Crypto analyst CasiTrades has reiterated that XRP's macro outlook remains unchanged, despite a recent relief rally that saw the altcoin achieve double-digit gains. According to the results published in the material, her insights come as XRP reached a peak of 1.46, yet she emphasizes that the critical resistance levels have not been breached.
Price Movements and Broader Strategy for XRP
CasiTrades pointed out that the recent price movements do not signify a shift in the broader strategy for XRP. She highlighted that the altcoin has not established a new low, maintaining the existing macro plan. According to her, XRP's future trajectory hinges on two key scenarios:
- a drop to lower support levels at 1.11 or 0.87
- a breakout above the resistance at 1.67
Current Price Fluctuations and Future Predictions
The analyst expressed that until one of these conditions is met, the current price fluctuations are merely oscillations within the same range. She anticipates that selling pressure will intensify, leading to a potential wave 3 down, which she is closely monitoring. CasiTrades also noted that the subwaves are indicating a possible decline towards the lower macro support at 0.87, which could represent a bottom for XRP.
Buying Opportunities Below 1
Furthermore, she advised that any price below 1 could present a favorable buying opportunity, as she expects this downward movement to materialize within a timeframe of days to weeks.
In a recent analysis, crypto expert BarriC outlined two distinct scenarios for XRP's price rally, contrasting with CasiTrades' insights on its macro outlook. For more details, see XRP price predictions.
