XRP remains at a key technical level after a recent bounce matched an earlier forecast from crypto analyst CasiTrades (@CasiTrades). The analyst now believes the current structure continues to support a move toward lower support before the next major shift in trend.
$1.09 Reaction Matches Earlier Forecast
CasiTrades said XRP has continued to follow the “purple scenario” outlined on her chart. She reminded followers that she highlighted the importance of the $1.09 level during a recent livestream. She has been watching this level for months, and expected it to deliver a brief recovery before sellers regained control.
She wrote, “I explained that it would likely provide a small reaction for subwave 2, and that’s exactly what happened!” The updated chart supports that view. XRP briefly bounced from the green support zone near $1.09 before reversing lower.
The second chart also shows XRP progressing almost exactly along the projected purple Elliott Wave path. At the same time, the Relative Strength Index dropped sharply toward oversold territory. This matches the renewed selling pressure.
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Do you see how nicely we're following the purple scenario? 🟣🤔
During Friday's livestream, I highlighted the importance of the $1.09 level we were testing at the time. I explained that it would likely provide a small reaction… pic.twitter.com/9pjn0EbOZS
— CasiTrades 🔥 (@CasiTrades) July 27, 2026
Macro Support Remains the Focus
After the rejection from the $1.09 area, XRP returned to the same macro support zone that has held price in recent sessions. CasiTrades believes this area will determine whether the next stage of the wave count continues.
She said it is a “critical time in the market,” and it could confirm a move toward support at $0.87. The chart identifies several Fibonacci retracement levels that could serve as intermediate stops during the decline. Support appears near $1.05, followed by $1.02, $0.99, and around $0.94 before the final zone between $0.87 and $0.86.
XRP Could Break Below $1
CasiTrades expects the next move to include a break below the psychological $1 level. She believes that decline would allow Binance’s XRP chart to revisit its own macro 0.786 Fibonacci retracement as part of subwave 3 lower.
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Her projection shows a brief recovery after the initial decline before another leg lower completes the wave sequence. She has previously stated that XRP needs one final decline before the next rally. The projected move ends near the $0.87 support area, where the larger corrective pattern could finish.
Purple Wave Count Stays Intact
The analyst maintains that the wave structure remains consistent with her original outlook. For now, the chart keeps attention on the macro support zone around $1.09. If the projected path continues to play out, XRP could move through several key Fibonacci levels before testing support near $0.87 in the sessions ahead.
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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