A prominent crypto analyst believes Ripple’s XRP is putting the finishing touches on a year-long correction that began after its all-time high in July 2025. The token, currently trading around $1.07, could see one final leg down to $0.87 before a major uptrend begins, according to analyst CasiTrades.
XRP surged to a record high above $3.00 in July 2025 after years of stagnation, but has since fallen sharply. It lost the $3.00 and $2.00 support levels in subsequent months and collapsed to $1.01 during the late June and early July 2026 market crash. The price has recovered slightly but remains more than 70% below last year’s peak.
A Final Push Lower
CasiTrades, a well-known technical analyst, outlined a potential final five-wave impulse down that could take XRP to major macro support at $0.87. Other analysts have also pointed to a bottom between $0.80 and $0.90. According to her analysis, the first wave would be a sharp decline toward $0.93, followed by a bounce to $1.00, which would then act as resistance. A rejection at that level would likely send the token to the projected $0.87 bottom. "That final move would complete the macro Wave 2 correction and finish off the correction we’ve spent the last year building!" she stated.
ChartNerd offered a similar prediction, suggesting that consecutive lower highs could push XRP well below $1.00. The consensus among several analysts is that this final leg down is necessary to cleanse the market structure and shake out weak hands before the next phase of expansion.
Bullish Expectations for the Next Phase
Despite the near-term bearish outlook, analysts remain optimistic about XRP’s long-term potential. MikybullCrypto joined the bullish chorus, noting that the token is forming something "massive" and has previously forecast a run to a new all-time high of $4.00 or beyond. CasiTrades echoed this sentiment, implying that once the correction ends, the next major trend could be substantial.
The price action in the coming weeks will be critical. If XRP holds above $0.87 and reverses, it would validate the corrective wave completion theory. A break below that level, however, could signal further downside. For now, the market watches closely as one of the most anticipated technical patterns in crypto plays out.