The broader crypto market is dipping today, and the XRP price has slipped around 2%, trading near $1.47 at press time. One analyst we regularly like to cover at CaptainAltcoin, CasiTrades, ha
The broader crypto market is dipping today, and the XRP price has slipped around 2%, trading near $1.47 at press time.
One analyst we regularly like to cover at CaptainAltcoin, CasiTrades, has just updated her XRP outlook; and her latest chart says the token is quickly approaching a point where it may no longer be able to avoid making a bigger move.
Her central message is simple: XRP is still stuck below the major $1.65 macro resistance, but the consolidation is getting tighter and tighter.
CasiTrades’ chart shows XRP sitting below the 0.618 Fibonacci resistance near $1.65, a level that has already rejected price before.
Since the last test, XRP has formed a smaller consolidation pattern, and that structure is now moving toward its apex.
In other words, price is running out of space.
The chart shows XRP squeezing between short-term trendlines near the current $1.47-$1.50 region.
Source: X/@CasiTrades
That kind of compression often leads to a larger move once one side finally gives way.
CasiTrades believes the XRP price could still make one final move higher toward roughly $1.70.
That would complete the current wave structure and give traders another test of the same resistance zone.
But she is watching RSI closely.
If price reaches another high near $1.70 but RSI forms another lower high, that would create bearish divergence and support the idea that the current Wave 1 advance is ending.
That would then open the door to a larger Wave 2 correction.
This is where her outlook becomes more cautious.
CasiTrades is preparing for a potentially aggressive pullback once the current structure completes.
Her main Wave 2 support levels are:
She also notes that XRP has a habit of failing to complete final fifth waves.
That means price does not necessarily need to reach $1.70 first.
XRP could simply roll over from the current consolidation and head directly into the larger correction.
Read also: Here’s Where Ripple’s XRP Price Could Go This Week
CasiTrades also maps out a more bearish scenario.
A move toward approximately $0.90 would reset the current Elliott Wave count and extend the timeline of the new trend she has been tracking.
But the key point for her is not necessarily avoiding every pullback.
The bigger condition is that XRP should avoid making a completely new macro low.
As long as the broader structure holds, she still views deep retracements as potential buying areas.
There is also a bullish alternative.
If XRP finally breaks through the $1.65-$1.70 resistance zone with real strength and pushes toward approximately $1.80, the structure changes.
That would give XRP room to pull back and potentially flip $1.65 from resistance into support.
CasiTrades sees that as a major sign of strength.
It would show buyers are actually absorbing the supply sitting there.
At $1.47 today, XRP sits almost directly between those two possibilities.
The market is dipping, momentum has cooled, and the technical structure is approaching its apex.
XRP has been avoiding a decision for weeks.
CasiTrades’ chart says it may not be able to do so for much longer.
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The post XRP Price Is Running Out of Room to Avoid a Decision! appeared first on CaptainAltcoin.
