XRP News Today: XRP Nears Key Support Level at $1.90 Amid Potential Reversal Pattern

XRP, a prominent cryptocurrency, is currently exhibiting a classic setup that often signals the end of a downtrend and the beginning of a reversal, according to popular crypto analyst CasiTrades. In a recent market update, Casi outlined the precise behavior he was expecting, and XRP is now following that script almost perfectly. As of the latest report, 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, a level historically known for marking market bottoms. He explained that a clean touch of this support, especially if accompanied by bullish divergence, could confirm a textbook reversal pattern.

According to Casi, this process typically unfolds in three stages: first, a drop close to the major support zone; second, a short-lived bounce that gives a false sense of recovery; and third, a final sweep down to support, ideally triggering bullish divergence on momentum indicators. XRP appears to be entering that final phase now. In previous updates, Casi explained what he was watching for in this drop—price to come close to a major Fibonacci level, a small bounce to fake strength, and then a final touch to Fibonacci support, ideally forming a bullish divergence. This is exactly what he has been watching for, and the $1.90 level is key. If XRP forms divergence here, it could mark the perfect bottom.

What strengthens this outlook even further is 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. He emphasizes that this synchronized behavior across major assets is not random, but rather a common pattern seen before significant reversals. Markets often nearly hit support, bounce to fake strength, and then return for a final drop. That’s the moment algorithms are waiting for.

Rather than 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 be witnessing the beginning of a strong multi-asset recovery. The coming days could be pivotal for XRP, as price action near $1.90 will likely determine the short-term trend. For now, all eyes remain on the charts. If this pattern holds, it may not be the end, but the start of XRP’s next leg higher.

Ask Aime: Is XRP nearing a major reversal with a potential upside move?