XRP has reached a key juncture as a multi-month wave structure finally starts to crystallize, and traders are watching closely. With volatility picking up and pivotal price levels coming into focus, the next moves could reveal whether XRP is close to a bottom or still heading lower before a sustainable recovery can begin.
What CasiTrades is seeing
- Analyst CasiTrades says selling pressure the market has been bracing for is now materializing, and XRP has begun to break a meaningful support level. That break suggests the correction may be entering a more decisive phase.
- The analyst has been tracking smaller subwaves to determine whether the downside target would land near $1.10 or sink toward the longer-discussed $0.87 support zone. Based on the unfolding structure, CasiTrades interprets the current decline as a subwave 3 — the strongest, fastest leg in an Elliott Wave corrective sequence — which typically brings accelerated downward momentum.
Technical clues and targets
- A 1.618 Fibonacci extension of the present move points to a target around $0.92, a level just above the $0.87 support area and one that strengthens the case for an approaching critical phase for XRP.
- That extension lines up with the idea that this wave could push prices quickly into major support territory before any sustained rebound.
The likely roadmap (and the caveats)
CasiTrades’ scenario outlines three main phases:
1. A sharp drop toward roughly $0.92.
2. A relief bounce back to about $1.20, which would likely act as resistance.
3. One final leg down to test the $0.87 support zone.
However, markets rarely move exactly to plan. If the bounce off the wave-3 low is strong enough, XRP might skip the final descent to $0.87. The earliest sign of such a bullish deviation would be a decisive reclaim and break above $1.30 with convincing momentum.
Bottom line
After four months of monitoring this structure, CasiTrades says traders are entering the most critical phase. The coming price action around the $0.92–$1.30 range should provide the clearest clues about whether the correction is winding down or preparing for one more push lower. As always, these scenarios are probabilistic — not guaranteed — and traders should manage risk accordingly.
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