Analyst: The Market Got Ahead of Itself. XRP Price Correction Isn’t Done Yet

Crypto trader and analyst CasiTrades has provided a detailed update on XRP’s near-term price structure, emphasizing that the recent upward reaction in the market does not imply that the corrective phase has ￰0￱ move higher following news of the Mastercard partnership led to a brief test of the upper boundary of the projected subwave structure, with the price reaching approximately $2.41. However, this level did not hold, and the rejection that followed reinforced the analysis that the correction remains in ￰1￱ notes that although the price temporarily reached the highest reasonable extension for subwave four, the candle closes did not break below the previous Wave 1 ￰2￱ detail is key in maintaining the broader Elliott Wave count that has been guiding the ongoing ￰3￱ that boundary keeps the corrective roadmap viable and mirrors the expectation shared in earlier ￰4￱ Market Got Ahead of Itself… XRP’s Correction Isn’t Done Yet!

The market got a little too excited over the Mastercard partnership news… We saw XRP push right into the extremes of where subwave 4 could go, briefly wicking up to $2.41, but that move was short-lived.… ￰5￱ — CasiTrades (@CasiTrades) November 6, 2025 Expected Retest Toward $2.05 Support Zone According to the update, the decline associated with Wave 3 bottoming near $2.05 requires further ￰6￱ expects the price to return to that region to complete subwave five of Wave ￰7￱ next anticipated move would involve price reaching back toward the $2.36 area in a larger Wave 4 retracement once the subwave five leg finds ￰8￱ that retracement, one more downward push in a final Wave 5 is anticipated, setting up an environment where a double-bottom pattern could form near the same support ￰9￱ primary scenario being tracked suggests that the macro 0.5 Fibonacci retracement level around $2.05 is likely to represent the final low of the ￰10￱ alternative scenario in which price retraces deeper toward the 0.618 Fibonacci level remains possible but currently appears less probable based on the evolving subwave ￰11￱ are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 RSI Structure Supports the Wave Count In addition to price action, CasiTrades highlights the relative strength index as a supporting factor in the analysis.

A clear bearish divergence formed at the recent local high, suggesting weakening ￰12￱ RSI pattern appears positioned for a retest of its lower trendline, which would align with price revisiting the $2.05 ￰13￱ confluence strengthens the expectation that the corrective move is not yet complete and still requires a return to key ￰14￱ reiterates that nothing in the current trend structure invalidates the corrective framework previously ￰15￱ brief move higher reflected market reaction to a news event rather than a structural ￰16￱ the Wave 3 low still requiring further testing, the correction is expected to continue before a more sustained trend shift ￰17￱ : This content is meant to inform and should not be considered financial ￰18￱ views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s ￰19￱ are advised to conduct thorough research before making any investment ￰20￱ action taken by the reader is strictly at their own ￰21￱ Tabloid is not responsible for any financial ￰22￱ us on X , Facebook , Telegram , and Google News