XRP’s value motion in November has dragged it beneath $2, however technical evaluation means that the breakdown won’t be over.
A brand new technical outlook from crypto analyst CasiTrades means that the XRP value is getting into the ultimate levels of its corrective construction. The analyst believes the present actions are a part of a clear Elliott Wave formation that’s approaching its ultimate wave to as little as $2.65 earlier than a main bullish reversal takes place.
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XRP Breaks Beneath Fibonacci Ranges As Wave Construction Unfolds
XRP’s volatility has intensified in current 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. In line with 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 may be trying like a reversal however is definitely a subwave 4 reduction transfer. This implies XRP is quickly recovering from deeply oversold circumstances, but the core market construction nonetheless factors to at least one extra leg decrease earlier than the development shifts.
Based mostly on the Fibonacci map and wave depend, 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 take a look at the Macro .618! 🚨
XRP has formally damaged beneath its .5 retracement on Coinbase, and similar to I stated in my final replace, if that stage fails, the subsequent 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 Remaining Degree To Full Correction
A very powerful space in CasiTrades’ outlook is the macro 0.618 help, positioned 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 development that has continued constructing a bullish divergence. These indicators 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 shifting in concord with XRP’s construction. On the time of writing, Bitcoin has approached its personal macro 0.382 retracement however has not absolutely reached it but.
The expectation is that XRP’s ultimate 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 situation performs out, each property 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
