XRP Price Correction Is Far From Over: Bearish Divergence Signals Potential Revisit To $2.05

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. 

A Retest Of Key Fibonacci Level On The Horizon

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. 

XRP price

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.

XRP Price Poised For An Explosive 2,155% Increase? 

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 altcoin’s price. 

XRP 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