Crypto analyst CasiTrades has issued a cautionary warning regarding XRP’s price action, emphasizing that the digital asset risks falling as low as $1.5 unless it manages to break and hold above a crucial price level of $2.42.
Key Price Levels and Risk of a Drop
CasiTrades explained in a post on X that XRP is currently facing a critical moment. The price needs to establish support above $2.42 to maintain its bullish momentum. Failure to do so could lead to a significant drop to $2 or even $1.54, she warned. The analyst added that reclaiming the $2.42 level is essential to avoid this downside scenario, with the next upside targets for XRP being $2.70 and $3.05.
Current Price Action and Market Conditions
Despite recent challenges, including a retracement following Donald Trump’s announcement of XRP’s inclusion in the crypto strategic reserve, CasiTrades noted that the broader market structure remains intact. The price of XRP has stayed above the W1 territory, avoiding new lows, which supports the possibility of a “wave 4 correction” and potentially a new high in the future.
Bullish divergences across multiple timeframes and the Relative Strength Index (RSI) also suggest an ongoing uptrend. As long as the price holds above $2.42, CasiTrades remains optimistic, maintaining that the bullish scenario is still in play.
However, she cautioned that a failure to stay above this key support level could signal a deeper retracement, bringing XRP back toward lower levels such as $2 or $1.54, especially if sellers gain control.
What’s Next for XRP?
As the market waits for confirmation from buyers, XRP’s price trajectory hinges on whether it can maintain its position above the $2.42 threshold. Should this level hold, the next targets are $2.70 and $3.05, with potential for even higher gains. But if it falters, the price may revisit lower levels, and further corrections may be necessary before XRP can resume its bullish trend.
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