Ah, XRP, that delightful little cryptocurrency that seems to have more ups and downs than a toddler on a sugar high. Just recently, it flirted with the 0.382 Fibonacci retracement at a tantalizing $2.24, as our beloved crypto analyst Casie (@CasiTrades) pointed out. She dubbed this moment “XRP Reaching C Top,” which sounds like a euphemism for a bad haircut. But I digress! This level, she claims, is the upper boundary of the latest three-wave ABC pattern. And just like that, the RSI decided to throw a tantrum, signaling a potential short-term reversal. Because who doesn’t love a good plot twist? 📉
Now, where is XRP heading next? Casie, with all the confidence of a cat walking on a tightrope, suggested that either $1.90 or $1.55 could be the next big pivot. She labeled $1.90 as the 0.5 Fibonacci retracement and “a critical backtest area,” while $1.55 is the “golden .618 Fib retrace.” Sounds fancy, right? It’s like she’s hosting a Fibonacci-themed dinner party and everyone’s invited! 🍽️
On her chart, these price levels are marked as major supports, which could prompt XRP to bounce back like a rubber ball. Casie assures us that the bullish structure is still intact, but we need a little dip to confirm before we can all start dancing in the streets. 💃
In her follow-up commentary, Casie reiterated her bullish stance, declaring, “Breakout to new highs in April! Remember, ANY wave 3 extension target is valid—6.50 USD, 9.50 USD, 13 USD, 26 USD.” It’s like she’s throwing darts at a board of numbers and hoping for the best! 🎯
Her chart, originally shared in mid-March under the title “XRP Holding Strong, But Still in Waiting Mode!” (which sounds like my last relationship), showed that the project was already holding above $2.26. She called this level “the key .382 retracement support,” while also pointing out that higher targets at $2.70 and $3.05 are just around the corner, waiting to be discovered like a hidden treasure. 🏴☠️
Casie also mentioned that “XRP needs to break above $3.40 to confirm our new trend.” Until that happens, it’s like waiting for a bus that may or may not show up. Traders who follow her work will note that the RSI divergence on multiple timeframes has added to short-term bearish concerns. But don’t worry, the medium- to long-term picture still indicates a potential rally, as long as XRP can find its footing. 🦶
As of now, all eyes are glued to whether XRP’s pullback finds support at one of Casie’s highlighted Fibonacci levels. The price briefly dipped below $2.20 but has shown signs of faltering momentum, leaving traders to wonder if $1.90 or $1.55 will be the magical bounce zone. If XRP stabilizes at or above those areas, we might just see a shift in sentiment toward fresh highs—if the broader market decides to play nice. 🤞
Casie’s scenario of a wave 3 extension toward targets above $6 is still on the table, but the immediate question is how this asset will handle its current retracement phase. The structure appears bullish overall, yet the coming sessions will be critical in determining whether XRP’s current pullback lays the foundation for a sustained next leg higher. And as of press time, XRP is trading at a modest $2.16. So, buckle up, folks! 🚀
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2025-04-15 01:17