XRP could be approaching the final stage of a correction that has developed over the past year. Crypto analyst CasiTrades (@CasiTrades) has outlined a bearish Elliott Wave count that targets
XRP could be approaching the final stage of a correction that has developed over the past year. Crypto analyst CasiTrades (@CasiTrades) has outlined a bearish Elliott Wave count that targets one more decline before she expects the next major trend to begin.
In her post, CasiTrades wrote, “I’m zoomed into the lower timeframes, and what I see is a potential final 5-wave impulse down into the macro $0.87 support zone.” Her chart tracks each projected wave while highlighting key Fibonacci levels that could guide price action over the coming sessions.
Finishing the Correction XRP Spent a Year Building!
I'm zoomed into the lower timeframes, and what I see is a potential final 5-wave impulse down into the macro $0.87 support zone.
If this structure below plays out, the path is something like this:
Sharp wave down now… pic.twitter.com/rbCRZ40Xoe
— CasiTrades
(@CasiTrades) July 13, 2026
The chart shows XRP trading around $1.07 within a green resistance zone that aligns with the 0.786 Fibonacci retracement at $1.0854. The asset recently failed to break above a descending trendline before turning lower, keeping the corrective structure intact.
The RSI sits near 35, sitting deep in oversold territory. Several Fibonacci retracement levels, including $1.0441, $1.0211, and $0.9981, appear below the current price and could act as areas of interest if the decline continues.
CasiTrades expects the current move to unfold as the final five-wave impulse within the larger correction. Her chart projects a decline toward about $0.93 for Wave 3 before a relief rally lifts XRP back toward $1 in Wave 4.
That rebound would meet resistance before Wave 5 carries the token into the macro support zone near $0.87. The chart also shows multiple trendlines and Fibonacci extensions meeting in that region, making it the primary area where she expects the correction to finish.
CasiTrades believes the projected decline would complete a correction that has lasted for about a year. She wrote, “That final move would complete the macro Wave 2 correction and finish off the correction we’ve spent the last year building!”
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Her chart places the end of Wave 5 within the highlighted support zone, where the larger corrective pattern she has been watching reaches completion before the next phase begins.
The chart projects a sharp recovery after XRP reaches the $0.87 area. An upward path extends from the projected low, reflecting the analyst’s expectation that bullish momentum will return once the corrective structure ends.
CasiTrades added, “The odds still favor one final low into support before the next major trend begins!” Based on her analysis, XRP first needs to complete the remaining waves of the correction before the bullish reversal begins.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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