Crypto analyst CasiTrades (@CasiTrades) has posted a macro Elliott Wave chart suggesting the asset’s year-long correction is reaching its final stage. She noted that the end of Wave 2 could “quite literally happen any hour now!”
The Macro Picture
The daily Binance chart shows a complete five-wave impulse that peaked at the asset’s all-time high of $3.65 in early 2025. XRP has spent the time since correcting that entire move. CasiTrades labels the current zone as the tail end of a macro Wave 2, with the asset’s price now pressing against the 0.786 Fibonacci retracement at $1.0041.
ripple:native The end of this Wave 2 correction could quite literally happen any hour now! 🚨 pic.twitter.com/UeSBkdDSed
— CasiTrades 🔥 (@CasiTrades) August 13, 2026
Two deeper Fibonacci levels sit just below. The 0.618 retracement marks $0.8668, and the 0.854 extension sits at $0.7742. These levels cluster near the $0.87 support zone that CasiTrades has consistently targeted as the correction’s endpoint. She also notes that $0.87 appears on the Binance chart, reinforcing its significance across exchanges.
What the Chart Shows
The projected path shows XRP dropping from current levels into that $0.87 support zone before a sharp recovery begins. The blue trajectory extends from the Wave 2 low and targets prices well above $3 into 2027, consistent with a full macro Wave 3 advance.
The RSI reads 36.74, sitting below the 40 threshold. That level aligns with the corrective structure and reflects sustained selling pressure without yet showing a momentum reversal. A turn in the RSI from this region would support that a low is forming.
The $0.87 Zone
CasiTrades has maintained focus on $0.87 across multiple posts. Other analysts support this view, believing XRP must sweep below $1 before the next breakout. She posted a reminder for traders losing conviction during this period. She said corrections often make investors forget why they were bullish initially.
Her analysis suggests that the macro structure remains intact. At the time of her analysis, the asset traded at $1.009 and had risen to $1.01 at press time.
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One Final Dip
CasiTrades expects one final low for XRP. Once Wave 2 completes, the next major trend can begin. The chart projects a sharp recovery out of the $0.87 zone, with price accelerating into 2027. That move would constitute macro Wave 3, historically the strongest and most extended wave in an Elliott Wave sequence.
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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