NewsBTC

22 April 2025

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Analyst CasiTrades Indicates XRP Price Action Nearing Decisive Phase

The XRP price action may be approaching a decisive phase, according to analyst CasiTrades. The current price is $2.07, with resistance identified at $2.10–2.17 and support levels at $1.90 and $1.55.

Key Points

• XRP remains within a structural range since early April.
• A failed rally peaked at the 0.618 Fibonacci retracement level of $2.118.
• Support levels are noted at $1.90 (0.5 retracement) and $1.55 (0.618 retracement).
• Current trend shows a short-term bearish divergence in the relative strength index (RSI).
• CasiTrades suggests a need to test major support levels before a potential breakout.
• The analysis frames XRP's movement as an Elliott Wave corrective pattern, currently in Wave 2.
• Possible targets for a future move include $6.50, $9.50, and over $12 based on Fibonacci extensions.
• Urgent resolution is anticipated within April due to narrowing time constraints.

At press time, XRP traded at $2.07.