XRP Price’s Next Test of $1.70 Could Be the Most Important Yet!

XRP price has barely moved over the past few days, with the token still trading around $1.50 and traders waiting for a cleaner move.

One of our favorite analysts to follow from the XRP community, CasiTrades, has just posted a fresh outlook, and her latest chart puts the $1.65-$1.70 area back at the center of attention.

Her view is that XRP may still have one more push higher before a larger correction begins.

Another analyst, More Crypto Online, is looking at the same structure from a slightly different angle and sees the recent pullback as a potential setup for the next move higher.

That leaves XRP in an interesting position: both analysts see $1.67-$1.70 as a major near-term level, but they disagree on what is likely to happen after price gets there.

CasiTrades Expects Another Test of $1.65-$1.70

CasiTrades believes XRP’s current Elliott Wave structure still looks incomplete.

Her chart tracks the advance from the August low as a five-wave move, with the XRP price now working through the final stages of Wave 5.

She says price has been consolidating beneath the $1.65-$1.70 resistance zone for weeks, and the smaller subwaves inside Wave 5 still do not look finished.

That is why she expects another attempt at the same resistance.

On the chart, the most important levels inside that area sit around $1.6568 and $1.7052.

The former lines up with the 0.5 Fibonacci extension, while the latter corresponds to the 0.618 extension.

Those levels also sit close to a descending trendline that has repeatedly capped XRP.

Source: X/@CasiTrades

A move into that zone over the next few days would therefore create a major technical test.

The RSI Is Where Her Warning Comes In

CasiTrades is not treating another move toward $1.70 as an automatic bullish signal.

The main reason is the RSI.

Her chart already shows bearish divergence on the broader RSI structure. Price has been pushing higher, but momentum has not been confirming that strength.

She is now watching to see whether another move into the $1.65-$1.70 region creates an even clearer divergence.

If that happens, she would see it as stronger confirmation that Wave 5 is becoming exhausted and that the larger Wave 1 advance is close to completion.

That is also why she explicitly warns against chasing the move here.

Her point is that anyone buying now would effectively be entering Wave 5 of Wave 5 of Wave 1, which is very late in the current sequence.

The risk-reward starts to look less attractive at that stage, especially if momentum continues weakening.

CasiTrades Still Sees a Much Deeper Correction Afterward

Her larger concern comes after the possible final push.

Once Wave 1 is complete, CasiTrades is preparing for a broader Wave 2 correction.

She highlights three downside areas:

  • $1.26
  • $1.10
  • $0.87

The chart shows the first major retracement zone around $1.26-$1.24, which corresponds to deeper Fibonacci support.

Below that, the earlier base around $1.10 remains important, while $0.87 would represent the most bearish scenario she is still willing to keep on the table.

That makes her setup unusual.

She is not bearish on the immediate next move.

She actually expects the XRP price to push higher first.

But she believes that move could be the final stage before a much larger correction.

What Would Make CasiTrades Change Her Mind?

She gives one very clear invalidation condition.

If XRP pushes strongly through approximately $1.80 and the RSI breaks above its previous high instead of producing another divergence, she would reconsider the bearish correction scenario.

That would tell her that momentum is strengthening rather than weakening.

In that case, the current move might have more room to continue before a larger reset.

Until then, she is treating $1.65-$1.70 as a possible exhaustion zone rather than the start of a clean new leg higher.

Read also: Here’s the XRP Price If It Copies QNT’s Move – But There’s a Catch

More Crypto Online Predicts a More Constructive Setup

More Crypto Online is also watching XRP closely, but his short-term interpretation is more optimistic.

He sees XRP currently testing a micro support zone between $1.32 and $1.49 after the corrective pullback from the September 23 high.

His wave count starts from the September 16 low.

The advance from that point looks potentially impulsive to him, which he tentatively labels as Wave 1.

The pullback since September 23 has developed in three waves, which is typical of a corrective structure.

If that correction is nearly complete, XRP could be preparing for Wave 3 higher.

That is the key difference between the two analysts.

CasiTrades sees the current structure as the end of a larger Wave 1.

More Crypto Online sees the latest pullback as Wave 2 inside a fresh bullish sequence.

More Crypto Online’s XRP Targets

His first resistance level is also the same area the market has been struggling with.

He puts the September 23 high around $1.67 as the first level XRP needs to reclaim.

Above that, he highlights:

  • $1.93
  • $2.25

Those would become the next targets if Wave 3 develops as expected.

This view puts more weight on the current support zone around $1.32-$1.49.

If XRP holds there and starts moving higher, the bullish wave count remains intact.

If that support fails, the idea of an immediate Wave 3 becomes less convincing.

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Petar Jovanović
Petar Jovanović

As the Head of Content at Captainaltcoin, I bring years of experience in the crypto industry. With a strong belief in the potential of the web3 market since 2017, I'm passionate about sharing valuable insights and knowledge. Feel free to connect with me on LinkedIn and let's discuss the exciting world of cryptocurrencies and decentralized technologies!

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