XRP has spent two weeks consolidating below the macro 0.618 Fibonacci resistance level at $1.6432. That prolonged stall has shifted the technical picture. Crypto analyst CasiTrades (@CasiTrades) now sees a more complex path ahead for the asset.
The current price sits near $1.3992 on the 4-hour Coinbase chart. The recent break below the 0.5 retracement at $1.3429 changed the short-term outlook. That level was the line CasiTrades had been watching as confirmation of a straightforward Wave 4 structure.
🚨 ripple:native $1.10 Is the Level I'm Watching Next! 🚨
XRP has now spent TWO WEEKS consolidating underneath the macro .618 resistance, and we've since broken below the .5 retracement…
Technically, that .5 break was the invalidation I was using for a clean W4 that could've… pic.twitter.com/rBYkqohorJ
— CasiTrades 🔥 (@CasiTrades) September 4, 2026
The $1.10 Level Takes Center Stage
CasiTrades states the “easy, clean path up isn’t looking so clean anymore.” With the 0.5 retracement broken, a move down to the subwave 2 area around $1.10 is now the more probable scenario. That zone aligns with the macro 0.786 Fibonacci retracement.
Several Fibonacci levels sit between the current price and $1.10, including the 0.618 at $1.2589 and the 0.65 at $1.2361, acting as interim support on the way down.
A Test That Will Tell Us a Lot
CasiTrades describes the $1.10 test as one that will “tell us a lot.” Holding that level would signal buyers defending support and reopen the possibility of a macro trend shift. Failure to hold keeps the $0.90 scenario in play. The chart shows the 0.854 level at $0.8621 as the lower boundary of macro support. CasiTrades has a personal buy order sitting at $0.94, aligning with the 0.618 at $0.9411.
Two Potential Entry Zones
For traders watching this setup, CasiTrades offers a practical perspective. She suggests $1.10 “may be an area worth considering” for those who do not want to risk missing a bottom entirely. She also raises the option of “stacking the two levels,” meaning entries at both $1.10 and the lower $0.94 zone.
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The RSI indicator at the bottom of the chart shows momentum declining after a rise in August. Current readings sit near 56 and 49, levels that suggest neither strong bullish conviction nor extreme oversold conditions at this stage.
The Bigger Picture
The Elliott Wave count on the chart labels the recent high as Wave 1 and the current pullback as Wave 2. A successful defense of the $1.10 support would set up the conditions for a Wave 3 advance. The upper orange trendline projects a potential target above $1.90 if that structure plays out. Until $1.10 is tested, the setup remains in a waiting phase.
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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