Despite a recent drop in price, market analyst Casi Trades believes that XRP maintains its bullish momentum. XRP recently retested the lower end of the $2 price level, causing concern among traders. However, Casi Trades remains optimistic, stating that XRP can sustain its bullish momentum if a major support level holds. XRP's recent drop comes amid a broader market downturn, with nearly 584,000 traders being liquidated. Casi Trades notes that a 0.382 retracement aligns XRP's Fibonacci extension targets with its all-time high of $3.50. She emphasizes the importance of the $1.94 support level and states that as long as it holds, the bullish targets are still achievable. XRP's price briefly dropped to $1.96 but has since recovered. Casi Trades had previously outlined two scenarios for XRP's price trajectory, and both scenarios still allow for a recovery. The analyst notes that the 1-hour chart confirms these technical commentaries, showing a descending structure that suggests the correction could soon come to an end. Major levels of support include the $2.31 and $1.94-$2.04 ranges, and the RSI indicator shows bullish divergence, hinting at buying pressure returning.



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