XRP Price Correction Is Far From Over: Bearish Divergence Signals Potential Revisit To $2.05
Over the previous month, the XRP worth has skilled a major decline, with its worth dropping by 23% amid mounting promoting stress following the crypto market crash on October 10. Some analysts at the moment are suggesting that the altcoin’s correction will not be but full.
A Retest Of Key Fibonacci Level On The Horizon
Market skilled Casi Trades just lately shared insights on social media web site X (previously Twitter), indicating that enthusiasm surrounding the current partnership announcement with Mastercard could have been untimely.
During the Ripple Swell 2025 occasion in New York, the corporate unveiled a brand new collaboration with Mastercard, WebBank, and crypto change Gemini to check its RLUSD stablecoin as a method of settling bank card transactions.
The announcement initially propelled the XRP worth towards the $2.41 mark. However, this surge was short-lived, and the worth shortly retraced. It maintained its trajectory under the earlier Fibonacci Wave 1 low, as seen within the chart under.
Casi Trades famous that this worth rejection reinforces the idea that the Wave 3 low at $2.05 has not been adequately examined. She anticipates that the XRP worth will doubtless development downward towards this Fibonacci degree to finish the subwave 5 of Wave 3.
Additionally, the relative strength index (RSI) helps this bearish outlook, indicating a divergence on the current worth high and suggesting a retest of the decrease trendline is imminent.
XRP Price Poised For An Explosive 2,155% Increase?
Despite the present bearish sentiment, some analysts preserve bullish projections for the XRP worth. Egrag Crypto just lately remarked that the continuing worth formation resembles a spread fairly than an easy ascending wedge or rectangle.
Based on measured strikes, projections suggest that the altcoin might attain a brand new all-time high round $10. If that is certainly Macro Wave 2, the anticipated Wave 3 may very well be 1.618 instances the size of Wave 1, probably putting targets between $14 and $25.
Moreover, the analyst identified the rising hypothesis that XRP will revisit its $0.77 wick on Binance. However, Egrag countered these discussions, noting that the altcoin might additionally attain the $50 “wick” noticed on the Gemini crypto change.
While some consider the Binance wick to $0.77 have to be crammed, Egrag argues that ignoring the potential for XRP to hit $50 is a mistake, particularly if market symmetry comes into play.
The analyst concluded his thesis by stating that this cycle might see the XRP worth reaching that $50 degree because the market undergoes its “last blow-off part.” This would indicate a significant 2,155% uptrend forward for the altcoin’s worth.
When writing, XRP trades at $2.22, nonetheless recording beneficial properties of 318% year-to-date, based on CoinGecko data.
Featured picture from DALL-E, chart from TradingView.com
