CasiTrades (@CasiTrades), a prominent crypto market analyst, has released a detailed chart and commentary suggesting that XRP may be entering the final leg of its corrective structure before a major bullish reversal.
Her latest post highlights that XRP has “rejected the Wave 4 resistance near $2.68,” showing early signs of renewed downside momentum.
The chart presents a clear Elliott Wave framework with XRP trading around $2.47 at the time of analysis. According to the structure, XRP’s decline completed its fourth corrective wave, and it is now forming the fifth wave of the sequence.
The Wave 4 rejection coincides with Fibonacci retracement levels between $2.65 and $2.69, areas that historically mark the transition point between retracement and continuation within corrective patterns.
🚨XRP Looks Ready for Its Final Drop 🚨
XRP is reacting exactly as expected after rejecting the Wave 4 resistance near $2.68. 👀Price is now turning bearish, and RSI is making a new low, starting to confirm that Wave 5 down is underway… ⏬
On #Coinbase , the key supports to… pic.twitter.com/PZ3nDd8LF2
— CasiTrades 🔥 (@CasiTrades) October 30, 2025
Key Support Levels to Watch
CasiTrades identified $2.42, $2.03, and $1.65 as the critical support levels to monitor as XRP begins its next move. She noted that falling below $2.42 would confirm a bearish continuation toward the lower targets at $2.03 and $1.65.
The chart shows alignment between these levels and major Fibonacci retracement zones, particularly the 0.618 extension near $1.65, which also aligns with the projected termination of Wave 5. This structure indicates that XRP’s recent decline could still have room to extend before establishing a durable bottom.
The analyst emphasized that both $2.03 and $1.65 represent strong technical alignment that could attract accumulation once the downward move reaches exhaustion. The move toward these levels would mark the completion of the corrective cycle, potentially setting the stage for a significant trend reversal in the months ahead.
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Reversal Indicators Amid RSI Weakness
Supporting the bearish scenario, the Relative Strength Index (RSI) on the four-hour chart has begun forming a new low, signaling increasing downside pressure. CasiTrades explained that RSI is “making a new low, starting to confirm that Wave 5 down is underway.”
However, she also stated that as the price approaches the final support region, she will monitor the RSI for signs of a bullish divergence, an early indication that selling momentum is weakening and a bottom could be forming. The RSI currently sits near the midline, suggesting that further decline could unfold before a reversal emerges.
Preparing for a Shift in Momentum
While October appears to be ending on a weaker note, CasiTrades believes that “November could kick off the next major wave.” The analysis suggests that after the completion of the corrective Wave 5, XRP could initiate a strong impulsive rally consistent with the next wave in the larger Elliott Wave cycle.
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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