XRP Prepares for Final Dump Before Breakout, Cryptocurrency Analyst Predicts

XRP opened the new month with a movement on the chart that the famous trader CasiTrades (@CasiTrades) described as "one of the most important structural levels" for this token in this cycle. In a post on X on May 1, the analyst argued that the zone of 2.25 dollars—a previous breakout pivot—had become the battleground where the next decisive move will take shape. XRP price faces important Back-Test "May begins with an important pullback test — XRP's next move could come much sooner than many realize!" CasiTrades wrote, framing the current pullback as a textbook retest of a broken support level that has turned into resistance. According to technical experts, failing to maintain the bid price above $2.25 last week triggered the formation of a three-wave correction. Sub-wave B seems to have ended with a brief return to $2.25 on Wednesday, leaving what CasiTrades calls "a potential wave C move towards $2.00" as a scenario to watch.

The analyst allows for a deeper scan of daily liquidity, noting that "if the final leg unfolds as expected, there is a high likelihood that we will drop to $1.90," a price not seen since XRP broke out earlier this quarter. The $1.90 zone coincides with both the 0.50 Fibonacci retracement level of the entire rally following the corrective low and the 0.618 retracement level of the most recent leg—two retracement depths that many technicians consider to be high-probability reaction zones. Short-term momentum indicators are suggesting that the correction phase may be coming to an end. "On lower time frames, the RSI is flashing exhaustion, indicating that this downturn may only occur for a short time," the post continues. Therefore, CasiTrades considers the potential bullish move as "the last touch of support before XRP reverses the $2.25 level and begins the rally," reiterating price targets of $2.68, $3.00, and "break through once we clearly break out." For now, the bigger picture "remains unchanged," the analyst concluded. "Every sign points to a final rally before the structure is ready to go higher... Can't wait to see how May begins! Keep a close eye — not with hype, but pure technique!" Market participants will monitor the $2.00–$1.90 zone for evidence that buyers are indeed defending the midpoint of the recent rally. On the other hand, a convincing reclaim of the $2.25 level will confirm CasiTrades' argument that only a "significant pullback" stands between XRP and the next leg toward multi-year highs.

At the time the press reported, XRP was trading at $2.21 and XRP is gradually rising from the important support zone of $2.00 (red).