Did XRP Just Print Its Cycle Bottom? CasiTrades Says the Next Move Could Be Critical XRP may be approaching a decisive turning point, with the next few days likely determining whether the recent selloff has finally run its course. Crypto analyst CasiTrades points to XRP's recent touch of the key 0.786 Fibonacci retracement level at $1.09, a zone often viewed as the final line of support before a market reversal. Well, the bounce from this level has already pushed XRP back above $1.12, forming what appears to be the early stages of an ABC corrective structure and raising speculation that a local bottom may already be in place. Currently trading at $1.13 per CoinCodex data, XRP is holding above the crucial $1.12 support area, which aligns with the 0.5 Fibonacci retracement. According to CasiTrades, this level now serves as the market's immediate battleground. If buyers continue defending it, the recovery could gain traction and set the stage for a move toward the next major hurdle at $1.25. Is $1.25 the Icing on the Cake? The $1.25 zone could determine XRP's next major direction. From an Elliott Wave perspective, this area marks the upper boundary of a potential Wave 4 recovery rally. A clean breakout above it would signal strengthening bullish momentum and increase confidence that XRP's macro correction has already bottomed out. Failure to break through, however, would suggest the current advance is merely a relief bounce within a broader corrective trend. What Bulls Need to See For the bullish case to strengthen, XRP must continue holding above $1.12 and reclaim $1.25 with conviction. A push beyond $1.30 would further validate the recovery, while a rally toward $1.65 would significantly reduce the probability of another major downside move. Such price action would indicate that the correction is likely complete and that a new upward trend is beginning to take shape. The Risk of One Final Dip The bearish scenario remains on the table if sellers regain control near resistance. A rejection at $1.25 could send XRP back to retest the critical $1.09 support zone. Should this level fail, CasiTrades sees the possibility of a final capitulation move toward $0.90, completing a larger Wave 2 correction before a more durable recovery emerges. What’s next? Well, XRP finds itself at a crossroads. Whether it can defend $1.12 and overcome $1.25 may reveal whether the recent rebound marked the long-awaited bottom, or if the market still has one last shakeout ahead. Despite the uncertainty, XRP continues to demonstrate remarkable power dominance, remaining the only cryptocurrency besides Bitcoin to hold a top-10 market-cap ranking continuously since 2014.
