CasiTrades (@CasiTrades), a respected crypto analyst on X, has highlighted a critical juncture for XRP following a notable price movement. According to her technical analysis, the digital asset is on the verge of testing a significant structural support zone between $2.25 and $2.26. This level aligns with the macro 0.382 Fibonacci retracement, marking it as a key area to watch in the short term. The current chart action follows a broader reaction across the crypto market, reportedly triggered by renewed macroeconomic pressure. CasiTrades noted that headlines surrounding tariffs contributed to the sudden rejection XRP faced near the 1:1 extension of the C wave. XRP On The Edge Of New Low- Critical Support Test Incoming! It’s been an eventful couple hours for the entire market, including $XRP – we’re heading straight into the crucial technical moment I was calling out… The reaction was triggered by a combination of macro… pic.twitter.com/vHRSOup0uY — CasiTrades (@CasiTrades) May 23, 2025 Bearish Structure Confirmed on the Chart The hourly chart CasiTrades shared shows a symmetrical triangle pattern that resolved bearishly, as the price broke down from the consolidation zone and headed toward lower support levels. Momentum indicators, such as the Relative Strength Index (RSI), reveal a bearish divergence, reinforcing the downside pressure. While other analysts have shared bullish short-term targets , the RSI on CasiTrades’ chart shows lower highs while the price made equal or slightly higher highs, signaling weakening buying interest even before the breakdown. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 A Crucial Support Zone CasiTrades highlighted the $2.25–$2.26 zone as immediate and crucial support. This level has acted as structural support over the last six months, and its confluence with the 0.382 Fibonacci retracement level adds to its importance. The analyst emphasizes that whether the asset can hold this area will likely determine the short-term trajectory of the asset. A successful defense of this support could send it toward the $2.70 area, which sits just above the 0.236 Fibonacci extension that acts as a major overhead resistance level. Deeper Levels in Focus if Support Fails However, if the support breaks decisively, analysts may start focusing on deeper retracement levels. The next major support appears near $1.90, corresponding with the 0.5 macro retracement level, and then at $1.55, which marks the bottom range of prior consolidations. Both these levels were pivotal during past market phases, and CasiTrades noted that they could come back into focus in the event of a continued decline. XRP is currently trading at $2.31 after a minor dip from yesterday. Analysts have set lofty targets for the asset in this cycle, and traders will closely monitor the $2.25–$2.26 level to gauge whether bulls can reassert control or the consolidation will continue. 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 on the Edge of New Low: Analyst Says Critical Support Test Is Coming appeared first on Times Tabloid .
