Ripple (XRP) Bulls Celebrated Too Early: Analysts Expect One More Painful Drop

The market may have gotten ahead of itself after the Ripple and Mastercard partnership ￰0￱ have now warned that XRP’s correction remains incomplete despite the brief spike nearing $2.45. In fact, data points to one more flush lower before any proper relief rally. XRP’s Double-Bottom Setup According to crypto market analyst CasiTrades, the brief upside move only pushed the asset into the extreme boundary of where subwave 4 could extend, and the immediate rejection from that level further validated her ongoing ￰1￱ found that all candle closes remained below the previous Wave 1 low, preserving the structure and keeping the plan ￰2￱ reiterated that the Wave 3 low at $2.05 still has not been tested sufficiently, and expects the price to return to that region, which also aligns with the Fibonacci macro 0.5 retrace ￰3￱ such a scenario, a final subwave 5 down to $2.05 should complete the Wave 3 structure, after which a larger Wave 4 retracement to around $2.36 is anticipated, followed by a final Wave 5 ￰4￱ analyst said that this could form a double-bottom style support test, creating a cleaner completion to the correction ￰5￱ now, XRP could target the $2.05 region while the alternative path, which would send price deeper toward the 0.618 retracement, is still technically valid but becoming less likely as more subwaves print.

Moreover, the RSI also appears to be aligning with XRP’s revisit to the $2.05 ￰6￱ Lost Its Mastercard Rally Almost Instantly Ripple’s latest push into regulated card settlement rails generated a brief sentiment lift this week, but the price chart now shows the asset has lost those ￰7￱ announced at its Swell 2025 event on Wednesday that it is partnering with Mastercard, WebBank, and Gemini to pilot using its RLUSD stablecoin to settle fiat credit card transactions over a public ￰8￱ the pilot, WebBank, which happens to be the issuer of the Gemini Credit Card, will explore routing Mastercard settlement flows via RLUSD on the XRP Ledger (XRPL), which would be one of the first examples of a US chartered bank settling card payments using a regulated USD stablecoin on a public ￰9￱ news initially helped XRP notch a mild uptick on November 6th, but it has since ￰10￱ press time, XRP is trading at $2.18, down roughly 5% over the past 24 hours.