Technical analyst CasiTrades reported that XRP may be completing its corrective Wave 2 phase after the cryptocurrency reached a significant Fibonacci level and signaled bullish momentum on the Relative Strength Index (RSI).

XRP tests key Fibonacci and RSI signals

CasiTrades, a well-known crypto chartist active on X, identified $1.10 as a critical price for XRP. Her recent analysis marks this level as an inflection point, suggesting the digital asset could be attempting a recovery after a period of decline.

The analyst noted that XRP briefly dipped below the 0.786 Fibonacci retracement on Coinbase, reaching $1.075, which coincided with the completion of a five-wave corrective structure consistent with Elliott Wave Theory. She highlighted a bullish RSI divergence during this downturn, where price action recorded lower lows while the RSI posted higher lows, indicating weakening downward momentum.

DID WAVE 2 FINALLY COMING TO AN END?! ripple:native broke slightly below the macro .786 fib on Coinbase, reaching $1.075 and completing a beautiful 5-wave with bullish RSI divergence! THIS is what we’ve been waiting to see: structure completing, fib levels reached, and momentum signs aligning.

CasiTrades stated that the combination of these technical signals—the five-wave pattern, Fibonacci support, and bullish RSI divergence—provided the clearest sign yet that XRP’s corrective decline could be ending.

Following the price rebound from $1.075, XRP returned to retest the 0.786 Fibonacci level, with buyers now looking for confirmation of renewed upward momentum.

Mini dictionary: Relative Strength Index (RSI) is a technical analysis indicator that measures the speed and change of price movements, commonly used to identify overbought or oversold conditions in a market.

$1.65 resistance for Wave 3, $2.90 target

CasiTrades emphasized that $1.65 stands as the next major resistance level for XRP, which would mark the beginning of the next impulsive Wave 3 if broken decisively. She observed that establishing support above this resistance would be strong confirmation that the correction is behind and an upward trend is underway.

In response to a question from an X user called Vincent, CasiTrades reiterated that her initial Wave 3 target remains at $2.90. She added that a clear upward breakout through $1.65 would be the first tangible indication of bullish momentum returning to XRP.

CasiTrades explained that if XRP pushes through $1.65, the next key target would be $2.90, noting that such a move would validate the end of the corrective phase and signal a new upward cycle.

Support levels and risk outlook

While watching for a possible recovery, CasiTrades urged traders to monitor technical levels instead of reacting emotionally to market volatility. She identified $1.10, $1.00, and $0.90 as important support areas for potential buying opportunities on Coinbase. An additional support zone around $0.87 could become relevant if further downside occurs.

CasiTrades warned that support levels may differ between exchanges, pointing out that on Binance, XRP’s major support sits roughly $0.10 below comparable levels on Coinbase.

She also described the current market backdrop as typical for a Wave 2 correction, with global economic uncertainty contributing to higher volatility.

CasiTrades concluded by stating that XRP could resume upward movement at any moment, urging market participants to exercise patience and rely on defined support and resistance zones rather than short-term sentiment shifts.

Mini dictionary: CasiTrades is a pseudonym for a chart analyst focused on technical cryptocurrency analysis and wave-based market forecasts, known for sharing insights on X.

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