XRP breaks trendline, targets $0.87 support zone
XRP breaks a weeks‑long trendline. Bias turns lower toward $0.87 unless $1.65 is reclaimed.
CasiTrades reports a clean break below the consolidation trendline, which now acts as resistance. This matches Friday’s outlook and supports a final leg down setup toward the $0.87 support zone before any larger move higher CasiTrades update, NewsBTC on $0.87 support.
On lower timeframes, the current bounce is tracked as a subwave‑2 move. A defined RSI trendline supports this recovery. A break of that RSI line would likely start wave 3 to the downside NewsBTC on RSI structure.
Key levels traders watch:
- $1.40–$1.41 as a potential B‑wave area NewsBTC on B‑wave zone
- $1.51–$1.55 as a possible C‑wave completion zone NewsBTC on C‑wave zone
- $1.65 as the level to reclaim and hold to invalidate the $0.87 path CasiTrades update
The broader structure may be rhyming with prior cycles. Archie notes a similar push‑retest‑push pattern after a higher low, with a daily divergence hinting at returning strength. He adds the key trendline could break as early as this weekend if momentum persists Archie’s cycle update.
First mention: XRP
