XRP Eyes $2.03 as Potential Final Low, Setting Stage for Wave 3 Surge
According to renowned market analyst CasiTrades, XRP could be nearing the end of its wave 2 correction, with $2.03 emerging as a potential final low.
The analyst highlights that the ongoing price chop is playing a critical role in maintaining a bullish RSI divergence, a technical signal that often precedes strong upward movements.
CasiTrades emphasizes that if XRP touches $2.03 concurrently with Bitcoin testing its $88,000 support level, the market alignment, or confluence, becomes particularly significant.
Such synchronization between XRP and Bitcoin would not only reinforce the likelihood of a macro bottom but also create ideal conditions for the launch of a new macro Wave 3. Presently, XRP and Bitcoin are trading at $2.05 and $85,922, respectively.
What does this mean? Well the next wave could potentially propel XRP toward new all-time highs above the present one of $3.65, according to CasiTrades analysis.
Wave theory is key to this outlook. Wave 2 corrections often retrace the initial surge before a stronger Wave 3 push. In this context, $2.03 isn’t just support, it’s a strategic pivot where long-term buyers may enter to maximize risk-to-reward potential.
Furthermore, Technical indicators support this scenario. The RSI shows bullish divergence, signaling weakening downward pressure and a potential market reversal. According to CasiTrades, XRP’s ongoing price “chop” is sustaining this divergence, boosting the likelihood that $2.03 could mark the final low.
The XRP-Bitcoin correlation remains pivotal. A strong rebound of Bitcoin from $88,000 could trigger XRP’s next major upward wave, potentially setting the stage for Wave 3 and record-breaking gains.
CasiTrades’ analysis highlights $2.03 as a potential floor for XRP’s current correction, offering a high-probability entry point for traders tracking wave patterns and technical indicators.
Ripple Moves Massive 102 Million XRP to Dormant Wallet, Sparking Market Buzz
In a striking move that has caught the attention of traders and crypto enthusiasts, Ripple has transferred an astonishing 102 million XRP, worth over $202 million, to an unknown wallet, according to renowned market analyst Xaif Crypto.
The sheer scale of the transaction has set off speculation across social media and trading forums, highlighting the ongoing influence of large holders in the XRP ecosystem.
What makes this transaction particularly intriguing is the history of the receiving wallet. Activated four years ago, the wallet originally held a modest 6,000 XRP. For years, it remained largely inactive, drawing little attention from the market.
But now, with a sudden influx of 102 million XRP, it has transformed into a whale-sized holding, prompting questions about the intentions behind such a move.
Massive transfers like this often signal strategic moves by institutions or high-net-worth investors. While the intent is unclear, such activity can indicate accumulation, future trading plans, or the lead-up to major market events. Historically, reactivated dormant wallets with large sums have preceded notable price swings, fueling speculation and volatility.
Xaif Crypto emphasizes that massive XRP movements reflect the growing influence of whales on market sentiment. Such transactions signal strategic shifts that affect supply, liquidity, and price dynamics, making these wallets key indicators for Ripple’s next moves.
Notably, moving 102 million XRP is a powerful signal. It underscores Ripple’s strong institutional involvement and highlights how whale activity can sway market sentiment. For traders watching blockchain flows, this transaction is a stark reminder of the scale, influence, and unpredictability of the crypto market.
Conclusion
XRP’s $2.03 level could mark a critical turning point. If it coincides with Bitcoin holding $88,000 support, the setup for a macro bottom becomes strong, potentially igniting the long-awaited Wave 3 surge.
Meanwhile, the transfer of 102 million XRP highlights the immense influence of whales in the crypto market. While the wallet’s intentions remain unknown, such moves emphasize the need to track dormant wallets and blockchain activity, offering traders and investors key insights into potential XRP price shifts and the unpredictable dynamics of the crypto ecosystem.
