- XRP has recovered from recent lows but remains stuck below the key $1.18 resistance level.
- Analyst CasiTrades believes the current bounces are healthy and could be setting up a final correction toward $0.87.
- Support at $1.09 and $1.00 will be closely watched before traders can confirm a longer-term bottom.
XRP has joined the broader crypto recovery, climbing from recent lows near $1.01 to trade around $1.15 as Bitcoin reclaimed $63,000 and Ethereum pushed back above $1,800.
The rebound has certainly improved sentiment. But according to popular XRP analyst CasiTrades, the correction may not be over just yet.
In her latest market update, the analyst argued that while the recent bounce is encouraging, XRP could still revisit lower support levels before beginning its next major uptrend.
CasiTrades Says the Recent Bounce Is Actually Bullish
CasiTrades shared her latest XRP analysis on July 6, pointing out that the recent recovery is behaving exactly how healthy corrections often unfold.
Rather than expecting prices to move straight higher, she believes the current rebounds are helping reset momentum indicators while gradually exhausting selling pressure.
In her view, that’s an important part of building a sustainable bottom.
The analyst still expects XRP to revisit lower support levels before the correction is fully complete, with the market continuing to search for liquidity before the next major trend develops.
XRP Rejected at $1.18 Resistance
One of the clearest signals came when XRP rallied into the $1.18 resistance area.
The move looked promising initially, but buyers quickly lost momentum as sellers stepped in, producing a sharp rejection.
Interestingly, Bitcoin experienced something similar around the same time.
BTC climbed toward its macro 0.5 Fibonacci retracement near $64,000 before also being rejected, suggesting that both markets encountered significant overhead resistance during the latest rally.
According to CasiTrades, that synchronized rejection sends a fairly clear message that buyers still have work to do before a broader breakout can develop.
Elliott Wave Structure Still Points Lower
Looking at the four-hour chart, CasiTrades believes XRP remains inside a corrective Elliott Wave pattern.
The structure suggests the market is still working through the final stages of its broader correction rather than beginning a new impulsive rally.
Her primary downside target remains the 1.618 Fibonacci extension around $0.87, a level she has consistently highlighted over the past several months.
While that target may appear aggressive, she argues that the current wave count continues supporting the possibility of one final move lower before the correction ends.
RSI Shows Momentum Cooling Again
Momentum indicators also support the cautious outlook.
After strengthening during the recent rally, the Relative Strength Index has begun rolling over again following XRP’s rejection at $1.18.
The RSI has slipped back toward the mid-40s after previously reaching above 60, suggesting bullish momentum has cooled considerably.
That doesn’t necessarily mean a major sell-off is guaranteed, but it does indicate buyers have yet to fully regain control.
Key Support Levels Come Into Focus
Before XRP could even approach the $0.87 target, several important support zones stand in the way.
The first area sits around $1.09, followed by the psychologically important $1.00 level.
CasiTrades believes the market could pause at each of these zones as buyers and sellers battle for control. However, unless XRP can overcome nearby resistance, she still sees the path of least resistance pointing lower.
What Could Invalidate the Bearish Outlook?
The bearish scenario isn’t set in stone.
If XRP manages to hold above the $1.09 support level and eventually breaks above $1.18 with convincing trading volume, it would weaken the current bearish thesis considerably.
An even larger breakout above $1.30 would likely invalidate the $0.87 downside target altogether and suggest the correction has already finished.
Until that happens, though, CasiTrades believes caution remains warranted.
XRP Approaches a Pivotal Moment
The broader crypto market has undoubtedly improved over the past week, helping XRP recover alongside Bitcoin and Ethereum.
Still, technical resistance remains firmly in place.
Whether XRP can finally break above $1.18 or instead rolls back toward the $1.09, $1.00, and potentially $0.87 support levels may determine where the token heads for the remainder of the summer.
For now, the recent rally has offered optimism—but according to one of the community’s most-followed analysts, the final chapter of this correction may not have been written yet.
