Expert to XRP Holders: Another Test Coming, XRP Approaching Key Support

XRP is once again facing downward pressure as it edges closer to a critical support level. After briefly climbing above $2.01, the asset failed to maintain momentum, triggering a pullback. As of now, XRP trades at $1.99, highlighting increased volatility amid a tense macro environment and uncertainty across global markets. All Eyes on the $1.90 Support Renowned crypto analyst CasiTrades has flagged the $1.90 level as a key area to watch. This support zone previously triggered a sharp bounce and a clear bullish divergence on the 1-hour chart. However, as CasiTrades warned earlier, XRP never managed to break through local resistance, causing that bounce to fade quickly. With price now rolling over again, CasiTrades believes another test of $1.90 is imminent. “The market looks ready for that final touch to $1.90,” the analyst noted. If this level is cleanly tagged and accompanied by fresh bullish divergence on both the 1-hour and 4-hour charts, it could signal a firm bottom and set the stage for a significant upside move. Bitcoin’s Structure Mirrors XRP Interestingly, XRP’s price action appears to be following a broader pattern seen across the crypto market. Bitcoin recently bounced just shy of its macro 0.236 Fibonacci retracement at $97,000 before pulling back again—a behavior CasiTrades describes as a “classic structure.” This pattern, where price nearly touches a key support, rebounds, then returns for a final test, often marks the formation of a true bottom. If XRP follows a similar path, the next touch of $1.90 could be the final low before a strong bullish reversal. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Critical Levels Remain in Play Despite recent weakness, XRP continues to trade within its broader macro range. The key resistance level remains $2.13. Until XRP breaks above this threshold and turns it into support, bulls must stay cautious. On the downside, $1.90 remains the most immediate support, with $1.55 serving as a deeper level to watch should bearish pressure intensify. CasiTrades emphasizes that nothing is confirmed yet, but current developments suggest that the bottom could be forming. The coming days will be crucial in determining whether XRP is ready to launch its next major move. Final Thoughts With geopolitical tensions and market uncertainty at elevated levels, traders are closely watching this retest of the $1.90 zone. If XRP delivers a strong reaction, confirmed by momentum indicators and volume, it could mark the end of the current correction and the start of wave 3. For now, XRP holders are urged to stay alert as the market approaches a potential turning point. 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 advised to conduct thorough 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 The post Expert to XRP Holders: Another Test Coming, XRP Approaching Key Support appeared first on Times Tabloid .

Source: TimesTabloid