Analyst Says “The Clock Is Ticking” For XRP — Here’s Why

Source Newsbtc

The long‑running stalemate in the XRP price action may be entering its decisive phase, according to market technician CasiTrades (@CasiTrades). In a chart update shared on X, the analyst stresses that “XRP’s setup has not changed – but the clock is ticking,” underscoring that the token remains confined to the same structural range that has contained it since early April.

Why The “Time Is Ticking” For XRP

The one‑hour Binance chart published by CasiTrades prints XRP at $2.07. A failed rally earlier in the session stopped precisely at the 0.618 Fibonacci retracement of the March‑to‑April downswing, labelled on the chart at $2.118. “XRP attempted a breakout alongside BTC but stalled at the 0.618 retracement, which is a common level for exhaustion. The rejection came fast, and now momentum is pulling us back toward support,” the analyst writes.

XRP price analysis

Horizontal supply blocks in the $2.10–2.17 region reinforce that resistance. Below, successive bands of medium‑term support appear at the 0.5 retracement ($1.90) and at the deeper 0.618 level ($1.55), both highlighted in green and annotated as “major support.” Relative‑strength index data in the sub‑panel show a short‑term bearish divergence – price flat while the RSI slopes lower – hinting that the most recent advance may be tiring before reaching overbought territory.

“Nothing about the bigger picture has changed. In fact, this just reinforces what I have been saying, we likely still need to sweep major supports like $1.90 or $1.55 before XRP is ready to break out. This should not continue to drag on… Momentum in crypto shifts quickly. We could tag those support levels and launch into Wave 3 very very soon,” Casi writes.

She frames the entire structure as a classic Elliott Wave corrective pattern. A sharp three‑leg “ABC” decline from the early‑April peak ended in mid‑month, and the market has since been carving out what the analyst still regards as Wave 2 of a much larger impulsive sequence.“ XRP is still in Wave 2. Everything still supports a macro breakout. Until then, I am watching key levels and letting it play out,” he states.

Responding to a follower who asked whether any excursion to $1.55 would occur swiftly, CasiTrades replied: “Yes I do think if it goes for $1.55 it would be a fast recovery. The purpose of it would be to break resistances above by using that recovery momentum.” She added that his personal strategy is to deploy remaining cash at $1.90 and manage risk with a stop once the first bounce materialises.

The analyst’s conviction rests in part on Fibonacci time‑zone analysis first presented earlier this month. That framework – now in its third projected epoch – still allots room for a high‑velocity Wave 3 launch before April closes. “Momentum in crypto shifts quickly. We could tag those support levels and launch into Wave 3 very very soon!” she contends. Extension targets derived from standard Fibonacci multiples remain unchanged: $6.50 (1.618), $9.50 (2.618 and described as “most likely”), and “$12+” at the 3.618 extension.

For now, however, XRP is stuck between an overhead wall at $2.24 – the 0.382 retracement and the high of the putative Wave ( C ) – and a floor clustered around $1.90. Until either side of that corridor is breached with decisive volume, CasiTrades says “nothing about the bigger picture has changed,” but warns that the window for an April resolution is narrowing: “This should not continue to drag on… We are still in Fib Time Zone 3 according to that analysis.”

At press time, XRP traded at $2.07.

XRP price
Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Silver Price Forecast: XAG/USD rallies to $38.40 favoured by a softer US Dollar Silver (XAG/USD) is rallying for the third consecutive day on Friday, with bulls testing July 15 highs of 38.40 at the time of writing.
Author  FXStreet
13 hours ago
Silver (XAG/USD) is rallying for the third consecutive day on Friday, with bulls testing July 15 highs of 38.40 at the time of writing.
placeholder
Cardano (ADA) Flashes Bullish Signal—Is the Rally Just Beginning?ADA is now consolidating and might attempt a clear move above the $0.8650 zone.
Author  NewsBTC
13 hours ago
ADA is now consolidating and might attempt a clear move above the $0.8650 zone.
placeholder
Asian stocks climbed following record highs with gains led by Taiwan and AustraliaOn Friday, Asian stocks rose after U.S. markets hit new highs, supported by positive economic data and mixed corporate results.
Author  Cryptopolitan
13 hours ago
On Friday, Asian stocks rose after U.S. markets hit new highs, supported by positive economic data and mixed corporate results.
placeholder
AUD/USD advances further beyond 0.6500 amid notable USD weaknessThe AUD/USD pair is building on the previous day's bounce from the vicinity of mid-0.6400s, or a three-and-a-half-week trough, and gaining strong follow-through positive traction on Friday.
Author  FXStreet
14 hours ago
The AUD/USD pair is building on the previous day's bounce from the vicinity of mid-0.6400s, or a three-and-a-half-week trough, and gaining strong follow-through positive traction on Friday.
placeholder
Pound Sterling set for third straight week of losses amid growing UK labor market concernsThe Pound Sterling (GBP) remains near an over two-month low around 1.3375 during the European trading session on Friday.
Author  FXStreet
14 hours ago
The Pound Sterling (GBP) remains near an over two-month low around 1.3375 during the European trading session on Friday.
goTop
quote