XRP has officially broken below its 0.5 retracement level on Coinbase, as highlighted by @CasiTrades on X. This indicates a next target at an extended Wave 3 support near $1.84 on Coinbase and $1.88 on Binance.
This level has now been reached, signaling a likely relief bounce ahead at resistance levels around $2.00 to $2.09 before another downward move to complete the correction at the macro 0.618 retracement near $1.65.
As tweeted by CasiTrades on X, the XRP correction aligns closely with Bitcoin’s own macro retracement, which is approaching its 0.382 retracement level but has not fully tested it yet.
This synchronization suggests that as XRP hits $1.65, Bitcoin (BTC) should finalize its correction near $80,000.
This would mark a simultaneous completion of macro supports in both markets, setting the stage for a bullish breakout.
Market Dynamics and Anticipated Recovery
The structure for XRP still calls for one last wave lower after a relief bounce, with the $1.65 zone identified as the most likely bottom on both Coinbase and Binance, according to analysis shared on X.
Once these critical support levels hold, the market structure is expected to flip bullish rapidly. Bitcoin would then advance into Wave 5, targeting new highs, while XRP and altcoins would begin their Macro Wave 3 rally.
This wave synchronization means they will move with varying strength but in harmony through subsequent bullish phases.
Other technical perspectives also echo the vulnerability of XRP near its current levels, with the potential for a deep correction if key support between $2.30 and $2.20 fails to hold.
However, the near-term picture signals that the downward correction is nearing its end, paving the way for renewed upward momentum.
This critical juncture for XRP presents significant trading opportunities as the chart aligns with broader market cycles and Bitcoin’s macro movements—a rare convergence pointing to a possible major reversal soon.