What just changed in XRP’s chart
XRP is finally showing the wave structure that traders have been watching for months, according to CasiTrades. In NewsBTC’s write-up, the main development is practical, not poetic: selling pressure is increasing and XRP is breaking below a key support level.
That matters because the analyst frames this as the correction entering a more decisive phase. With volatility rising and “crucial price levels approaching,” the next moves are treated as clues for whether XRP is nearing a bottom or setting up another leg lower before any sustained recovery.
The support break and the downside map
CasiTrades says the market is forming smaller subwaves that are being monitored to judge the eventual downside target. The two target areas discussed are around $1.10 and the $0.87 support zone.
The current read is a “subwave 3 decline.” In Elliott Wave terms, NewsBTC reports CasiTrades expects subwave 3 to be the strongest and fastest part of an Elliott Wave correction. That implies accelerated downside momentum that can push price quickly into major support areas.
On the Fibonacci side, the article cites a 1.618 Fibonacci extension pointing toward a target near $0.92. NewsBTC adds that this sits just above the longer-discussed $0.87 support zone, which CasiTrades treats as the next major area to watch.
The three-phase path: drop, bounce, final test
CasiTrades’ projected sequence for XRP has three phases. NewsBTC describes it like this:
- A sharp move down toward the $0.92 level.
- A relief bounce back toward roughly $1.20, framed as resistance.
- One final downward move aimed at testing the $0.87 support zone.
NewsBTC flags the key risk here. Markets rarely follow textbook paths precisely. So while the three-wave sequence is the primary expectation, the analyst also outlines an alternate outcome.
When the “final test” might not be needed
CasiTrades’ alternative scenario depends on how price behaves after the W3 low. NewsBTC says that if the reaction from the W3 low shows enough force, XRP may not require a final wave to reach $0.87.
The earliest signal in this version is bullish confirmation at the resistance level. NewsBTC reports CasiTrades would look for XRP to reclaim key resistance levels and break above $1.30 with clear strength.
In other words, the same chart is being used for two different stories. One expects a final test at $0.87. The other argues that a strong bounce could end the correction early.
XRP technical levels cited by CasiTrades (via NewsBTC)
| Item | Level(s) | How it’s used |
|---|---|---|
| Key support zone | $0.87 | Major downside test in the main scenario |
| Alternate downside target | ~$1.10 | Another level referenced from the subwave monitoring |
| Fibonacci-based target | ~$0.92 | Near-term objective above $0.87 |
| Bounce/resistance area | ~ $1.20 | Relief rally target, expected to cap |
| Bullish invalidation signal | > $1.30 | Would suggest the $0.87 final wave may not be needed |
Why traders are watching now
NewsBTC frames this as a “pivotal stage,” and the logic is straightforward. CasiTrades’ structure depends on what happens around the next set of levels, especially after the W3 low. If the market continues the subwave 3 decline, the path toward $0.92 and the later $0.87 test is the roadmap.
If the market bounces hard and clears $1.30, the correction may have an earlier endpoint than the main projection.
None of this removes risk. Elliott Wave-style targets are conditional, and the article itself stresses that outcomes can deviate. But the immediate takeaway is clear: XRP’s support break is now being treated as the moment where the chart’s next phase becomes measurable.
Featured image from Getty Images. Chart from TradingView.