XRP News Today: Ripple's XRP Drops 6% From Peak, Analysts Eye $2.07 Support

Generated by AI AgentCoin World
Friday, Jun 27, 2025 12:46 pm ET1min read
XRP
--

Ripple's price has experienced a 6% decline from its recent peak of approximately $2.23, occurring just three days prior. This rapid downturn has left many XRP holders questioning the extent of the decline and the timing of the next rebound.

According to analyst CasiTrades, the current price action of XRP is undergoing a controlled correction rather than a breakdown. He explains that Ripple's price movements have been following a structured pullback after the recent rally, which was expected.

CasiTrades noted that XRP initially dropped to around $2.10 before quickly rebounding to test the $2.145 level, which had been acting as a key resistance. This area also aligned with the 0.382 Fibonacci retracement, indicating a natural pause point for XRP before its next move.

CasiTrades emphasizes that the $2.07 level is crucial for the next XRP bounce. He believes this level could provide solid support and initiate a new bullish wave. The $2.07 price point is significant because it aligns with several important technical factors, including the golden 0.618 Fibonacci retracement level of XRP’s recent rally, the 1:1 extension for wave C, and the 0.618 extension of wave C’s fifth subwave.

When multiple Fibonacci levels converge, CasiTrades suggests it often signals a strong pivot point for the market. He adds that algorithms and smart investors closely monitor these areas for potential positioning.

As Ripple's price hovers near this critical zone, CasiTrades anticipates a potential rebound around $2.07, which could drive the price back toward $2.25. If the momentum is strong enough, XRP could even reach the $2.69 level in the coming days or weeks.

The analyst also points out that the RSI indicator shows bullish divergence on several timeframes, indicating that selling pressure is weakening despite the price decline. This setup often leads to a sharp reversal when the price finally bottoms out.

While Ripple's price is currently in a dip, CasiTrades believes this mature correction could soon end, paving the way for a fresh rally if XRP finds support at the critical $2.07 level.