Ripple price has dropped by 6% from its recent high of around $2.23 just three days ago. This quick pullback has left many XRP holders wondering how much lower it can go and when the next bounce might happen.
According to analyst CasiTrades, XRP is going through what he describes as a clean and controlled correction rather than a breakdown. He explains that Ripple’s price action has been moving exactly as expected, following a structured pullback after the recent rally.
CasiTrades highlighted that XRP first dipped to about $2.10, then quickly bounced back to test the $2.145 level, which had been acting as a key resistance. That area also lined up perfectly with the 0.382 Fibonacci retracement, suggesting it was a natural spot for XRP to pause before the next move.
The Key Level to Watch: $2.07 for the Next XRP Bounce
CasiTrades says all eyes should now be on the $2.07 level. He believes this is where Ripple price could finally find solid support and kick off a new bullish wave. He points out that $2.07 is not just any number. This price aligns with several important technical factors. It is the golden 0.618 Fibonacci retracement level of XRP’s entire recent rally, the 1:1 extension for wave C, and the 0.618 extension of wave C’s fifth subwave.
@CasiTrades / X
When multiple Fibonacci levels come together like this, CasiTrades says it often signals a strong pivot point for the market. He adds that algorithms pay close attention to these areas, and that’s where many smart investors tend to position themselves.
XRP Could Rebound Toward $2.25 and Beyond
As Ripple price hovers near this crucial zone, CasiTrades believes we could see a clean bounce around $2.07 that may ignite a move back toward $2.25. If momentum is strong enough, XRP could even push to the $2.69 level in the coming days or weeks.
Read Also: Cardano & Polkadot Are Buying Bitcoin – But It’s Not What You Think
The analyst also notes that the RSI indicator is showing bullish divergence on several timeframes, which means the selling pressure is weakening even as the price goes down. This kind of setup often leads to a sharp reversal when the price finally bottoms out.
So while Ripple price is still in a dip right now, CasiTrades thinks this mature correction could soon end, opening the door for a fresh rally if XRP finds support at the critical $2.07 level.
Subscribe to our YouTube channel for daily crypto updates, market insights, and expert analysis.
The post Analyst Reveals Key Level for Next Ripple (XRP) Bounce as Price Dips appeared first on CaptainAltcoin.
