XRP opened the new month perched against a chart inflection that popular trader CasiTrades (@CasiTrades) describes as “one of the most important structural levels” for the token this cycle. In a post on X dated May 1, the analyst argued that the $2.25 zone—a former breakout pivot—has turned into the battleground on which the next decisive move will be forged.
XRP Price Faces Crucial Back-Test
“May begins with a critical back-test — XRP’s next move could [come] sooner than many realize!” CasiTrades wrote, framing the current pullback as a textbook retest of broken support turned resistance. According to the technician, failure to sustain bids above $2.25 last week triggered the formation of a three-wave corrective sequence. Sub-wave B appears to have ended with Wednesday’s brief return to $2.25, leaving what CasiTrades calls “a likely C-wave move toward $2.00” as the scenario to monitor.
The analyst allows for a deeper intraday liquidity sweep, noting
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