Crypto analyst CasiTrades (@CasiTrades) is closely watching XRP. Price action on the 4-hour Coinbase chart tells a structured story, and she believes the next major move is already forming beneath the surface.
XRP currently trades around $1.02. CasiTrades says the asset is “STILL working its way toward the $0.87 macro support on Coinbase.” That level sits within a significant green demand zone visible on the chart, stretching roughly from $0.85 to $0.95.
Two Fibonacci levels converge near the bottom of that zone. The 0.618 retracement sits at $0.8301, and the 0.854 extension marks $0.8621. A third projection places the 1.618 extension at $0.8542.
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IMO, XRP is STILL working its way toward the $0.87 macro support on Coinbase. The expected pauses along the way are EXACTLY what we want to… pic.twitter.com/l9lFYTBZ39
— CasiTrades 🔥 (@CasiTrades) August 10, 2026
Elliott Wave Count Points Lower
The chart carries a full Elliott Wave count. CasiTrades labels the current move as part of a larger corrective sequence. XRP completed what she marks as wave 3 near $0.94 before staging a recovery. That recovery aligns with wave 4, which she projects to reach the 0.382 retracement at $1.0363. A fifth and final wave decline follows, targeting the $0.86 to $0.87 area near the support zone.
The projected path on the chart shows the price bouncing toward $1.0363 around mid-August, then reversing sharply through the $0.94 range before bottoming out near $0.86 ahead of September. This matches recent Polymarket odds showing a high chance that XRP will fall below $1 this month.
$1 Serves as the First Test
CasiTrades identifies $1 as the immediate level to watch. She calls it “a major psychological level AND Binance’s macro .786 retracement.” On the Binance 4-hour chart, that 0.786 retracement sits at $1.0041. She followed up by noting that Binance has still not tested its major 0.786 retracement at $1.
The Binance chart she shared projects a deeper corrective move. The 0.618 retracement on that chart sits at $0.8668, with the 0.854 level at $0.7742. A sharp V-shaped recovery follows the projected bottom near the end of August, targeting a return above $1.30 by October.
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Midweek Pressure Builds
CasiTrades expects the $1 consolidation to give way, with “momentum to build into a stronger break, potentially around midweek.” That aligns with the wave 4 peak before wave 5 accelerates toward $0.87.
The pause serves a technical purpose. It allows the RSI to cool off and selling pressure to weaken. The RSI reads 36.62, below the 40 threshold, consistent with the corrective structure she has mapped. XRP has remained above $1 for over 600 days, but this analysis suggests that streak will end very soon.
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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