XRP News Today: XRP Tests Key Support at $1.90 Amid Bullish Hopes

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 edging closer to $1.90. This level is significant as it 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.

Renowned crypto analyst CasiTrades has flagged the $1.90 level as a key area to watch. With the price now rolling over again, CasiTrades believes another test of $1.90 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 before pulling back again—a behavior described 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.

XRP is currently hovering around the $1.87 neckline, testing the risk of a Head and Shoulders breakdown. Shrinking volatility and a weak ADX (Average Directional Index) suggest that a sharp price move may be imminent. This volatility could be driven by a variety of factors, including market sentiment and regulatory developments.

Adding to the complexity, a prominent crypto analyst has predicted that XRP could reach a fresh cycle top between $20 and $30. This forecast, based on the Elliott Wave Theory, suggests that XRP is in the final stages of a corrective wave before beginning a powerful multi-leg impulsive rally. The analyst has pinpointed a key Fibonacci confluence zone between $1.60 and $1.90, where XRP’s pullback is expected to find support. If the price does not fall below the $1.618 level, this area could serve as a springboard for the next bullish phase.

Despite the optimistic outlook, XRP has a historical track record of sluggish performance and ongoing skepticism within the crypto community. However, the analyst maintains confidence that the cryptocurrency will reach the ambitious $20-$30 cycle top, a move that could unfold well into 2026. The analyst also highlights that market psychology plays a central role in this bullish forecast, noting that XRP holders have weathered regulatory battles, market crashes, and years of stagnation. This resilience could be the key to the next bullish phase of XRP’s price action.

In summary, XRP is at a critical juncture as it approaches key support levels. While some analysts predict a potential rally to $20-$30, the cryptocurrency faces significant challenges, including bearish pressure and regulatory uncertainties. The coming days will be crucial in determining whether XRP can hold its support levels and potentially embark on a bullish reversal.