XRP 'correction isn’t done yet,' analyst sees more pain ahead

The crypto marketplace has gone done a chaotic period arsenic astir each the cryptocurrencies person mislaid 20%-30% of their worth during the period.

XRP, the third-largest cryptocurrency by marketplace cap, has besides mislaid 20% successful a period arsenic it trades astatine $2.34. Though Ripple's caller concern with Mastercard led to a momentary spike successful XRP's price, the downtick aboriginal softly humbled the traders.

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While immoderate crypto investors mightiness beryllium reasoning the worst is implicit and XRP volition soon jump, a fashionable expert thinks the cryptocurrency volition descend adjacent more.

On Nov. 6, @CasiTrades shared an XRP terms investigation illustration connected X and said the marketplace became excessively excited astir the Mastercard announcement and got up of itself.

"XRP’s Correction Isn’t Done Yet!"

In the illustration above, the expert studied XRP’s terms signifier utilizing Elliott Wave theory, which breaks marketplace trends into waves of upticks and downticks. She concluded that XRP is inactive successful a corrective signifier which has yet to implicit its journey.

Though XRP concisely jumped to $2.41 pursuing the Mastercard announcement, the spike was short-lived.

The expert predicted that XRP inactive needs to retest the $2.05 terms level and erstwhile the cryptocurrency hits that level, it volition spike toward the $2.36 level.

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Most likely, $2.05 would beryllium the final debased of the upcoming correction and the comparative spot scale (RSI) seems to concur with this theory, the expert underlined.

"We request further investigating of $2.05 earlier the correction is afloat complete!"

Notably, @CasiTrades isn't the lone expert to ringing alarm bells astir XRP's existent terms action. Recently, different fashionable crypto expert who goes by the X grip @AltCryptoGems said that if XRP doesn't reclaim the $2.7 level, "we mightiness beryllium successful existent trouble."

However, XRP has gained astir 6% successful the past 24 hours arsenic it trades astatine $2.34 astatine the clip of writing.

This communicative was primitively reported by TheStreet connected Nov 8, 2025, wherever it archetypal appeared successful the Trading News & Analysis section. Add TheStreet arsenic a Preferred Source by clicking here.