XRP Approaching Support Level 1.90: Turning Point or Continued Decline?

XRP is once again facing downward pressure as it approaches a key support level. After rising above $2.01 in the short-term, the asset has failed to maintain its upward momentum, causing a pullback. As of now, XRP is trading at $1.99, highlighting increased volatility amid a tense macro environment and uncertainty across global markets. All eyes are focused on the support level of 1.90 dollars. The famous cryptocurrency analyst CasiTrades has marked the $1.90 level as a key area to watch. This support zone has previously triggered a strong recovery and a clear bullish divergence on the 1-hour chart. However, as CasiTrades warned earlier, XRP has never been able to surpass the local resistance level, causing that recovery to quickly fade. With the price currently reversing once again, CasiTrades believes another test at the $1.90 level is imminent. "The market seems ready for the final touch at the $1.90 level," the analyst noted. If this level is clearly tagged and accompanied by new bullish divergence on both the 1-hour and 4-hour charts, it could signal a solid bottom and set the stage for a significant bullish move. The structure of Bitcoin reflects XRP Interestingly, the price action of XRP seems to be following a broader pattern seen across the cryptocurrency market. Bitcoin recently bounced just before the macro Fibonacci retracement level of 0.236 at $97,000 before falling back again—a behavior that CasiTrades describes as a "classic structure." This pattern, when the price is close to reaching the main support level, recovers, then returns to test one last time, typically marks the formation of a true bottom. If XRP follows a similar path, then the next touch at $1.90 could be the final low before a strong bullish reversal. Important levels are still in the game Despite the recent weakness, XRP continues to trade within its broader macro range. The main resistance level remains at $2.13. Until XRP surpasses this threshold and turns it into a support level, buyers must be cautious. On the negative side, $1.90 remains the most immediate support level, with $1.55 serving as a deeper level to watch if selling pressure increases. CasiTrades emphasizes that nothing has been confirmed yet, but the current developments suggest that a bottom may be forming. The coming days will be crucial in determining whether XRP is ready for the next big move. Final thoughts With geopolitical tensions and market instability at high levels, traders are closely monitoring the retest of the $1.90 area. If XRP reacts strongly, confirmed by momentum and volume indicators, it could mark the end of the current correction and the beginning of wave 3. Currently, XRP holders are encouraged to be cautious as the market approaches a potential turning point.