XRP Wave B Pullback: Key Levels $1.12 and $1.25 Decide the Next Move
Crypto analyst CasiTrades says XRP is near a potential turning point after its Wave B pullback. XRP recently touched the $1.09 level (0.786 Fibonacci), then bounced above $1.12 and is trading around $1.13 (CoinCodex). The key trading focus is whether XRP can hold $1.12 support (also near the 0.5 Fibonacci). If buyers defend $1.12, the recovery could gain traction toward the next major resistance at $1.25. In Elliott Wave terms, $1.25 is the upper boundary of a potential Wave 4 rally. A confirmed breakout above $1.25 would strengthen the bullish case that the macro correction is already bottoming. Further validation would come from a move above $1.30, and a rally toward $1.65 would make another major downside move less likely, suggesting the correction may be complete and a new uptrend could start. The bearish risk is a rejection around $1.25, which could trigger a retest of $1.09. If $1.09 fails, CasiTrades outlines a potential final capitulation move toward $0.90, completing a larger Wave 2 correction before a more durable recovery. Traders should watch XRP’s ability to defend $1.12 and reclaim $1.25, because these levels may signal whether this Wave B rebound is the cycle bottom or just a relief bounce.
Neutral
The article frames XRP as being at a decision point, not as a clear breakout. Support is centered on $1.12 (around the 0.5 Fibonacci) after a bounce from $1.09 (0.786 Fibonacci). Bullish follow-through would require a convincing reclaim of $1.25 (Wave 4 rally ceiling) and possibly $1.30/$1.65. However, it also lays out a complete bearish pathway if $1.25 rejects: a retest of $1.09 and, if that fails, a potential drop toward $0.90 to finish a larger Wave 2 correction. This “if/then” structure is similar to past crypto cycle pullbacks where markets first defend a Fibonacci support, then test the next resistance before confirming whether the move is a true reversal or only a relief rally. Because the outcome depends on near-term price acceptance at $1.12 and $1.25, the direct trading implication is mixed: traders may see upside setups on confirmation, but risk management remains critical around resistance rejection and support breakdown. Over the short term, volatility is likely to rise around these levels; in the longer term, success would suggest the broader correction is finishing, while failure would imply more downside is still needed.