It was a year ago this month when the cross-border token stole the show, rode the bull train, and did what many thought was impossible: it broke its all-time high after seven years of pain and suffering.
Since then, though, the correction has been quite severe. XRP lost the $3.00 and $2.00 support levels in the following months before it collapsed to $1.01 during the late June and early July crash. Despite rebounding slightly to $1.07 as of press time, its price action remains highly depressed, struggling at over 70% below last year’s all-time high.
However, here comes CasiTrades’ positive news for the Ripple bulls as the popular analyst believes XRP’s year-long correction might finally be close to an end.
In her latest analysis on the token’s price performance, she noted that the lower timeframes have shown a potential final 5-wave impulse down, which might take it to the major macro support at $0.87. Several analysts have weighed in on the matter lately, indicating that XRP might indeed bottom somewhere between $0.80 and $0.90.
According to CasiTrades’ vision on how the probable leg down will materialize, she noted that the first wave will be a sharp decline toward $0.93. The subsequent bounce will take the asset to $1.00, which would now serve as major resistance, and the rejection is likely to deliver the aforementioned bottom at $0.87.
“That final move would complete the macro Wave 2 correction and finish off the correction we’ve spent the last year building! The odds still favor one final low into support before the next major trend begins!”
Interestingly, ChartNerd offered a rather identical prediction for the cross-border token, suggesting that the consecutive lower highs can spell trouble and send it to well under $1.00.
CasiTrades, alongside a few other analysts, believes the aforementioned leg down would be necessary for XRP to cleanse its current market structure and the so-called weak hands before it enters its next phase of expansion. MikybullCrypto also joined the bullish wave, noting that the token is forming something “massive.”
Although the analyst failed to outline a specific target now, he has been quite optimistic about making big XRP forecasts in the past, including a potential run to a new all-time high of $4.00 and beyond.
$XRP
I love the pattern formation pic.twitte
小靓分析：
🦊 小靓解读
XRP在去年7月创下历史新高后，经历了长达一年的深度回调，从高点跌超70%至1.07美元。分析师CasiTrades认为，这轮调整可能接近尾声，下方1.01美元是关键支撑。
📊 市场影响
若XRP能守住1.01美元并企稳，短期可能迎来技术性反弹至1.5-2.0美元区间；但若跌破1美元，则可能进一步下探0.8美元。中期走势仍受SEC诉讼和整体市场情绪影响。
💡 操作建议
建议观望等待1.01美元支撑确认后再考虑轻仓介入，设置3-5%止损。反弹至2.0美元附近可部分止盈，不宜追高。
风险提示：
该资讯来源于公开渠道，仅供参考。Traceless 无痕智盈平台不对此信息准确性做任何保证。