Analyst Predicts XRP Price Crash To $1.4 In Final Wave

Crypto analyst CasiTrades has predicted that the XRP price could still crash to $1.4 in the final wave of this ￰0￱ comes despite bullish catalysts such as the Fed rate cut, which could lift the altcoin to new ￰1￱ Predicts XRP Price Crash To $1.4 In an X post, CasiTrades stated that exchanges are aligning toward their .618 retracements, with Binance showing a crash to between $1.35 and $1.46 for the XRP ￰2￱ noted that this next wave down would complete the macro Wave 2 correction, setting the stage for the next Wave 3 impulse that could send XRP toward $6.50 or $10. Related Reading: Technical Analysis Suggests XRP’s Playbook From 2017 Could Repeat In 2025 This came as the analyst remarked that the XRP price was at a major decision point, with the price continuing to test the Wave 4 ￰3￱ noted that this resistance is making another wave down a ￰4￱ invalidate the move down, CasiTrades stated that XRP needs to break and hold above $2.82 on Binance.

However, so far, the XRP price hasn’t done so, with CasiTrades noting that the price is still ranging between support and ￰5￱ explained that this leans toward this being a Wave 4, with the altcoin one final move lower before the next macro ￰6￱ analyst ruled out a V-shaped recovery, noting that price typically breaks through resistance immediately and decisively, which is not happening with the current price ￰7￱ further remarked that the hesitation suggests that selling pressure isn’t fully exhausted for the XRP price. However, CasiTrades assured that the deeper support levels aren’t a reason to panic, as they are high conviction accumulation zones.

Meanwhile, the analyst highlighted a discrepancy in the price action on different ￰8￱ noted that the XRP price on Binance wicked to $0.77 during the $19 billion liquidation event, while on Coinbase, XRP never reached its .618 retracement ￰9￱ then reiterated that until $2.82 breaks, the price action favors one final wave down before the next major move up. XRP’s Bull Run Isn’t Over Crypto analyst Egrag Crypto has assured that the bull run isn’t over for the XRP price, despite predictions that the top may be ￰10￱ stated that as long as XRP holds above $2.20 and $1.97 as monthly closes, then there is no structural ￰11￱ also believes that the altcoin and other risk assets are about to “roar.” Related Reading: Crypto Analyst Maps Out The XRP Price Roadmap From $3 To $27 Egrag Crypto noted that quantitative tightening is still active and that Fed rate cuts are just ￰12￱ line with this, he declared that the last leg up is still waiting to play ￰13￱ claimed that cycles don’t end when 50% of traders are cautious, but do when everyone is “drunk on euphoria.” At the time of writing, the XRP price is trading at around $2.6, down in the last 24 hours, according to data from ￰14￱ image from Pexels, chart from ￰15￱