Crypto analyst CasiTrades has presented a macro Elliott Wave analysis suggesting XRP’s ongoing year-long correction is nearing completion. She indicated that the end of Wave 2 could occur imminently, raising expectations among market participants for a potential shift in XRP’s price direction.
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AAPLThe macro Elliott Wave view
According to her shared chart on Binance, the asset completed a full five-wave impulse that peaked near its all-time high of $3.65 in early 2025. Since then, XRP has entered a corrective phase, which CasiTrades labels as the ongoing Wave 2.
The chart highlights that XRP is currently contending with the 0.786 Fibonacci retracement at $1.0041. She argued that this zone represents the final section of the correction and suggested the potential for a reversal at any moment.
XRP is approaching a critical point at the 0.786 Fibonacci retracement, and the end of this Wave 2 correction could occur any hour now.
Additional Fibonacci levels appear slightly lower on the chart, with the 0.618 retracement at $0.8668 and the 0.854 extension at $0.7742. These retracement markers cluster around the $0.87 area, which CasiTrades routinely identifies as a significant support zone for concluding the correction. She pointed to the recurrence of the $0.87 level on Binance, reinforcing its perceived importance across exchanges.
Mini dictionary: Elliott Wave Theory, a technical analysis method that suggests financial markets move in repetitive cycles or waves caused by investor sentiment shifts.
The price outlook and key levels
Her projected path for XRP forecasts a decline toward the $0.87 support zone, potentially followed by a strong upward reversal. The visual model extends the blue trajectory from this anticipated Wave 2 low, suggesting targets well above $3 in the years ahead if a full macro Wave 3 unfolds.
| Fibonacci Level | Price Level | Significance |
|---|---|---|
| 0.786 | $1.0041 | Current resistance |
| 0.618 | $0.8668 | Support zone |
| 0.854 extension | $0.7742 | Potential deeper support |
The Relative Strength Index (RSI) for XRP sits at 36.74, which is beneath the 40 threshold. This reading reflects persistent selling pressure but does not yet indicate a reversal. A shift in RSI from this zone would support the argument that a long-term price low may be forming.
Focus on the $0.87 support and analyst sentiment
CasiTrades has repeatedly signaled the $0.87 level as a vital support point throughout multiple posts, with several analysts sharing her view that XRP must drop below $1 before its next major rally. She emphasizes that such corrections often test investor conviction, reminding traders that these phases can cause many to lose sight of their bullish thesis.
She maintains that the macro wave structure for XRP remains unbroken. During her recent analysis, the asset was trading at $1.009 and moved slightly higher to $1.01 at the time of publication.
Corrections frequently lead to doubts among investors, but the underlying technical structure for XRP appears solid as long as the price holds near long-term support zones.
Expectations for a reversal
CasiTrades expects one final low for XRP, anticipating that once Wave 2 concludes, a significant upward trend could begin. Her model projects a sharp recovery from around $0.87 and acceleration into 2027, matching historic trends for a macro Wave 3 in Elliott Wave analysis. Such moves have previously marked the most powerful advances within this framework.
