Analyzing CasiTrades’ Fibonacci wave strategy: using pullback levels to judge the strength of the structure. If price loses the 0.5 retracement level, the upward structure is considered weakened; the 0.618 retracement level is the defense line that bulls must hold. Only once price regains and stays above 0.5 can the structure be considered repaired.
With XRP currently at 1.32, up 3.2% in the past 24 hours, it has just broken through and is now in a retest. Looking from the current price perspective: staying above 1.32 is the repair signal, and the focus shifts to the previous swing high. If the retest fails and price continues moving downward, the area around 0.618 becomes the next level to watch—if it breaks, then you need to recount the entire wave structure from scratch.
In terms of pacing, keep a light position until the retest is confirmed. Consider adding only after reclaiming the 0.5 retracement level. #XRP
With XRP currently at 1.32, up 3.2% in the past 24 hours, it has just broken through and is now in a retest. Looking from the current price perspective: staying above 1.32 is the repair signal, and the focus shifts to the previous swing high. If the retest fails and price continues moving downward, the area around 0.618 becomes the next level to watch—if it breaks, then you need to recount the entire wave structure from scratch.
In terms of pacing, keep a light position until the retest is confirmed. Consider adding only after reclaiming the 0.5 retracement level. #XRP