XRP has entered a crucial stage as investors dealing with the wave structure that traders have been tracking for months finally begins to take shape. With volatility increasing and key price levels approaching, the next few moves could provide valuable clues as to whether XRP is bottoming out or bracing for more declines ahead of a sustained decline recovery you can start.

Breaking key support as the long-awaited setup unfolds

According to CasiTrades, the cryptocurrency market is finally showing the selling pressure that many analysts have been expecting for months. As a result, XRP has begun to break below a key support level, signaling that the correction may be entering a more decisive phase.

The analyst explained that the development of smaller subwaves was being closely monitored to determine whether the final target market decline would be around $1.10 or the $0.87 support zone. Based on the current structure, CasiTrades believes that XRP is forming a third wave of decline, a phase typically known for being the strongest and fastest part of an Elliott wave correction. Such waves often result in accelerated declines and can quickly push prices towards major support areas.

From a technical perspective, an extension of the current move at 1.618 Fibonacci points to a target near $0.92. This level is just above the long-discussed support zone at $0.87, reinforcing the view that XRP may be approaching a critical phase.

XRP’s expected roadmap: drop, bounce, and then one final test

CasiTrades’ current roadmap for the XRP market shows a projected trajectory consisting of three distinct phases. Initial expectations are for a keen move down towards the $0.92 level, followed by a rebound towards around $1.20, which is forecast to be resistance. This path ends with a final downward move aimed at testing the critical support zone at $0.87.

However, it should be remembered that market behavior rarely perfectly reflects textbook forecasts. While this three-wave sequence represents mainstream expectations, there is a distinct possibility that the market could deviate from this path.

If the reaction from the W3 low is powerful enough, there is a real chance that XRP may not require a recent wave to reach the support at $0.87. The earliest indicator of this scenario would be for price to rebound from key resistance levels and decisively break above $1.30 with clear strength.

We have spent the last four months monitoring the market as this specific structure develops and we have finally reached its most critical phase. As we approach these key levels, the upcoming price action will be decisive in determining whether the correction ends early or reaches its final intended target.