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A crypto analyst has reaffirmed a Handy perspectives for XRPsuggesting that the action of cryptocurrency prices takes place exactly as planned. The analyst stresses that XRP is now approaching the level of critical support at $ 1.90, which could point out a potential optimistic inversion If the price manages to keep above.
XRP Eyes $ 1.90 as a key inversion zone
Cooitrades expert in the cryptography market believes that the XRP price behavior moves exactly as planned after its recent Lower prices below $ 2. According to the graph and the analysis published on X (formerly Twitter), XRP’s retrace to the region of $ 1.90 is not a sign of weakness but a configuration of manuals for a potential reversal.
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The level of $ 1.90 represents a major Fibonacci retracement area, in particular the 0.5 retraction of the macro correction, which the analyst has closely monitored a possible price reaction. According to CASITRADES, this area is more than a simple level of random support – it aligns with a model that the analyst has described in previous updates.
In these previous reports, Casitrades monitored separate price movements during the drop in XRP, including a rebound on a key level of Fibonacci, a short term at the top to trap late buyers and a last drop in the support area, where Optimistic divergence can develop. This separate price model now seems to be taking place exactly as planned on the XRP price table. If XRP holds above the level of $ 1.90 while forming a bullish divergence on the Relative force index (RSI)He could confirm a lower configuration of the manual and potentially report the start of a new impulsive rally.
XRP and Bitcoin display synchronized models
The Table of Casitrades Price shows XRP forming a descending triangleWith its latest movement plunging just in an area with high demand marked by previous price reactions. Online with the Elliott waves theoryThis model suggests the upcoming completion of wave 2 with a Massive escape in wave 3 Potentially take shape if the support level of $ 1.90 holds. Additional support for Fibonacci key levels, such as extensions of 0.618 and 2.136 to $ 2.0 and $ 2.1, respectively, strengthens the force of XRP potential for a rebound.
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Interesting fact, the analyst indicates the Bitcoin Action Price Reflecting this exact behavior – repercussions from its own recovery by 0.236 almost $ 97,000, and potentially installation for a final drop in the support. This synchronized structure through XRP and BTC adds a heavy confluence.
Casitrades notes that this current slowdown is not a ventilation, but rather a Final Shakeout calculated Before a wider rally. If Bitcoin and XRP both reach as expected as they position themselves respectively at $ 0.19 and $ 97,000, the analyst estimates that he could trigger a new leg raised in the cryptography cycle.
Getty Images star image, tradingView.com graphic
