But crypto analyst CasiTrades, who has been tracking XRP’s wave structure, saw something different in the price action. The bounce, she says, was exactly what the chart needed to complete a corrective structure. Now, the real move is set to begin.
What The Chart Is SayingCasiTrades’ analysis lays out a five-wave impulsive decline playing out on the one-hour timeframe. According to her count, XRP had already completed Wave 1 down and Wave 2 up by the time the ceasefire bounce peaked. With Wave 2 now likely completed, attention turns to what typically follows in Elliott Wave theory: Wave 3, which is the strongest and fastest move in the sequence.
The target for Wave 3’s conclusion is somewhere around $1.09, and this corresponds to a 0.618 Fibonacci retracement level. A fourth-wave bounce to $1.20 is expected next. After that, a fifth-wave continuation could follow, with the 0.786 extension at $1.0854 and the 0.854 extension at $0.862 serving as deeper structural targets if the move plays out fully.
