XRP’s price action continues to follow a clear corrective structure, setting 
the stage for a potential drop toward the key $2.03 support level. With 
momentum cooling and Wave 2 behavior unfolding as expected, the market may be 
preparing for one final dip before the uprend shift emerges. Wave 2 Dynamics: 
Why XRP’s Choppy Pullback Is Completely Normal CasiTrades, a well-followed 
crypto analyst, noted in a recent market update that XRP still appears to be 
navigating its way toward the macro 0.5 Fibonacci retracement level at $2.03. 
According to the analyst, the current price action aligns perfectly with the 
expected behavior of a Wave 2 correction-slow, choppy, and far from a straight 
drop. Related Reading: XRP Price Battles Breakout Resistance With Momentum 
Showing Mixed Signals In the breakdown, CasiTrades highlighted that the only 
factor capable of invalidating a retest of the $2.03 zone would be a clean and 
decisive breakout above the macro 0.382 Fibonacci resistance at $2.41. That 
point continues to serve as XRP’s defining threshold. As long as the price 
trades below $2.41, the chart structure strongly favors a continued downward 
drift, with a final tap of the 0.5 retracement level. She also pointed to a 
deeper macro target at $1.65, which aligns with the 0.618 Fibonacci level, 
another common landing point for Wave 2 pullbacks. The analyst explained that 
the longer XRP stalls beneath key resistance zones, the more likely it becomes 
that the price may need to dip to this lower support to build enough strength 
for a true reversal. CasiTrades stressed that a move to $1.65 would not signal 
weakness. Instead, such a drop could provide the ideal springboard for a 
powerful macro Wave 3 into new all-time highs. Smart Money Zones: Why 
Accumulation Happens Before The Breakout According to CasiTrades, now is not 
the moment to complain about XRP’s price behavior—this is the phase where 
informed accumulation takes place, at the key Fibonacci levels, not the 
breakout stage. The market has been in a prolonged range for months, and each 
interaction with $2.41 (.382), $2.03 (.5), and $1.65 (.618) presents another 
strategic opportunity to build positions ahead of the next major cycle. 
Related Reading: XRP Price Aims for Another Bullish Wave — Momentum 
Strengthening CasiTrades emphasizes that the broader market is already showing 
early signs of shifting momentum. Several micro-cap tokens have begun to post 
explosive moves, which is rarely random. These early breakouts signal that the 
market is preparing for its next significant trend phase. In this context, XRP 
is not lagging; it is simply completing its corrective structure before 
aligning with the wider market’s momentum. The analyst emphasizes that 
patience and discipline are essential at this time. Featured image from Adobe 
Stock, chart from Tradingview.com

XRP Corrective Path Clears: Market Poised For A Drop Toward $2.03

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XRP price started a fresh decline below $2.150. The price is now attempting to 
recover and faces resistance near the $2.15 pivot level. XRP price started a 
fresh decline below the $2.10 zone. The price is now trading below $2.150 and 
the 100-hourly Simple Moving Average. There is a bearish trend line forming 
with resistance at $2.150 on the hourly chart of the XRP/USD pair (data source 
from Kraken). The pair could continue to move down if it settles below $2.020. 
XRP Price Faces Resistance XRP price attempted a recovery wave above $2.20 but 
failed to continue higher, like Bitcoin and Ethereum. The price started a 
fresh decline below $2.150 and $2.120. There was a move below the $2.050 
support level. A low was formed at $2.025, and the price is now attempting a 
recovery wave. There was a move toward the 23.6% Fib retracement level of the 
downward move from the $2.525 swing high to the $2.025 low. The price is now 
trading below $2.150 and the 100-hourly Simple Moving Average. If there is a 
fresh upward move, the price might face resistance near the $2.140 level. 
There is also a bearish trend line forming with resistance at $2.150 on the 
hourly chart of the XRP/USD pair. The first major resistance is near the $2.20 
level. A close above $2.20 could send the price to $2.250. The next hurdle 
sits at $2.2750 or the 50% Fib retracement level of the downward move from the 
$2.525 swing high to the $2.025 low. A clear move above the $2.2750 resistance 
might send the price toward the $2.320 resistance. Any more gains might send 
the price toward the $2.350 resistance. The next major hurdle for the bulls 
might be near $2.420. Another Drop? If XRP fails to clear the $2.150 
resistance zone, it could start a fresh decline. Initial support on the 
downside is near the $2.050 level. The next major support is near the $2.020 
level. If there is a downside break and a close below the $2.020 level, the 
price might continue to decline toward $1.9650. The next major support sits 
near the $1.920 zone, below which the price could continue lower toward 
$1.880. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing 
pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for 
XRP/USD is now above the 50 level. Major Support Levels – $2.050 and $2.020. 
Major Resistance Levels – $2.150 and $2.250.

Cryptocurrency price in NOK