The XRP worth construction and up to date momentum are pointing towards a doubtlessly transformational shift this week. Though the cryptocurrency has skilled an prolonged interval of draw back strain, technical indicators recommend that XRP could also be nearing the tip of its corrective part. If key help ranges are examined and defended this week, it might redefine XRP’s short-term development and set the tone for worth motion heading into the tip of the yr.
XRP Worth Eyes Dip To $1.64, Builds Uptrend Base
Crypto market analyst CasiTrades believes that this week might mark a pivotal turning level for XRP’s worth motion. In a latest X publish, she shared a chart exhibiting XRP buying and selling inside a well-defined descending construction marked by decrease highs and a number of Fibonacci values.
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CasiTrades famous that XRP’s latest worth habits has confirmed her draw back situation, with the cryptocurrency now approaching the ultimate help zone of its present corrective part. She highlighted that XRP didn’t reclaim the $2.0 stage as help over the weekend, confirming what she described as “the pink situation.” For context, XRP suffered an surprising breakdown under $2 final week and is presently buying and selling at $1.91 after a slight restoration.
In line with the analyst, the market is now firmly in subwave Wave 3 to the draw back, with momentum and the Relative Energy Index (RSI) pushing to new extremes that sometimes precede a serious uptrend reversal. She said that the following key stage to look at is round $1.73, which might present short-term aid if patrons step in.
Under this, CasiTrades emphasised {that a} extra essential space sits close to $1.64, the macro help aligning with the 0.618 Fibonacci stage. She predicts the XRP worth might decline additional, from $1.91 to $1.64, this week, viewing this space because the most probably last low of the cryptocurrency’s broader corrective transfer.
In her publish, CasiTrades identified that XRP might drop to the projected help in Wave 3 with out first bouncing to $1.73. If this direct transfer happens, she notes that the market might not require a second retest of the zone, because the help might maintain on the primary contact. The analyst additional defined {that a} transfer to $1.64 would align intently with Bitcoin doubtlessly crashing to $79,000.
Whereas she acknowledged that BTC nonetheless has a decrease help close to $64,000 if the $79,000 stage fails, CasiTrades emphasised that XRP is unlikely to interrupt under the $1.64, regardless that a close-by help exists round $1.54 on the golden pocket.
XRP To See Main Rebound This Week
Whereas CasiTrades predicts that XRP might first decline to the $1.64 help, she expects the cryptocurrency to bounce sharply from this stage, doubtlessly opening the door for an explosive transfer above the $2.41-$3.00 vary. She highlighted that this highly effective reversal might happen by Friday, December 19, 2025.
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The analyst additionally emphasised {that a} potential rally to this bullish vary is XRP making its choice on the last second. She remarks that the market is heading into the week excited and in time for the vacation celebrations.
Featured picture created with Dall.E, chart from Tradingview.com
