XRP changes hands at $1.2735, a pivotal spot currently monitored by crypto analyst CasiTrades (@CasiTrades). She posted an urgent warning for her followers, urging them to focus on the significant test underway.
The timing carries weight. After retreating from highs near $1.65 following the late September surge, XRP is pressing into a convergence of Fibonacci support levels that will likely dictate its subsequent direction.
What the Chart Shows
CasiTrades shared a 1-hour XRP/USD chart featuring Elliott Wave labels and several Fibonacci markers that combine to form a comprehensive technical outlook. The current price hovers just above two tightly packed Fibonacci levels.
The 0.618 retracement stands at $1.2988, while the 0.65 level rests at $1.2360. XRP is currently evaluating this band. CasiTrades designated this region as wave 2, indicating that the corrective pullback from the September peak close to $1.65 could be wrapping up.
The Relative Strength Index (RSI) registers at 31.76, hovering just above the oversold threshold. A bullish divergence is taking shape on the indicator, as the price posts lower lows while the RSI prints higher lows. This divergence lends technical validation to the support area.
$XRP Gets ANOTHER test of support! pic.twitter.com/AEX2CU6ftT
— CasiTrades
(@CasiTrades) October 24, 2026
The Bigger Structure
The chart outlines a multi-wave impulse sequence originating earlier in August. Wave 1 kicked off from under $1, beginning with XRP’s notable late-August rally. The subsequent downward movement shaped Wave 2. The ongoing test precedes Wave 3, which frequently represents the largest leg within the cycle.
An orange channel displayed on the chart outlines a projected path pointing toward the $1.80 to $1.85 bracket by early November. A green support band ranges roughly from $1.55 to $1.60. Having previously functioned as resistance, this zone transforms into a recovery objective should XRP rebound from its present position.
Key Levels to Watch
The 0.786 Fibonacci level rests at $1.0851, followed closely by the 0.854 level at $1.0904. CasiTrades’ chart identifies these as deeper support floors if the existing zone breaks down. Those markers align with a past consolidation phase from late August.
Looking upward, the 0.618 resistance level at $1.6365 serves as the primary goal in a recovery scenario. A red horizontal line on the chart at $1.6432 corresponds directly with that price point.
Frequently Asked Questions
What is the current trading price of XRP in the report?
XRP is trading at $1.2735.
What does the RSI indicator show for XRP?
The RSI reads 31.76—just above oversold territory—and is showing a bullish divergence as the price records lower lows while the RSI forms higher lows.
What are the key Fibonacci support levels currently being tested?
XRP is testing a zone featuring the 0.618 retracement at $1.2988 and the 0.65 level at $1.2360.
What are the projected recovery targets if XRP bounces?
A green support band between $1.55 and $1.60 acts as a recovery target, with the 0.618 resistance at $1.6365 serving as the first major upside target.
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Written by
Elara Winter
