XRP Analyst Predicts Final Low Before Wave 3 Rally to $4.50 Target

• CasiTrades identifies potential XRP bottom at $2.715 consolidation line.
• Wave 3 Elliott pattern targets $4.50-$5.40 representing 95% upside potential.
• RSI bullish divergence forms on higher timeframes despite recent 6% decline.

Market analyst CasiTrades has outlined her expectations for XRP’s price trajectory, suggesting the token approaches its final retracement phase before initiating a third wave rally. The technical assessment comes after XRP declined 6% on Thursday, dropping from $2.94 to close at $2.74.

The analyst noted that rejection from the $3 resistance level caused XRP to break below the $2.79 Fibonacci support. This breakdown represents the largest single-day decline since August 19, aligning with broader cryptocurrency market weakness.

CasiTrades anticipates bullish divergence on the Relative Strength Index to provide momentum for price recovery. While higher timeframes show early signs of this pattern, shorter timeframes continue displaying bearish pressure, indicating the correction may extend further.

Key support levels could determine reversal

The technical analysis suggests XRP may test additional downside before completing its corrective phase. CasiTrades believes other major altcoins including Ethereum and Dogecoin have already reached their cycle lows, but XRP requires one final decline to exhaust selling pressure.

A potential drop to $2.715 would test the bottom consolidation trendline identified in her analysis. The 1-hour RSI maintains a clear trendline while showing bullish divergence, suggesting this level could confirm the end of the current retracement.

The analyst views the 0.50 Fibonacci level at $2.79 as critical for trend reversal. A daily close above this threshold would establish conditions for renewed upward movement, according to her assessment.

CasiTrades characterizes the recent correction as a healthy shakeout rather than fundamental weakness. This perspective aligns with Elliott Wave theory, where corrections prepare the foundation for subsequent impulse waves.

Elliott Wave structure targets major gains

Upon completion of the corrective phase, CasiTrades expects the third wave of the Elliott pattern to commence. Initial targets include reclaiming the 0.382 and 0.236 Fibonacci levels at $2.99 and $3.24 respectively.

The Wave 3 formation represents part of a larger 5-wave Elliott structure with extended targets reaching $4.50 and $5.40. These levels would deliver 63% and 95.6% gains from current market prices around $2.76.

Elliott Wave theory suggests third waves often produce the strongest price movements within the overall pattern. The analyst’s projections indicate XRP could achieve new all-time highs if the technical setup develops as anticipated.