Analyst to XRP Traders: These Are the Levels I’ve Been Talking About for Months

XRP has returned to a technical level that analyst CasiTrades (@CasiTrades) has tracked for months, placing the token at a key point in its ongoing correction.

The latest move has brought the price back to the 0.786 Fibonacci retracement near $1.09 on Coinbase, a level the analyst has repeatedly identified as a major support area before a larger trend reversal.

In a recent post, CasiTrades wrote that XRP had “come right back down to test the major .786 retracement at $1.09.” The analyst believes the current price action reflects the long-term outlook throughout the correction, and she expects a move below $1 soon.

XRP Holds a Key Fibonacci Level

CasiTrades described the 0.786 retracement as a major macro support level. According to the post, “Markets don’t just touch levels like this once and immediately move on.” The analyst said XRP has spent several weeks pulling liquidity from this area since the beginning of June, with each test helping “exhaust supply and selling pressure.”

The attached 4-hour chart supports that view. XRP trades around $1.08 inside a highlighted green support zone that aligns with the 0.786 retracement near $1.0854. The repeated tests show buyers continue to defend this area as the correction develops.

Chart Keeps the Downtrend Intact

The chart also shows XRP trading below several descending trend lines that have controlled price action for months. The asset broke down from a previous triangle pattern when it declined in early June and continued toward its current support zone.

Momentum has also weakened. The RSI sits near 32 after turning lower from a recent high. While the reading places XRP close to oversold territory, the indicator has yet to confirm a bullish reversal on the chart.

$0.87 Remains the Next Target

CasiTrades believes another move lower remains the most likely outcome before a larger recovery begins. The analyst wrote, “The most likely scenario is we eventually break toward the $0.87 support.”

The chart highlights a second green demand zone between about $0.85 and $0.87. That region includes the 0.618 Fibonacci retracement near $0.8746 and another marked support at $0.8621. Those levels represent the next area of interest if XRP loses its current support.

Recovery Targets After the Rebound

Although the focus remains on support, the chart also outlines potential upside objectives once a macro reversal develops. Fibonacci extension levels appear around $1.53 and $1.64. With XRP now trading near the first support, attention remains on whether the current support holds or the price continues toward $0.87 before the next sustained advance.

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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The post Analyst to XRP Traders: These Are the Levels I’ve Been Talking About for Months appeared first on Times Tabloid.