$XRP Price Recovery Pushes Toward Crucial $1.70 Resistance Zone

$XRP has been on a price recovery push since the start of October, after reaching a low of $1.47 on October 1. Analyst Casi believes this recovery could lead to a retest of the $1.70 area, which could be the most important test yet.

This is not the first time $XRP has tested this area, as it has already done so twice since last month. The first test was during the strong rally in late August, when prices climbed from $0.99 to $1.6977 before meeting resistance and pulling back.

Casi expects $XRP to complete another upward wave over the next few days and retest the $1.65-$1.70 resistance area. She notes that the market is showing signs that the current W5 structure has not fully developed, and that a strong move above $1.80 could invalidate her current analysis.

However, Casi warns against buying into the current wave, as it has already reached its 0.5 extension and could leave traders vulnerable to chasing the move due to FOMO. If the current wave finishes around $1.65 to $1.70 as expected, the market could record a larger correction, with potential downside targets at $1.26, $1.10, and $0.87.