Search results for CasiTrades
Crypto
XRP downtrend clear; where is the support level a veteran analyst is watching?
XRP has stepped up a downtrend after breaking below the lower boundary of a symmetrical triangle that had held for months. It traded around $1.14 on June 4, down 4 percent on the day and 14 percent over the week. Analyst Casitrades sees a third wave under way, with downside targets of $0.92 and $0.87. Derivatives data also show bearish positioning and heavy long liquidations.
Crypto
XRP faces further drop as analyst eyes $1.08 to $0.86 zone
XRP has fallen below a key support trendline on the daily chart, raising the risk of further declines, the Crypto Basic reported. Analyst Casitrades said XRP has broken down from a months-long symmetrical triangle pattern after failing repeatedly near $1.65 resistance. She identified $1.08 to $0.86 as a potential next buying zone if weakness persists. Derivatives data showed heavy long liquidations, while spot flows showed net outflows from trading platforms.
Crypto
XRP\'s pivotal level at $1.65; $1.10 and $0.87 mentioned if breakout fails
XRP is at a short-term crossroads after failing to break above the key resistance area near $1.65. Analysts say repeated rejections at the same level over the past four months leave both further downside and a rebound possible. Support has weakened, with XRP now below $1.36. Next support zones cited include $1.10 and $0.87, and another analyst has pointed to $0.73 if the price falls further.
