Renowned analyst CasiTrades claims XRP is demonstrating behavior typical of an end to a downtrend and the beginning of a reversal. He highlighted a key support level at $1.90.
XRP Testing Crucial Support at $1.90
As of report time, XRP is trading around $1.99 after pulling back from recent highs. Casi identifies $1.90 as a major support level, calling it the macro 0.5 Fibonacci retracement of the entire correction. Historically, this level marks market bottoms. He explained that a clean touch of this support, especially if accompanied by bullish divergence, could confirm a textbook reversal pattern.
Bitcoin's Confluence Strengthens Outlook
Casi's outlook is further strengthened by Bitcoin's matching structure. Over the past week, BTC approached its major retracement level — the 0.236 Fibonacci zone — near $97,000. It fell just short of touching it, bounced slightly, and now looks ready for a final move lower. Casi believes that if BTC tags $97,000 while XRP simultaneously hits $1.90, it would create a powerful confluence, a signal strong enough to trigger algorithmic buy orders across the market.
Final Shakeout Before Reversal?
Instead of viewing the current pullback as a bearish development, Casi sees it as the final shakeout, a move designed to flush out weak holders before a major upside move. The key now is whether XRP can hold $1.90 and whether BTC reacts positively to the $97,000 level. If both conditions are met, traders may witness the beginning of a strong multi-asset recovery.
All eyes remain on the charts, and if this pattern holds, it may signal the beginning of XRP's next leg higher.
