Search results for Casitrades
Crypto
Caution persists despite XRP rebound; key is regaining $1.65
XRP has rebounded sharply from the $1.09 support area, shaking earlier expectations of a further drop to $0.90. Market analyst Casitrades said the move could signal a bottom and the start of a new uptrend, citing technical signals including a 0.786 Fibonacci retracement and a strong RSI reading. She said the market needs to confirm $1.30, now resistance, and ultimately regain $1.65 to invalidate the downside scenario.
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.
