Analyst: I Still Think XRP Needs One Final Low Before Next Breakout. Here’s why
XRP has regained strength after bouncing from $1, but crypto analyst CasiTrades (@CasiTrades) believes the correction has one final stage before the market begins a much larger advance.
Her latest chart outlines a short-term decline into a major support zone before a bullish reversal takes shape. While she sees encouraging signs on higher timeframes, she expects lower-timeframe signals to align before XRP begins its next sustained move.
🚨 I Still Think XRP Needs One Final Low! 🚨
ripple:native is finally getting some momentum off the $1 area, but in my opinion, it still isn't enough to invalidate the $0.87 support.
📉The macro timeframes have printed the bullish divergence you'd expect near a major market…
— CasiTrades 🔥 (@CasiTrades) July 2, 2026
Momentum Builds Above $1
CasiTrades opened her latest market update by writing, “I Still Think XRP Needs One Final Low!” She acknowledged the asset’s recent recovery, saying the token is “finally getting some momentum off the $1 area.” However, she added that the move is not enough to invalidate the $0.87 support she previously outlined.
She also identified $1.09 as the key level to monitor in the short term. According to her post, XRP is currently testing that area as support. She expects its price to drop below it before the corrective phase concludes.
Chart Maps Path Toward $0.87
The attached chart combines Elliott Wave analysis with Fibonacci retracement levels, trend lines, and the Relative Strength Index to outline the expected price path. The projected wave count shows XRP completing a five-wave decline.
Wave (3) reaches the green support zone around $0.87, which aligns closely with the 0.854 Fibonacci retracement near $0.862. The chart then projects a Wave (4) recovery toward the $1.05 to $1.09 region before a final Wave (5) returns to the same support area.
Several descending trend lines also converge near that region. Together, those technical levels identify $0.87 as the primary area where CasiTrades expects the correction to end.
RSI Supports the Setup
The Relative Strength Index also supports her outlook. The indicator has recovered from recent lows, but the chart projects another decline toward oversold territory as XRP approaches its final support zone.
CasiTrades believes that move would complete bullish divergence across multiple timeframes. She believes one final move lower would allow those signals to align before a larger reversal begins.
The Outlook Remains Bullish
CasiTrades believes the next few days could prove especially important. She wrote, “This weekend could be one of the most important periods of the entire correction.” Her preferred target remains $0.87, although she also said the final bottom could develop at $0.93 or $1.
Despite expecting another short-term decline, CasiTrades remains confident about XRP’s longer-term direction. She believes the corrective structure is nearing completion and that a major reversal could follow once the final low forms, potentially sending XRP toward a new all-time high.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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