XRP is trading at $1.2735. That price sits at a junction that crypto analyst CasiTrades (@CasiTrades) has been watching closely. She issued an urgent alert to her followers, asking them to pay attention to the major test happening.
The timing is significant. XRP has pulled back from highs near $1.65 after the surge in late September and is now pressing against a confluence of Fibonacci support levels that will likely determine its next directional move.
What the Chart Shows
CasiTrades published a 1-hour XRP/USD chart. The chart carries Elliott Wave labels and multiple Fibonacci levels that together build a detailed technical picture. The current price sits just above two Fibonacci levels stacked closely together.
The 0.618 retracement comes in at $1.2988. The 0.65 level sits at $1.2360. XRP is testing this zone now. CasiTrades labeled this area as wave 2, suggesting the corrective pullback from the September peak near $1.65 may be reaching completion.
The RSI indicator reads 31.76, sitting just above oversold territory. A bullish divergence is developing on the indicator, with price making lower lows while RSI forms higher lows. That divergence adds technical credibility to the support zone.
$XRP Gets ANOTHER test of support! 🔥 pic.twitter.com/AEX2CU6ftT
— CasiTrades 🔥 (@CasiTrades) October 24, 2026
The Bigger Structure
The chart labels a multi-wave impulse sequence from earlier in August. Wave 1 launched from below $1, starting with XRP’s notable rally at the end of that month. The decline that followed formed Wave 2. The current test is about to start Wave 3, which is often the biggest move in the cycle.
The orange channel on the chart shows a projected trajectory extending toward the $1.80 to $1.85 range into early November. A green support band sits between approximately $1.55 and $1.60. This zone previously acted as resistance and now becomes a recovery target if XRP bounces from current levels.
Key Levels to Watch
The 0.786 Fibonacci level sits at $1.0851. Below that, the 0.854 level comes in at $1.0904. CasiTrades’ chart places these as deeper support levels if the current zone fails. Those levels correspond to a prior consolidation area from late August.
On the upside, the 0.618 resistance at $1.6365 represents the first major target in a recovery scenario. The chart’s red horizontal line at $1.6432 aligns with that level.
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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