XRP is once again feeling pressure as it approaches a significant support level at $1.90. After briefly rising above $2.01, the asset has failed to maintain that momentum.
Attention on $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.
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.'
Critical Levels Remain in Play
Despite recent weakness, XRP continues to trade within its broader macro range. The key resistance level remains $2.13. Current observations indicate that this level is critical for the bulls.
With current geopolitical tensions and market uncertainty, traders are closely monitoring this retest of the $1.90 zone. If XRP delivers a strong reaction, it could signify the end of the current correction and the start of new momentum.
