XRP News Today: XRP Faces Crucial Test at $1.90 Support Amid Market Uncertainty

XRP, the cryptocurrency associated with Ripple, is currently facing a critical juncture as it approaches key support levels. The asset has recently experienced downward pressure, with its price falling to $1.99 after briefly climbing above $2.01. This volatility is occurring amidst a tense macro environment and uncertainty across global markets.

Renowned crypto analyst CasiTrades has identified the $1.90 level as a crucial support zone for XRP. This level previously triggered a sharp bounce and a clear bullish divergence on the 1-hour chart. However, XRP failed to break through local resistance, causing the bounce to fade quickly. CasiTrades believes that another test of the $1.90 support level is imminent. If this level is cleanly tagged and accompanied by fresh bullish divergence on both the 1-hour and 4-hour charts, it could signal a firm bottom and set the stage for a significant upside move.

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.” This pattern, where price nearly touches a key support, rebounds, then returns for a final test, often marks the formation of a true bottom. If XRP follows a similar path, the next touch of $1.90 could be the final low before a strong bullish reversal.

Despite recent weakness, XRP continues to trade within its broader macro range. The key resistance level remains $2.13. Until XRP breaks above this threshold and turns it into support, bulls must stay cautious. On the downside, $1.90 remains the most immediate support, with $1.55 serving as a deeper level to watch should bearish pressure intensify. CasiTrades emphasizes that nothing is confirmed yet, but current developments suggest that the bottom could be forming. The coming days will be crucial in determining whether XRP is ready to launch its next major move.

With geopolitical tensions and market uncertainty at elevated levels, traders are closely watching this retest of the $1.90 zone. If XRP delivers a strong reaction, confirmed by momentum indicators, it could mark the end of the current correction and the start of wave 3. For now, XRP holders are urged to stay alert as the market approaches a potential turning point.