XRP news today: XRP Faces Crucial Test at $2.25, Analyst Eyes $2.00 Support

XRP, the cryptocurrency, has started the new month at a critical juncture, with a popular trader, CasiTrades, highlighting the $2.25 zone as a pivotal level. This zone, which was previously a breakout pivot, is now seen as the battleground for the next significant move. CasiTrades, in a post on X, described the current pullback as a retest of the broken support turned resistance, which has triggered a three-wave corrective sequence. The analyst predicts that the sub-wave B has ended with Wednesday’s return to $2.25, leaving a potential C-wave move toward $2.00 as the scenario to monitor.

CasiTrades also allows for the possibility of a deeper intraday liquidity sweep, noting that if this final leg plays out with momentum, there’s a strong chance that the price could drop to $1.90. This price level has not been visited since XRP’s breakout earlier this quarter and coincides with both the 0.50 Fibonacci retracement of the entire advance off the correction lows and the 0.618 retracement of the most recent leg. These retracement depths are often treated as high-probability reaction zones by many technicians.

Short-term momentum gauges suggest that the corrective phase may be nearing its end. CasiTrades noted that on lower time-frames, the Relative Strength Index (RSI) is flashing exhaustion, indicating that this dip may be short-lived. The analyst views the prospective flush as the final touch of support before XRP flips $2.25 and moves higher, reiterating upside targets at $2.68, $3.00, and beyond once it breaks out cleanly.

For now, the bigger picture remains unchanged, according to the analyst. All signs point to one final flush before the structure is ready to launch higher. Market participants will be watching the $2.00–$1.90 belt for evidence that buyers are defending the midpoint of the recent rally. A convincing reclaim of $2.25 would validate CasiTrades’ thesis that only a critical back-test stood between XRP and the next leg toward multi-year highs.

At the time of reporting, XRP was trading at $2.21, slowly grinding upwards from the crucial $2.00 support zone. The analyst’s predictions are based on technical analysis and market trends, providing a cautious yet optimistic outlook for XRP’s future performance. The market will be closely watching the $2.00–$1.90 belt for signs of buyer support and the potential for a breakout above $2.25, which could signal the next leg of the rally toward multi-year highs.