XRP’s worth motion in November has dragged it beneath $2, however technical evaluation means that the breakdown may not be over.
A brand new technical outlook from crypto analyst CasiTrades means that the XRP worth is getting into the ultimate phases of its corrective construction. The analyst believes the present actions are a part of a clear Elliott Wave formation that’s approaching its last wave to as little as $2.65 earlier than a main bullish reversal takes place.
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XRP Breaks Under Fibonacci Ranges As Wave Construction Unfolds
XRP’s volatility has intensified in latest days because the cryptocurrency continues to unwind into new November lows. Worth motion throughout the main exchanges exhibits a gradual decline beneath retracement ranges which have pushed XRP into deeper corrective territory.
CasiTrades famous that XRP’s drop beneath the 0.5 Fibonacci retracement on Coinbase was the transfer that confirmed additional draw back. Based on the analyst, she had already warned {that a} failure of this stage would open the door to a wave of promoting towards the prolonged Wave 3 help at roughly $1.84. XRP reached that concentrate on with precision, whereas Binance’s chart tagged its personal macro .5 stage round $1.88.
The present bounce again above $1.9 could be wanting like a reversal however is definitely a subwave 4 aid transfer. This implies XRP is briefly recovering from deeply oversold situations, but the core market construction nonetheless factors to at least one extra leg decrease earlier than the pattern shifts.
Based mostly on the Fibonacci map and wave rely, the technical outlook is for XRP to retest acquainted resistance ranges round $2.00 or $2.09 earlier than the ultimate decline begins.
🚨 Get Prepared! XRP Prone to check the Macro .618! 🚨
XRP has formally damaged beneath its .5 retracement on Coinbase, and identical to I stated in my final replace, if that stage fails, the following goal would be the prolonged Wave 3 help round $1.84. We’ve now reached that completely and… pic.twitter.com/tSQdVAlpdY
— CasiTrades 🔥 (@CasiTrades) November 21, 2025
$1.65 As The Ultimate Stage To Full Correction
An important space in CasiTrades’ outlook is the macro 0.618 help, situated near $1.65. This stage aligns throughout each Coinbase and Binance and sits on the coronary heart of the analyst’s projection for the place Wave 5 of the correction ought to land.
The chart above exhibits a descending wedge assembly the macro help, together with an RSI pattern that has continued constructing a bullish divergence. These alerts counsel that momentum is flattening. Nonetheless, CasiTrades believes that XRP dipping into the $1.65 area would mark the second the correction concludes.
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The analyst additionally identified that Bitcoin’s chart is transferring in concord with XRP’s construction. On the time of writing, Bitcoin has approached its personal macro 0.382 retracement however has not totally reached it but.
The expectation is that XRP’s last leg to $1.65 will happen concurrently with Bitcoin sliding to a clear $80,000 contact. CasiTrades tasks Bitcoin getting into its Wave 5 advance into new all-time highs shortly after touching its help.
If that state of affairs performs out, each belongings would full their macro helps on the identical second, setting the stage for a synchronized bullish reversal.
On the time of writing, XRP is buying and selling at $2.02.
Featured picture from Gemini, chart from TradingView
