Analyst Predicts XRP Price Crash To $1.4 In Final Wave

Crypto analyst CasiTrades forecasts a potential XRP price crash to $1.4, driven by a final wave of the downtrend. This prediction arises despite anticipated bullish factors like Federal Reserve rate cuts, which usually boost altcoins. CasiTrades bases her analysis on exchange retracements, particularly Binance's price action. This price drop would complete Wave 2 correction, paving the path for a future Wave 3 impulse. She highlights XRP’s current crucial decision point as the price tests Wave 4 highs, suggesting a possible further decline. To invalidate the crash, XRP needs to decisively break and hold above $2.82 on Binance. CasiTrades rules out an immediate V-shaped recovery, suggesting that selling pressure isn't fully depleted. She views deeper support levels at $1.4 as favorable accumulation zones. In contrast to CasiTrades' bearish outlook, analyst Egrag Crypto believes XRP's bull run is still intact. Egrag Crypto asserts that the bull run isn't over, provided XRP holds above $2.20 and $1.97 on a monthly close. He believes in an upcoming surge, influenced by the ongoing quantitative tightening and future Fed rate cuts. His analysis suggests the final upward leg of the cycle is yet to unfold, contrasting with the prevailing cautious sentiment. The current XRP price is trading around $2.6, reflecting recent market fluctuations.