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XRP finds itself at a pivotal juncture following a move that touched the 0.382 Fibonacci retracement near the $2.24, as highlighted by crypto analyst Casie (@CasiTrades). Referring to this zone as “XRP Reaching C Top,” she pointed out that this level aligns precisely with the upper boundary of the latest three-wave ABC pattern. From her perspective, that tap near $2.24 has now triggered bearish signals on the RSI, suggesting a potential short-term reversal, indicating that a deeper correction may be around the corner.
Where Is XRP Heading Next?
“Either one of these major supports could be XRP’s next pivot,” Casie stated when describing two possible retracement zones at $1.90 and $1.55. She labeled $1.90 as the 0.5 Fibonacci retracement and “a critical backtest area,” while identifying $1.55 as “the golden .618 Fib retrace” and a prime candidate for what Elliott Wave theorists might see as a Wave 2 corrective low.
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On her chart, these price levels are marked as major supports that could each prompt an eventual pivot toward higher highs. According to Casie, the overarching bullish structure remains intact, with the short-term dip now needed for confirmation before any renewed push upward.
In her follow-up commentary, Casie reiterated her bullish stance by saying, “Breakout to new highs in April! Remember, ANY wave 3 extension target is valid—6.50 USD, 9.50 USD, 13 USD, 26 USD.” This statement aligns with her broader Elliott Wave Theory approach, in which she sees the current corrective leg as a precursor to a potentially powerful third wave extension.
Her chart, originally shared in mid-March under the heading “XRP Holding Strong, But Still in Waiting Mode!,” showed that the project was already holding above $2.26, a level she called “the key .382 retracement support,” while pinpointing higher upside targets at $2.70 and $3.05 once the market confirms another upward wave.
Casie further mentioned that “XRP needs to break above $3.40 to confirm our new trend,” explaining that until that happens, the next big move remains in question. Traders who follow her work will note that the RSI divergence visible on multiple timeframes has added to short-term bearish concerns, but the medium- to long-term picture, in Casie’s view, still indicates scope for a new rally once price revisits and confirms support.
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As of now, all eyes remain on whether XRP’s pullback finds support at one of Casie’s highlighted Fibonacci levels. The price briefly breached $2.20 but has since shown signs of faltering momentum, leaving traders to watch if $1.90 —or ultimately $1.55 —will emerge as a pivotal bounce zone. If XRP does stabilize at or above those areas, sentiment could shift once more toward fresh highs, especially if the broader market cooperates.
Casie’s scenario of a wave 3 extension toward targets above $6 remains on the table, but the immediate question is how the asset handles this retracement phase. The structure still appears bullish overall, yet the coming sessions will be critical in determining whether XRP’s current pullback lays the foundation for a sustained next leg higher.
At press time, XRP traded at $2.16.
Featured image created with DALL.E, chart from TradingView.com
