XRP Breaks Key Support Amidst Increasing Volatility
- XRP has broken below a key support level, indicating a more decisive correction phase.
- CasiTrades identifies the potential downside target for XRP between $1.10 and $0.87.
- The current wave structure suggests a subwave decline with a target near $0.92 based on the Fibonacci extension.
- A relief bounce is expected towards $1.20, with resistance projected at this level before testing the $0.87 support zone.
XRP is currently experiencing increased volatility as it breaks below critical support levels, signaling a potential continuation of its downward trend in the market structure being monitored over recent months.
