XRP has reached a defining moment after days of heightened volatility and uncertainty. Market participants have closely tracked the ongoing pullback, waiting for the price to interact with a key technical level that could determine the next major move.
Over the weekend, XRP finally delivered that test, drawing renewed attention to its broader market structure and short-term wave development.
According to technical analyst CasiTrades, XRP’s retracement landed precisely on the macro 0.5 Fibonacci support at $2.03. This level has acted as a critical pivot throughout the current cycle, and price respected it with notable precision. The reaction at this support has already produced bullish divergences, signaling weakening selling pressure and opening the door for a corrective bounce.
🚨 XRP Support Perfectly Reached! Now We Watch the Next Wave Up Closely! 🚨
Over the weekend, XRP gave us a perfect touch of the macro .5 support at $2.03. Exactly the level I’ve been waiting for! 🎯 That touch has now produced bullish divergences, which sets the conditions for… pic.twitter.com/CT9zXixwlc
— CasiTrades 🔥 (@CasiTrades) January 12, 2026
XRP Eyes a Critical Short-Term Recovery
From the $2.03 support, XRP now appears positioned for a rebound toward the $2.26 region. This move would likely complete a subwave 2 within the current Elliott Wave structure.
However, the market must prove whether this advance carries genuine strength or simply represents a temporary relief rally. The internal structure of this bounce will provide crucial insight into the next directional move.
If XRP advances in a clearly corrective manner, sellers could step in aggressively near resistance. Such a rejection would reinforce the broader bearish setup and increase the probability of a subwave 3 decline. In that case, price could break below the 0.5 support and accelerate toward the $1.65 macro support, a level that continues to dominate the higher-timeframe outlook.
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— TimesTabloid (@TimesTabloid1) June 15, 2025
The $2.41 Level Defines the Market’s Direction
The $2.41 resistance stands out as the most important decision point on the chart. A decisive breakout above this level, followed by a successful retest and support flip, would invalidate the bearish continuation scenario toward $1.65. That outcome would signal that XRP has absorbed selling pressure and regained structural strength. Until then, the market must treat any upside move with caution.
A double top near $2.41 would still align with a corrective Wave 2 structure and would not negate the risk of further downside. As a result, traders must focus on confirmation rather than anticipation.
Structure and Risk Management Remain Paramount
CasiTrades notes that while the projected move toward $1.65 may unfold in a five-subwave decline, smaller subwaves rarely develop with perfect symmetry. The larger-degree pullback carries far more importance than short-term internal noise. Traders should prioritize structure, momentum, and invalidation levels over minor fluctuations.
With $2.03 confirmed as near-term support, disciplined risk management remains essential. The coming sessions will reveal whether XRP’s bounce evolves into an impulsive recovery or resolves as a corrective pause before the next major move.
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 urged to do in-depth 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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