XRP has entered a critical technical zone, according to crypto analyst CasiTrades, as the asset hovers just above $1 and attempts to establish support at significant Fibonacci retracement levels. CasiTrades, active on X as @CasiTrades, has been tracking price developments and recently highlighted that XRP’s performance in this range could determine whether a long-anticipated breakout is triggered soon or postponed for several months.
Analyst sees compression at crucial Fibonacci levels
CasiTrades noted that XRP is “floating between major levels” after it slipped below the macro 0.786 Fibonacci retracement. This compression between notable support zones, especially given the lack of a clear upward or downward resolution, makes the current situation pivotal for the digital asset.
With XRP’s price currently near $1.0334, the analyst emphasized the tense environment as buyers and sellers wait for a decisive move.
The analyst wrote that XRP is “essentially floating between major levels,” and highlighted that “we are testing levels that could change the timeline by months.”
These levels refer to ranges around $1 and $0.90, which CasiTrades described as key zones where significant support might prevent further declines—if held successfully.
Possible scenarios for XRP’s next move
The analyst mapped out two potential outcomes. In the first scenario, if XRP forms a double-bottom pattern at around $1, this would reinforce a bullish wave structure and suggest the current trend remains intact. CasiTrades refers to this outcome as the “new-trend scenario.”
If, however, XRP drops towards $0.90 and sets a new local low, the existing wave count would reset, forcing the price to build a fresh impulse structure before any major upward movement. This would likely result in a prolonged wait for traders anticipating a breakout move.
| Scenario | Trigger | Implication |
|---|---|---|
| Bullish double-bottom | Holds $1 support | Quick return to rally, maintains trend |
| New local low | Drops to $0.90 | Delays breakout, resets wave count |
Macro targets remain active above key threshold
Despite the uncertainty, CasiTrades affirmed that the broader market thesis for XRP’s long-term gains remains intact. She stated that double-digit price targets continue to be valid unless XRP breaks below the $0.77 low set in October 2025. As long as this key threshold holds, the larger bullish narrative is still in play.
Technical focus: RSI bullish divergence emerges
The analyst is watching a potential bullish divergence on the Relative Strength Index (RSI), particularly visible on the 1-hour chart since early November. While XRP’s price trend continues to slip, the RSI has been forming higher lows—often considered a sign that downward momentum is losing strength and a trend reversal could be setting up.
According to CasiTrades, the critical signal will be whether the bullish divergence trendline holds. If it does, it may support the view that XRP is establishing a new base, rather than heading into a deeper decline.
Mini dictionary: RSI (Relative Strength Index) is a momentum indicator used in technical analysis to measure the speed and change of price movements. An RSI above 70 typically signals an overbought condition, while an RSI below 30 indicates an oversold asset.
Break above $1.65 needed for confirmation
CasiTrades maintains that no confirmation of a lasting bottom exists until XRP breaks above $1.65 resistance. Until this breakout occurs, traders should continue to monitor the $1 and $0.90 support zones for further signals.
She reiterated her strategy, focusing on defending these support levels and watching for ongoing RSI divergence. The market’s reaction in the coming sessions, she observed, will clarify whether XRP is gearing up for its next substantial rally or if a more extended consolidation period awaits.
