XRP is trading near $1 after declining below two key Fibonacci retracement levels at $1.086 and $1.091. According to analyst CasiTrades, the immediate reversal area sits at $0.9855, with additional support at $0.8688 in the broader $0.87 to $0.90 zone.
A double bottom formation around $1 would preserve the current bullish wave structure, but a fresh low near $0.90 could require a reset of the short-term wave count. CasiTrades notes that such a move would delay the next major advance by several months rather than invalidating the longer-term thesis.
The analysis identifies several key resistance levels: a move back above $1.09 would reclaim the previously broken support cluster, while resistance sits at approximately $1.13 and $1.25. CasiTrades maintains her bullish macro outlook unless XRP breaks below the October 2025 low near $0.77, which would challenge her broader count.
Technical indicators show a bullish divergence: the Relative Strength Index sits near 35 and is forming higher lows while price makes lower lows. This divergence may signal weakening selling momentum, though it does not confirm a bottom on its own and requires price confirmation.
The broader market environment offers limited support for an altcoin-led rally. CoinMarketCap's Altcoin Season Index stands at 39 out of 100, below the 75-point threshold that marks altcoin season. Meanwhile, Glassnode data shows Bitcoin's Coinbase premium has remained negative, with its 30-day average reaching its deepest level since February.
For XRP, the near-term checkpoints are clear: defending support around $0.98 to $1, then reclaiming $1.09. Failure at the $1 level would expose the $0.90 region to further testing.
