CasiTrades Says XRP’s Technical Weakness Preceded Binance Headlines

XRP fell during a broader market sell-off on Friday, Oct. 30, amid headlines about a Binance security incident. CasiTrades said the headline accelerated the decline after XRP had repeatedly tested a lower trendline since Oct. 24, describing the technical weakness as already in progress. The analyst said the repeated trendline tests came before the headline. She characterized the news as speeding up a move that had already been developing. CasiTrades also said several altcoins were in corrective Wave 2 structures and approaching deeper Fibonacci retracement levels.