XRP has entered a crucial phase as the wave structure that traders have been watching for months is finally starting to take shape. With volatility increasing and key price levels approaching, the next few moves could provide valuable clues as to whether XRP is nearing a bottom or preparing for another lower period before a sustained recovery can start.
Crunching key support as the long awaited setup takes place
According to CasiTrades, the crypto market is finally showing the selling pressure that many analysts have been expecting for months. As a result, XRP has begun to break below a key support level, signaling that a correction may be entering a decisive phase.
The analyst explained that minor sub-wave developments are being closely watched to determine whether the market’s ultimate target will be around $1.10 or the $0.87 support zone. Based on the current structure, CasiTrades believes that XRP is forming a subwave 3 decline, a phase commonly known as the strongest and fastest part of an Elliott wave correction. Such waves often bring accelerated negative momentum and can quickly push prices toward major support areas.
From a technical standpoint, the 1.618 Fibonacci extension of the current move points to a target near $0.92. This level sits just above the long-discussed $0.87 support zone, strengthening the case that XRP may be approaching a critical stage.
XRP Predicted Plan: Crash, Bounce, Then One Last Test
CasiTrades current market plan for XRP outlines a projected trajectory consisting of three distinct phases. The initial expectation is a sharp move down towards the $0.92 level, followed by a relief back towards around $1.20, which is predicted to act as resistance. This time it ends with one final move down with the aim of testing the critical support zone at $0.87.
However, it is important to remember that market behavior rarely adheres perfectly to textbook projections. While this three-wave sequence represents the primary expectation, there is a distinct possibility that the market could deviate from that path.
If the reaction from the W3 low is strong enough, there is a real chance that XRP may not need a final wave to reach the $0.87 support. The earliest indication of this scenario would be price retaking key resistance levels and decisively breaking above $1.30 with clear strength.
We have been following the market for the last four months as this specific structure developed and we are finally reaching the most critical stage. As we approach these key levels, the upcoming price action will be decisive in determining whether the correction ends early or continues towards the final target.
