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XRP has opened the new month that sits against the turbine of the scheme described by Trader Casitrades (Casitrades) as “one of the most important structural levels” for the distinctive symbol in this session. In a publication in X on May 1, the analyst argued that the $ 2.25 region – a former break axis – has turned into the battlefield that will be forged the next decisive step.
The XRP price faces the decisive back test
“You may start with a critical rear test-you can move the following XRP [come] Soon sooner than many! Casitrades booksFrame the current decline as a re -test of textbooks for broken support that has turned into resistance. According to the technician, the failure to maintain price offers exceeding $ 2.25 last week caused the formation of an authentic sequence of three waves. The sub -wave it seems to have ended with a brief return on Wednesday to $ 2.25, leaving what Casitrades calls “a potential C wave of about $ 2.00” as a scenario for monitoring.
The analyst allows a deeper survey during the day, noting that “if this final station is playing with it batchThere is a strong opportunity because we reach $ 1.90, “The price level has not been visited since the outbreak of XRP earlier in this quarter.
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The momentum in the short term indicates that the corrective stage may run out of steam. “In low time tires, RSI flavorful, indicating that this decrease may be short -term,” the publication continues. Therefore, CASITRADES views the potential flow as “the final touch of support before XRP turns $ 2.25, which is based on races”, repeated the upward goals at $ 2.68 and 3.00 dollars and “behind the time we are running clean.”
Currently, the analyst concludes that the largest image “is still unchanged.” “All the signs indicate one The final flow Before the structure is ready to launch a higher … excited to see how it can start! Watch closely – not with noise, but pure techniques! “
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Market participants will see a 2.00 dollar belt to $ 1.90 for evidence that buyers are already defending the center point in the last gathering. A convincing recovery of $ 2.25, on the other hand, would About its highest levels in several years.
At the time of the press, XRP is traded at $ 2.21 and XRP slowly grinding up from the 2.00 dollar support zone (RED).
Distinctive image created with Dall.e, Chart from TradingView.com
