Analyst: I Still Think XRP Needs One Final Low Before Next Breakout. Here’s why

XRP has regained strength after bouncing from $1, but crypto analyst CasiTrades (@CasiTrades) believes the correction has one final stage before the market begins a much larger advance.

Her latest chart outlines a short-term decline into a major support zone before a bullish reversal takes shape. While she sees encouraging signs on higher timeframes, she expects lower-timeframe signals to align before XRP begins its next sustained move.

Momentum Builds Above $1

CasiTrades opened her latest market update by writing, “I Still Think XRP Needs One Final Low!” She acknowledged the asset’s recent recovery, saying the token is “finally getting some momentum off the $1 area.” However, she added that the move is not enough to invalidate the $0.87 support she previously outlined.

She also identified $1.09 as the key level to monitor in the short term. According to her post, XRP is currently testing that area as support. She expects its price to drop below it before the corrective phase concludes.

Chart Maps Path Toward $0.87

The attached chart combines Elliott Wave analysis with Fibonacci retracement levels, trend lines, and the Relative Strength Index to outline the expected price path. The projected wave count shows XRP completing a five-wave decline.

Wave (3) reaches the green support zone around $0.87, which aligns closely with the 0.854 Fibonacci retracement near $0.862. The chart then projects a Wave (4) recovery toward the $1.05 to $1.09 region before a final Wave (5) returns to the same support area.

Several descending trend lines also converge near that region. Together, those technical levels identify $0.87 as the primary area where CasiTrades expects the correction to end.

RSI Supports the Setup

The Relative Strength Index also supports her outlook. The indicator has recovered from recent lows, but the chart projects another decline toward oversold territory as XRP approaches its final support zone.

CasiTrades believes that move would complete bullish divergence across multiple timeframes. She believes one final move lower would allow those signals to align before a larger reversal begins.

The Outlook Remains Bullish

CasiTrades believes the next few days could prove especially important. She wrote, “This weekend could be one of the most important periods of the entire correction.” Her preferred target remains $0.87, although she also said the final bottom could develop at $0.93 or $1.

Despite expecting another short-term decline, CasiTrades remains confident about XRP’s longer-term direction. She believes the corrective structure is nearing completion and that a major reversal could follow once the final low forms, potentially sending XRP toward a new all-time high.

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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