In the event of a more pronounced downward flush, a temporary wick to $1.90 could occur.
However, ideally, this level should hold, maintaining the bullish structure necessary for an imminent breakout. A deeper drop below $1.90 would force a complete reevaluation of the current trend count, potentially invalidating the bullish setup and signaling a prolonged corrective phase.
The Role of RSI and Market Sentiment
One of the most crucial indicators traders are watching is the Relative Strength Index (RSI). Casitrade emphasizes that if XRP experiences the anticipated flush to $1.95 or slightly lower, coupled with a bullish RSI divergence, this could confirm the formation of a strong bottom. Such a development would indicate weakening selling pressure and an impending bullish reversal, setting the stage for a powerful wave 3/3 breakout.
What Happens Next?
The upcoming price action will be a defining moment for XRP traders and investors. If the expected final flush aligns with bullish technical indicators, it could serve as the launchpad for XRP’s next major upward wave. Conversely, a break below $1.90 could trigger a reassessment of the trend, forcing analysts to adjust their projections and identify new potential support zones.
We are on twitter, follow us to connect with us :- @TimesTabloid1
— TimesTabloid (@TimesTabloid1) July 15, 2023
Market Implications and Investor Strategy
With all eyes on XRP’s next move, investors and traders are preparing for a highly volatile yet potentially lucrative opportunity. Many are adopting a watchful stance, ready to capitalize on a confirmed bottom signal, while others remain cautious, understanding the risks associated with a potential breakdown. Regardless of short-term fluctuations, the overarching bullish sentiment for XRP remains intact, especially given its broader market relevance and continued institutional interest.
Casitrade’s insights provide a compelling perspective on XRP’s immediate price trajectory, urging market participants to stay vigilant as the cryptocurrency approaches a defining technical juncture. Whether XRP finds support at $1.95 and rockets into a new bullish wave or experiences a deeper reset, the next few trading sessions will be crucial in determining its path forward.
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.
Follow us on Twitter, Facebook, Telegram, and Google News
