Did XRP Just Bottomed? Expert Explained What Just Happened

XRP has started to stabilize after testing a major support zone, with crypto analyst CasiTrades (@CasiTrades) outlining the levels that could determine the asset’s next significant move.

In a recent market update, she noted that XRP reached the macro 0.786 Fibonacci support level near $1.09 before rebound. The recovery pushed its price toward a local 0.382 retracement level, which she identified as Wave A of a potential ABC corrective structure.

According to the analyst, XRP is now completing what appears to be a Wave B correction. She said that this wave targets the 0.5 retracement around $1.12, adding that XRP has continued to hold that area.

The chart accompanying her analysis shows XRP trading near $1.14 after rebounding from the recent price decline. Several Fibonacci retracement levels appear clustered between $1.12 and $1.29, creating a zone that could shape the next phase of price action.

Focus Shifts to $1.12 Support and $1.25 Resistance

CasiTrades believes the current structure could develop into a larger ABC relief rally if support remains intact. She noted that if this relief bounce develops as an ABC pattern, XRP should continue holding current levels before advancing toward resistance around $1.25.

Her chart identifies the $1.25 region as a key technical barrier. It aligns closely with the projected completion area for a Wave 4 recovery within the broader Elliott Wave structure shown on the chart. The analyst explained that the market is approaching an important stage in which traders may gain greater clarity on trend direction.

Two Possible Paths for XRP

The bullish scenario outlined by CasiTrades begins with XRP maintaining support around $1.12 and pushing through nearby resistance levels. In that case, price could challenge the $1.25 zone before moving higher. She stated that a break above $1.30 would signal increasing strength. According to her analysis, a move toward $1.65 would significantly strengthen the bullish case.

At the same time, her chart continues to track a larger corrective structure. The projected wave count suggests a possible path that first lifts XRP toward $1.25 before dropping to $0.90. That $0.90 zone appears prominently on the chart and aligns with deeper Fibonacci extension targets around $0.91 and $0.86.

For now, CasiTrades remains focused on the immediate reaction to the current support and resistance levels, with $1.12 and $1.25 as the most important.

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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