XRP Bounce Isn't a Breakout — Analysts Say Watch $1.67 Resistance or $1.11–$0.87 Support

XRP’s recent relief rally may have lifted prices briefly, but two prominent crypto analysts say the bigger picture hasn’t changed — and traders should be watching a few key levels before calling a trend reversal.

What just happened
– XRP popped during a short-lived relief bounce that produced double-digit gains and briefly pushed the token to about $1.46.
– Despite that rally, crypto analyst CasiTrades says the asset has not broken critical resistance, so the macro plan remains intact.

CasiTrades: range-bound until a breakout or breakdown
– CasiTrades tweeted that nothing about the larger thesis has changed: XRP hasn’t made a new low, and it hasn’t cleared resistance, so current moves are still just range action.
– Two events would alter her outlook:
1) A drop into lower support zones at roughly $1.11 or $0.87, or
2) A decisive break above resistance near $1.67.
– She expects selling pressure to build into what she calls a “clear wave 3 down,” with subwave structure pointing toward the $0.87 macro support as a potential bottom. That decline, she says, could unfold in days to weeks.
– Looking past the dip, CasiTrades sees the subsequent macro Wave 3 rally producing much higher extensions — $6.50, $10.50 and $13 — levels that would establish a new all-time high for XRP.

Egrag Crypto: still bullish on a bigger Elliott wave impulse
– Egrag Crypto’s Elliott-wave read is similarly bullish longer term but more aggressive on upside targets: he projects a potential run to $15 on Wave 3 and up to $31 on Wave 5.
– According to his chart, XRP is currently in Wave 2 and the current pullback fits normal Wave 2 retracements. The token remains inside its macro channel and “no invalidation” has occurred yet.
– For confirmation of a true Wave 3 bullish phase, Egrag says price must reclaim the Wave 1 high on a weekly close alongside momentum expansion. Until those conditions are met, he treats the present action as corrective, albeit with Wave 3 likely on the horizon.

Where XRP trades now
– At the time of writing, CoinMarketCap lists XRP near $1.40, down a little over 3% in the past 24 hours.

Bottom line
– Short term: price action looks range-bound until XRP either breaks above ~$1.67 or falls into the $1.11–$0.87 support area. Traders should watch those levels and the subwave structure for clues.
– Longer term: both analysts expect a powerful impulsive wave higher once the corrective phase ends, but confirmation will require specific technical signals (notably a weekly reclaim of Wave 1 highs and momentum pickup).

This article summarizes public analyst commentary and market data and is not financial advice.

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