Crypto market analyst CasiTrades has published a detailed technical analysis concerning XRP’s current price structure. She warned of a potential volatility driven by rising funding rates without a significant price rally.
The analysis, shared on June 11, highlights the growing risk conditions emerging within XRP’s ongoing consolidation phase.
According to the post, XRP is nearing the apex of its macro consolidation zone, with price trading just above key support levels. Despite this support holding for now, funding rates are gradually rising without confirmation of any meaningful breakout.
At the time of the analysis, the XRP perpetual futures funding rate had reached 0.01% per eight hours, a subtle but important metric suggesting increasing leverage on the long side. CasiTrades cautions that if funding continues to rise toward 0.02% or higher while price remains stagnant, a downside liquidity event becomes increasingly likely.
🚨XRP Funding Rising, While Prices Stall 🚨
We’re just days away from the apex of #XRP’s macro consolidation and price is hovering above support, while funding quietly climbs. That’s a dangerous combo.
As of this morning, funding rates are ticking up to 0.01%/8h without any… pic.twitter.com/bjKCYk3PiZ
— CasiTrades 🔥 (@CasiTrades) June 11, 2025
Support Levels at Risk as Liquidity Threatens Longs
The core of the concern lies in the disparity between increasing open interest and flat price action. Algorithms and market makers closely monitor these conditions, and when long positions become overcrowded and under-protected, it often leads to a rapid downside move designed to flush leveraged positions. In such a scenario, XRP could test lower support levels.
The chart attached by the analyst outlines $2.25 as a critical support zone. A failure to maintain that level would expose XRP to deeper pullbacks, with targets at $2.01, $1.90, and potentially $1.55. These levels align with key Fibonacci retracement zones and past liquidity pools, as shown on the 4-hour chart.
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Wave 3 Outlook Remains Intact Despite Short-Term Threats
CasiTrades does not present this potential drop as bearish in the broader context. Instead, the analysis suggests that such a liquidity sweep could generate the necessary momentum for a significant breakout in what appears to be an emerging Wave 3 of a larger Elliott Wave structure.
The chart illustrates a projected wave path extending from current consolidation toward higher Fibonacci extensions, notably the 1.618 level at approximately $3.77, and ultimately targeting a wave (4) peak above $4.00.
Technical Indicators Signal Caution Ahead
While the market remains in a holding pattern, the analyst emphasizes that volatility is “nearly inevitable.” Whether this comes in the form of a final downward flush or a direct breakout from current levels, the implication is that XRP’s next major move could define the trajectory for the remainder of the summer.
A potential bearish divergence was also noted in the RSI indicator on the lower panel of the chart, further supporting the case for caution in the near term. This divergence, coupled with rising funding and stagnant price movement, forms the technical basis for the warning issued.
CasiTrades’ analysis reinforces the importance of closely monitoring funding rates, support levels, and market positioning in the days ahead. Traders are advised to remain cautious as XRP approaches the climax of its consolidation, where the outcome could dictate both near-term corrections and the start of a new impulsive 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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