XRP's Support Test Triggers Next Resistance Zone

Crypto analyst CasiTrades says that XRP's recent price action smells like she was right in her previous analysis. According to her charts, XRP has moved into a key technical area and respected an important support level near $1.08 before shifting attention to the next resistance zone.

The Relative Strength Index (RSI) also supports this setup, as it dropped close to oversold levels when XRP entered the green support zone. This suggests that selling momentum eased as price reached the projected destination.

CasiTrades has left her buy orders at $0.93, despite expecting a recovery. She believes that XRP requires one final decline before the next breakout begins and wants to see more price development and confirmation of her subwave structure before making any changes to her outlook.

According to CasiTrades' charts, XRP is targeting resistance near $1.12 after the support test, with additional resistance levels at the 0.382 Fibonacci retracement ($1.1242) and higher Fibonacci levels around $1.1341 and $1.1640.