XRP Set for Last Dip Before Surge: Cryptocurrency Expert

XRP has entered a new month resting on a pivotal chart point that trader CasiTrades considers to be “one of the most significant structural levels” for this cryptocurrency in this cycle. In a recent post, the analyst indicated that the $2.25 range—a prior breakout threshold—has become the determining factor for the forthcoming significant movement.

XRP Price Approaches Vital Checkpoint

“May starts with an essential re-evaluation—XRP’s next significant movement could unfold sooner than anticipated!” CasiTrades remarked, interpreting the recent pullback as a classic retest of prior support transitioning to resistance. The technician noted that the inability to maintain prices above $2.25 last week initiated a three-wave corrective structure. The B sub-wave seems to have concluded with a momentary rebound to $2.25 on Wednesday, suggesting what CasiTrades describes as a “potential C-wave drop towards $2.00” as a critical scenario to watch.

The analyst also considers the possibility of a deeper liquidity hunt, remarking that “should that last leg manifest with momentum, we might see a drop to $1.90,” a level not seen since XRP’s breakout earlier this quarter. The $1.90 zone aligns with both the 0.50 Fibonacci level of the total rise from the correction lows and the 0.618 retracement of the latest segment—two technical levels that many analysts regard as high-opportunity reaction points.

Further Insights

Indicators for short-term momentum suggest that the current correction may be nearing a conclusion. “On shorter time frames, RSI is indicating fatigue, implying that this decline may not last long,” the post continues. CasiTrades therefore views this potential last drop as “the final support touch before XRP surpasses $2.25 and really takes off,” with projected price targets at $2.68, $3.00, and even higher once a clear breakout occurs.

For now, the broader scenario “remains steady,” the analyst states. “All indicators suggest one last pull before the structure is prepared to ascend… Looking forward to the beginning of May! Monitoring closely—focusing purely on technical analysis!”

Further Insights

Investors will be closely observing the $2.00–$1.90 range for signs that buyers are successfully maintaining the midpoint of the recent surge. A solid reclaim above $2.25 would affirm CasiTrades’ position that only a “crucial retest” is needed for XRP to initiate its next advance toward multi-year peaks.

At the time of writing, XRP was trading at $2.21 and is gradually moving upwards from the essential $2.00 support zone.