Analyst Warns XRP Holders: Don’t Let This Backtest Fool You. Here’s why

XRP has been trading near $1.24 after breaking below the $1.27 support level . Crypto analyst CasiTrades sees the price action as significant. Former support at $1.27 is now acting as resistance, and the current backtest of that level is being watched closely. CasiTrades issued a clear warning to followers: “Don’t let this backtest fool you.” The analyst believes the backtest holding as resistance sets up another leg lower. The $1.10 Target CasiTrades identifies $1.10 as the next major level to watch. The analyst describes it as XRP’s 0.786 Fibonacci support — a level that has not yet been backtested.