Popular analyst CasiTrades believes Ripple (XRP) is on the verge of a major breakout—and it could happen as soon as late April. According to their latest breakdown, XRP price action is following a textbook Elliott Wave pattern, currently wrapping up what appears to be Wave 2.
CasiTrades zoomed out to the 4-hour chart to get a clearer view, and what they see is a classic correction phase playing out. The Ripple price has shown strength at the $1.90 level, which corresponds to the 0.5 Fibonacci retracement zone. But they also highlight another key level at $1.55—the 0.618 retracement—calling it the most probable area for XRP to find final support before heading higher.
On the bigger picture, not much has changed. The macro outlook still suggests that XRP is building up for a strong move, especially if it can reclaim the $2.24 resistance level. That resistance marks the 0.382 retracement zone, and breaking above it would be a bullish confirmation. Once XRP price clears $2.24 and holds it, Casi says lower targets like $1.55 or $1.90 may no longer come into play.
Ripple Price Targets: $6.50, $9.50, and Beyond?
If the Elliott Wave structure plays out as expected, Wave 3 could be next—and that’s the one known for massive momentum. CasiTrades points out that in every five-wave impulse, at least one wave must extend. And in this case, he expects that extension to happen in Wave 3.
They lay out three major XRP price extension targets:
- $6.50 – the 1.618 Fibonacci extension
- $9.50 – the 2.618 extension (and Casi’s most likely scenario)
- $12+ – the 3.618 extension, in the most bullish case
These targets aren’t based on hype, he emphasizes. They’re drawn directly from Fibonacci and Elliott Wave theory. And if Wave 3 begins, Casi believes the XRP price could reach these levels within weeks, not months.
Read Also: Pro-XRP Lawyer Confirms Ripple vs SEC Case Is Paused for 60 Days— What’s Really Going On?
Now that we’re in mid-April, the timing becomes crucial. Casi says the correction bottom is either already in or very close. If XRP tests support one last time this week and sees a spike in volume, the anticipated April breakout could still kick off before the month ends.
For XRP holders and Ripple watchers, the next few days may be the final calm before the storm.
Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.
Get all our future calls by joining our FREE Telegram group.
We recommend eToro
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
