A cryptocurrency analyst confirmed bullish expectations for Ripple ($XRP ), noting that the cryptocurrency's price movement is unfolding just as anticipated. The analyst points out that Ripple is now approaching the critical support level at $1.90, which could suggest a potential bullish reversal if the price can hold above it.

Ripple looks to the $1.90 level as a key reversal area

Cryptocurrency market expert Casi,,Trades believes that Ripple's price behavior is moving exactly as expected following its recent drop below $2. According to the chart and analysis published on X (formerly known as Twitter), Ripple's bounce towards the $1.90 area is not a sign of weakness but a typical setup for a potential reversal.

The $1.90 level represents a key Fibonacci retracement area, specifically the 0.5 retracement of the overall correction, which the analyst has been closely monitoring for a potential price reaction. According to Casi,,Trades, this area is more than just a random support level - it aligns with the pattern the analyst described in previous updates.

In these previous reports, Casi,,Trades has been monitoring distinctive price movements during the decline $XRP

, including a bounce from a key Fibonacci level, a short-term fake-out to catch late buyers, and a final drop back to the support area, where bullish divergence may develop. This distinctive price pattern appears to be unfolding just as expected on the XRP price chart. If XRP maintains the $1.90 level while forming bullish divergence on the Relative Strength Index (RSI), it could confirm a standard bottom setup and possibly signal the beginning of a new impulsive rise.

#XRP Bitcoin and XRP display synchronous patterns

Casi,,Trades' price chart shows that XRP is forming a descending triangle, with its recent movement declining to a high demand area characterized by previous price reactions. In line with Elliott Wave theory, this pattern indicates the completion of wave 2 with a massive breakout in wave 3 likely to form if the $1.90 support level holds. Additional support from key Fibonacci levels, such as the 0.618 and 2.136 extensions at $2.0 and $2.1 respectively, reinforces the potential for an XRP rebound.

Interestingly, the analyst notes that Bitcoin's price movement reflects this behavior exactly - bouncing from just below its 0.236 retracement level near $97,000, possibly preparing for a final drop in support. This synchronous structure across both XRP and BTC adds significant convergence.

Casi,,Trades notes that the current decline is not a crash, but rather a calculated final shake before a broader rise. If both Bitcoin and XRP reach the expected level while at $0.19 and $97,000 respectively, the analyst believes this could trigger a new bullish leg in the crypto cycle.

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