TimesTabloid 2025-04-14 21:08:23

XRP Reaches Key C Top: Analyst Tells XRP Holders to Prepare For What Is Coming

CasiTrades (@CasiTrades), a well-known crypto analyst on X, has confirmed that XRP has reached a key short-term high, labeling it as the conclusion of an ABC corrective wave. According to her latest chart, XRP tapped $2.24, aligning precisely with the 0.382 Fibonacci retracement level. This level was anticipated as a likely top in the current corrective structure. She stated that this move appears to finalize wave C of the corrective phase from the recent low of $1.72. The posted chart highlights a well-formed ABC pattern, clearly labeling each wave. The RSI data at the bottom of the chart further supports a potential reversal, showing bearish divergence as the price reached the top of wave C. CasiTrades noted this was showing signs of reversal, consistent with weakening momentum across multiple timeframes. XRP Reaching C Top! A few days ago, I walked you through two likely outcomes for #XRP : 1⃣ A continuation from the $1.72 low into a breakout 2⃣ Or, an ABC before a deeper correction And it looks like we just got our answer. $XRP tapped $2.24, right at the .382 retracement.… pic.twitter.com/uJWpPqbNIV — CasiTrades (@CasiTrades) April 13, 2025 Key Support Levels Now in Focus With the corrective wave likely complete, attention has shifted to identifying where XRP may find support before initiating its next major leg higher. CasiTrades pointed to $1.90 as the first significant level. This corresponds with the 0.5 Fibonacci retracement and is described as a “critical backtest area” for a possible short-term bounce. The asset recently dipped below this level after Donald Trump’s tariffs caused a market-wide collapse. This move also affected the stock market significantly, and experts projected that XRP could drop even further in the days following the announcement. However, the digital asset quickly recovered when Trump announced a 90-day pause on his tariff plans. It is now trading at $2.14. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Outlook for the Next Major Wave With the asset now trading above $2, CasiTrades presents two scenarios. The asset could either continue this rise and experience a massive breakout from the recent price decline or fall back and test lower levels before the price rally. The $1.55 area is considered crucial. This level, which aligns with the 0.618 retracement, is an Elliott Wave Theory Wave 2 target. The chart shows a green zone stretching from approximately $1.44 to $1.55, representing a key accumulation area if XRP dips to this level. Meanwhile, CasiTrades believes that either of these levels could be XRP’s next pivot. The overall structure suggests that XRP may soon complete its corrective phase, setting a strong bullish impulse. She advised traders to monitor price action closely at $1.90 and $1.55, where the next directional pivot is expected to form. CasiTrades expects “massive new highs” from the digital asset’s next move, and many other experts share this bullish sentiment . 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 urged to do in-depth 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 X , Facebook , Telegram , and Google News The post XRP Reaches Key C Top: Analyst Tells XRP Holders to Prepare For What Is Coming appeared first on Times Tabloid .

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