The XRP price is staged a strong rebound inside in recent days, rising from the weakness of early December and climbing back above $2. The recovery just comes after crypto analyst CasiTrades published a detailed technical look at the social media platform Now that XRP has started to rise towards $2.2, the focus is on what the next phase of this pattern could bring.
Subwave 3 targets are hit as the structure plays out
CasiTrades explained that XRP’s early December drop was part of a subwave 2 setup discussed during her previous livestream. When XRP fell to $2.03 in early December, it confirmed the transition to a subwave 3 extension, and the next expected target was near $1.90. That level was important not only as a Fibonacci extension, but also because it corresponded with Bitcoin reaching its macro level of 0.382 around the $79,000 region.
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The diagram is attached to her analysis clearly illustrated this path. A series of orange, pink and black wave structures converged towards the same support area, all pointing towards $1.90 as the initial landing zone. As seen in the chart below, there is another green accumulation block between $1.80 and $1.64 as a deeper support level that could still come into play.
XRP Chart Analysis. Source: @CasiTrades On X
At the time of her analysis, sell the pressure was already easing, and momentum indicators such as the RSI built a bullish divergence. Since then, XRP’s price action has turned bullish, supporting the idea that there would always be a reaction in the $1.90 zone.
CasiTrades noted that once the price reached this level, it expected a return to $2.04 to retest resistance for a new Wave 4 formation. In recent days, XRP has done just that, rising from its lows and regaining momentum as buyers returned.
There are two more end scenarios available for XRP
According to CasiTrades, there are two possible outcomes for the XRP price against the background of retesting $2.04. The first result is a double bottom around $1.80 to $1.88, depending on the exchange. The chart she shared includes a mid-range support box depicting this possibility, with wave markers showing how the price could turn lower before a larger breakout occurs.
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The second possible outcome is a deeper move towards $1.64 based on the macro support at 0.618. This zone forms the lower boundary of the green accumulation block on her chart and represents the last area where a full completion of Wave 2 or Wave C could occur before XRP attempts a larger impulsive breakout.
Featured image created with Dall.E, chart from Tradingview.com