Fun

XRP At Make-Or-Break Technical Zone, Crypto Analyst Warns

News Feed - 2025-05-07 08:05:09

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español.


XRP is pressing into a confluence of Fibonacci supports that could decide whether the late-2024 rally extends or snaps, according to a one-hour chart shared on X by independent analyst CasiTrades. The token last changed hands at $2.0995 on Binance when the snapshot was published, down 0.16% on the session but hovering only a few cents above the 38.2% retracement of the late-April rally. XRP Is Building Momentum


Explaining the significance of the current pullback, CasiTrades wrote, “Momentum is starting to pick up, and XRP is dropping to one of the most critical support tests we’ve seen in weeks.” The chart anchors its Fibonacci grid on the $2.3622 swing high set April 28 and the $1.6169 low printed April; 7 from that range, the 38.2% retracement lies at $2.0775, the 50% cutback at $1.9896, and the golden-ratio 61.8% level at $1.9016. XRP price analysis | Source: X @CasiTrades


CasiTrades highlights the 38.2–50% corridor from $2.078 to $2.00 as “the key support region”, adding: “This zone has acted as a pivot point in the past, and it’s where we could see the market start to turn if strength returns.” Related Reading Major XRP Accumulation Alert: Wallets Holding Over 10,000 Coins Cross 300,000 1 day ago


Price action since the $2.36 high is mapped as a textbook A-B-C corrective pattern. Wave (A) carried XRP below the 23.6% retracement at $2.1863; wave (B) attempted to retest overhead supply but stalled just shy of the peak; and the active wave (C) is sketched by a magenta arrow pointing directly into the $2.00-to-$1.90 pocket. “We may still see one more flush or surprise drop targeting the major $1.90 before momentum shifts,” the analyst cautioned, noting that such moves tend to “move quickly, and by the time it’s obvious, the opportunity will probably be gone.”


Internally, momentum is already hinting at exhaustion. The one-hour RSI has carved successive higher lows from the end of April through early May even as spot prices have edged lower, forming a clear bullish divergence accentuated by a rising black trend-line. The oscillator is drifting just under the 40 handle, suggesting selling pressure is losing force as price drills into support. “On the lower timeframes, RSI is showing signs of selling exhaustion, and the price action is beginning to compress, often a signal that a bigger move is on the horizon,” CasiTrades observed. Related Reading Crypto Pundit Says XRP To $10 Is Just The Start 2 days ago Key Resistance Targets


Above the market, Fibonacci levels from a broader swing create an orderly ladder of resistance. A crimson band near $2.2559 marks the 38.2% retracement of an earlier macro impulse and is flagged as “.382 major support” turned resistance until reclaimed. Beyond that, the 11.8 percent line crosses at $2.2743, with the prior peak at $2.36 capping the short-term range. “Off these supports, we’re looking for XRP to gain the strength to break past $2.25, $2.68, and beyond,” the analyst told followers, adding, “This is the time to be alert!”


In the comment thread, traders debated whether Bitcoin and Wednesday’s Federal Reserve decision could deliver the final leg lower. “I’m thinking so too… ideally support tests are met with extreme strength and an impressive recovery,” CasiTrades replied. When asked where he would initiate a long, he advocated a laddered approach: “Ideally you’d ladder, $2.08, $2.00, and $1.90—sub-waves are pointing to $2.00 as the highest probable pivot support.”


At press time, XRP traded at $2.14. XRP maintains above key support | Source: XRPUSDT on TradingView.com Featured image created with DALL.E, chart from TradingView.com

News Feed

Biggest Movers: DOGE Nears 20-Day High, as TRON Also Surges
Biggest Movers: DOGE Nears 20-Day High, as TRON Also Surges DOGE was trading higher on Monday, as prices rose to their highest level in almost 20 days. TRX was also in the green to
Moody’s States Inflation Is Affecting Economic Recovery in Part of Latam
Moody"s States Inflation Is Affecting Economic Recovery in Part of Latam Moody’s, the asset quality rating agency, has warned the high rate of inflation that some countries
SEC’s Gary Gensler gets irked being asked about crypto
Jesse Coghlan6 hours agoSEC’s Gary Gensler gets irked being asked about cryptoSEC Chair Gary Gensler says he gets an “outsized ratio” of questions about crypto despite its relatively small size compared to the over
Machine Learning Algorithm Predicts XRP Price Direction For This Week, What To Expect
Este artículo también está disponible en español. The XRP price is currently trading at $0.554, having increased by 3% in the past 24 hours. However, XRP largely remains
New York IT Supervisor Faces up to 15 Years in Jail for Mining Bitcoin in the Office
New York IT Supervisor Faces up to 15 Years in Jail for Mining Bitcoin in the Office A New York IT supervisor is facing a possible sentence of up to 15 years in jail for mining bit
David Attlee48 minutes agoCentral Bank of Nigeria: eNaira no threat to financial stabilityNigeria’s central bank issued a press release in response to “news items on some media platforms,” suggesting that the eNair
Russia to Ban Banks From Using Messengers Like Telegram to Contact Customers
Russia to Ban Banks From Using Messengers Like Telegram to Contact Customers Financial institutions in Russia will not be able to communicate with clients through instant messenger
MTI Bitcoins Sent to Privacy Mixers as New Data Breach Exposes the Ponzi Scheme’s Top Earners
MTI Bitcoins Sent to Privacy Mixers as New Data Breach Exposes the Ponzi Scheme"s Top Earners In another twist to the Mirror Trading International (MTI) bitcoin
ESG Study Shows Bitcoin Mining’s Potential to Eliminate 0.15% of Global Warming by 2045, Claims No Other Technology Can Do Better
ESG Study Shows Bitcoin Mining’s Potential to Eliminate 0.15% of Global Warming by 2045, Claims No Other Technology Can Do Better In recent times, the impact of bitcoin mining on
Huobi Global Rebrands as Huobi, Introduces New Strategy
Huobi Global Rebrands as Huobi, Introduces New Strategy sponsored Huobi will endeavour to bring value to its business and provide secure and professional services to its users as it
Gaming blockchain Ronin records 2M daily active users: Token Terminal
Ezra Reguerra12 hours agoGaming blockchain Ronin records 2M daily active users: Token TerminalRonin blockchain surpasses every other blockchain in daily active users, recording a two million DAU count on July 29.2278 Tot
Crypto exploits near $1.4B this year as hackers target CeFi — report
Alex O’Donnell2 hours agoCrypto exploits near $1.4B this year as hackers target CeFi — reportAccording to data from cybersecurity firm Cyvers, stolen funds on centralized exchanges increased 900% year over year in th