Crypto analyst CasiTrades recently shared an in-depth analysis of XRP’s price action, indicating that the asset remains in a Wave 4 consolidation phase. According to their post , XRP is forming a final low near $2 before a potential reversal. This analysis is backed by subwave structures, Fibonacci retracement levels, and momentum indicators. XRP Update! #XRP is still in a textbook W4 consolidation -building the final low to $2 as the key target This should complete this correction. Many are overlooking the clear subwaves that are ending right at this price level, the 5th waves are the final move before a… pic.twitter.com/pAU44P0po6 — CasiTrades (@CasiTrades) February 28, 2025 XRP’s Corrective Phase Nearing Completion CasiTrades explains that XRP is currently in a “textbook W4 consolidation,” suggesting that this corrective phase is nearly complete. They emphasize that many traders may overlook the significance of the smaller subwaves within this structure, which indicates that a fifth and final wave down is unfolding. The target for this correction is set at approximately $2, a level that aligns with Fibonacci projections. The chart accompanying the analysis illustrates multiple trendlines, support zones, and Fibonacci levels that reinforce this outlook. Based on Elliott Wave principles, the final fifth wave within this corrective phase should mark the bottom before a potential trend shift. Market Context: Bitcoin’s Influence CasiTrades also highlights the broader market context, noting that Bitcoin aligns with this analysis. Bitcoin is currently retracing between the 0.382 and 0.5 Fibonacci levels, with $80,000 identified as a critical support level. They point out that the Relative Strength Index (RSI) shows signs of bullish momentum building, though a final low may still be necessary before a significant reversal can occur. Since XRP often follows Bitcoin’s broader market movements, this observation is essential for traders monitoring XRP’s next move. If Bitcoin completes its retracement and begins its next leg up, it could provide bullish confirmation for XRP’s anticipated breakout. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Key Technical Indicators and Next Steps CasiTrades emphasizes the importance of watching for bullish divergence confirmation once XRP completes its final wave down. This divergence—when price forms a lower low while RSI forms a higher low—can signal an impending trend reversal. If confirmed, XRP could break out of consolidation and begin its next macro impulse wave. A user named Jjsson responded to CasiTrades’ analysis by noting that XRP had already hit $1.97, aligning with the projection. However, they inquired whether the asset needed to complete subwaves four and five before the expected reversal. In response, CasiTrades affirmed the likelihood of a slightly lower low near $1.90 before an upward move. This analysis presents a critical juncture for XRP. If the projected subwave structure plays out as expected, the final leg of the correction should be completed soon, setting the stage for a potential breakout. Bitcoin’s price action remains a crucial factor, and its next movement could provide further validation for XRP’s direction. Traders and investors will be closely watching for bullish divergence signals as a key indicator of the next major price move. 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 urged to do in-depth 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. Follow us on X , Facebook , Telegram , and Google News The post Final XRP Dip Before Takeoff? Analyst Predicts Key Reversal Zone appeared first on Times Tabloid .
