Expert Shares Quick XRP Update: I’m Watching for One of Three Things

XRP continues to defend a critical support area as traders watch for the next move. Recent price action has kept a bullish corrective structure in play, with one analyst identifying several possible paths that could shape XRP’s short-term direction.

CasiTrades (@CasiTrades), a well-known analyst, recently shared an update on XRP. She focused on the asset’s reaction to a major technical level near $1.09. She showed that the asset is currently holding the macro 0.786 Fibonacci retracement support, a zone that remains central to the current outlook.

ABC Structure Remains Active

In the update, CasiTrades said the market is reacting positively to the $1.09 support area. The analyst noted that the existing ABC corrective pattern remains intact despite XRP’s recent pullback, which went deep into the structure.

The chart shows the asset rebounding from the support zone before forming what appears to be a developing three-wave correction. The A-wave pushed higher before the B wave retraced into a local 0.618 Fibonacci level. A deeper retracement adjusted expectations for the pattern’s final leg.

CasiTrades stated that the deeper B wave has lowered the C-wave target from $1.25 to around $1.24. The chart highlights several Fibonacci levels between the current prices and the target area. The projected C wave extends toward the 1.236 and 1.618 extension zones, with the primary target sitting near $1.24.

Focusing on Resistance Levels

While support has held, resistance has become the focus. The descending orange trendline on the chart continues to cap price action. XRP recently tested that trendline before pulling back, showing that sellers remain active at higher levels. A successful break above that line would strengthen the case for a continued recovery toward higher resistance zones.

CasiTrades outlined three potential scenarios. First calls for a standard ABC correction that reaches approximately $1.24. The second envisions a more complex ABCDE consolidation pattern. Recovery would remain limited, with resistance near $1.185 already tested during the A-wave advance.

The third scenario involves a stronger breakout that pushes XRP above $1.30. A move through nearby resistance could place XRP on a path toward the upper boundaries of that formation.

The Longer-term Outlook

Beyond the short-term outlook, CasiTrades identified a higher price level that traders should continue monitoring. She noted that XRP must break $1.65 and flip it to support to eliminate the chance of falling to $0.90. For now, the focus remains on how the asset behaves around current resistance and if it can defend the $1.09 support level.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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