XRP price has broken another support level, and one of the analysts we regularly follow believes the correction could still have more room to run before the next larger rally begins.
CasiTrades says XRP has fallen below the local 0.618 Fibonacci support around $1.27 and is now finding temporary support around $1.20.
Her next important level is $1.10.
Below that, she still has the much-discussed $0.87 region on the chart.
That sounds bearish at first, but CasiTrades has not abandoned her larger bullish XRP thesis.
She believes the current decline still fits a Wave 2 correction, which could eventually set up a much stronger Wave 3 advance.
What you'll learn 👉
Why We Keep Following CasiTrades
We cover CasiTrades fairly often at CaptainAltcoin because her analysis tends to be grounded in clearly defined levels rather than sensational price calls.
She usually lays out both sides of a setup, shows where her interpretation would fail, and updates the wave count when price changes.
That is particularly useful with XRP, where exaggerated targets are common.
What Her XRP Chart Is Showing
The four-hour Coinbase chart places XRP around $1.22 after price fell below the $1.27 region.
CasiTrades had been watching that area because it lined up with the local 0.618 Fibonacci retracement.
Once that support failed, XRP moved rapidly toward $1.20.
That level is interesting because it previously acted as resistance.
Old resistance can sometimes become support when price returns to it, but the chart does not show a confirmed reversal there yet.
The next zone CasiTrades identifies is approximately $1.10, with a Fibonacci level near $1.0937.
That is now the main downside area to watch.
If $1.10 holds, she believes the larger new-trend Elliott Wave count remains valid.
If selling continues, her chart also leaves room for the XRP price to revisit the $0.94-$0.87 region.
CasiTrades says she personally has a spot order around $0.94 after previously buying near the $1.10 macro Fibonacci area.
That is her personal positioning, not a guarantee that XRP reaches either price.
Why $0.98 Is Important
There is another level on the XRP chart that may be even more important than $0.87.
CasiTrades says a new low below roughly $0.98 would reset the current wave count.
In other words, XRP can continue falling from current levels without immediately destroying her bullish interpretation.
But once price starts moving beneath the previous structural low near $0.98, the existing setup would need to be reconsidered and the expected larger Wave 3 could be delayed.
That creates a clear hierarchy.
Around $1.20, XRP is trying to stabilize.
Around $1.10, the larger bullish structure faces another important test.
Around $0.98, the current wave interpretation begins to lose validity.
And $0.94-$0.87 represents the deeper support region if the correction becomes more aggressive.
XRP Price Outlook: The Bullish Part Comes After the Pain
The main idea behind CasiTrades’ analysis is that a severe Wave 2 correction does not automatically cancel the larger uptrend.
Wave 2 declines can retrace a large portion of the initial Wave 1 advance.
They can also remove leveraged traders who entered late and make the market look especially weak shortly before the next impulsive leg develops.
That is what she believes could be happening with XRP.
Her chart still maps a later recovery back toward the $1.54-$1.64 area before a much larger advance develops.
But there is an important difference between a possible future Wave 3 and what XRP is doing today.
The bullish move has not started yet.
XRP is still correcting.
For me, that is what makes this analysis useful.
CasiTrades is not trying to turn every red candle into a bullish headline. She accepts that XRP could fall further and gives specific levels where her thesis would need to change.
Right now, $1.10 is the next key test.
If that area holds and buyers begin rebuilding structure, the Wave 3 scenario remains interesting.
If XRP falls below $0.98, however, the timeline for the larger recovery becomes much less straightforward.
So yes, the XRP price correction could get worse before the next rally.
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