XRP has spent months building toward a decision. The price sits at $1.5090, consolidating below the $1.65 macro resistance level that has defined the chart since the rally off the lows near $0.93.
Crypto analyst CasiTrades (@CasiTrades) published a detailed technical breakdown of the current structure, outlining two distinct scenarios for what comes next.
A Structure Running Out of Room
The 4-hour chart shows XRP has formed a second, smaller consolidation pattern directly beneath the $1.65 resistance. That pattern is approaching its apex. CasiTrades notes this compression has developed over approximately two weeks since the last test of that level.
The $1.65 zone corresponds to the .618 Fibonacci retracement on the macro scale, a level she has tracked as critical to confirming trend direction. The RSI on the chart shows a contracting triangle pattern, reflecting the same compression visible in price.
Momentum has faded since the surge in September, and the indicator now sits at 52.89 and 52.45 on the dual lines, a neutral reading that offers no clear directional signal on its own.
Two Paths Forward
CasiTrades identifies a possible final push toward approximately $1.70 to complete the current wave structure. This would bring XRP back to its August peak. If the price reaches that level, she plans to watch RSI for “another degree of bearish divergence to confirm the larger top” before a Wave 2 correction begins.
The chart marks $1.7052 as the .618 extension target and $1.6568 as the .5 level within that zone. She also raises the alternate scenario directly. XRP “has a habit of failing its final 5th waves and heading straight into correction.” A new high is not required to complete the structure.
Given $1.65 resistance has already been tested, CasiTrades states her plan doesn’t change regardless of which path plays out.
Wave 2 Support Levels
If a correction begins, CasiTrades is watching $1.27 (.618 retracement) and $1.10 (.854 retracement) as key supports. She describes Wave 2 as potentially “aggressive and fast.” A drop to around $0.90 would reset the wave count entirely. Holding either support level keeps the larger bullish structure intact.
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The Breakout Case
CasiTrades also outlines what a confirmed breakout would look like. A sustained push toward $1.80, followed by a reclaim of $1.65 as support, would signal significant strength. She carries long-term double-digit targets of $10, $13, and $16 tied to the developing trend structure, and encourages watching current price levels closely as the subwaves develop.
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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