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Over the past month, the XRP price has experienced a significant decline, with its price dropping by 23% amid mounting selling pressure following the crypto market crash on October 10. Some analysts are now suggesting that the altcoin’s correction is not yet complete.
Market expert Casi Trades recently shared insights on social media site X (formerly Twitter), indicating that enthusiasm surrounding the recent partnership announcement with Mastercard may have been premature.
During the Ripple Swell 2025 event in New York, the company unveiled a new collaboration with Mastercard, WebBank, and crypto exchange Gemini to test its RLUSD stablecoin as a means of settling credit card transactions.
The announcement initially propelled the XRP price toward the $2.41 mark. However, this surge was short-lived, and the price quickly retraced. It maintained its trajectory below the previous Fibonacci Wave 1 low , as seen in the chart below.
Casi Trades noted that this price rejection reinforces the belief that the Wave 3 low at $2.05 has not been adequately tested. She anticipates that the XRP price will likely trend downward toward this Fibonacci level to complete the subwave 5 of Wave 3.
Additionally, the relative strength index (RSI) supports this bearish outlook, indicating a divergence at the recent price high and suggesting a retest of the lower trendline is imminent.
Despite the current bearish sentiment, some analysts maintain bullish projections for the XRP price. Egrag Crypto recently remarked that the ongoing price formation resembles a range rather than a straightforward ascending wedge or rectangle.
Based on measured moves, projections suggest that the altcoin could reach a new all-time high around $10. If this is indeed Macro Wave 2, the anticipated Wave 3 could be 1.618 times the length of Wave 1, potentially placing targets between $14 and $25.
Moreover, the analyst pointed out the growing speculation that XRP will revisit its $0.77 wick on Binance. However, Egrag countered these discussions, noting that the altcoin could also reach the $50 “wick” observed on the Gemini crypto exchange.
While some believe the Binance wick to $0.77 must be filled, Egrag argues that ignoring the potential for XRP to hit $50 is a mistake, especially if market symmetry comes into play.
The analyst concluded his thesis by stating that this cycle could see the XRP price reaching that $50 level as the market undergoes its final blow-off phase. This would imply a major 2,155% uptrend ahead for the altcoins price.
When writing, XRP trades at $2.22, still recording gains of 318% year-to-date, according to CoinGecko data .
Featured image from DALL-E, chart from TradingView.com