thecryptobasic.com 
$XRP could start a new bullish trend as it approaches one of its most important technical levels in months after a sharp rebound from the $1.09 support zone.
According to experienced analyst CasiTrades, this recent $XRP development could invalidate the expectations of a deeper decline toward the $0.90 macro support area. The level below $1 has been a long-discussed target, but the strength of the latest recovery is beginning to challenge that outlook.
Why the $XRP Bounce Has Changed the Outlook
This week, $XRP has increased by nearly 5%, building on the strong momentum from the previous. CasiTrades highlighted that what makes the current rally noteworthy is the strength of the reaction from the macro 0.786 Fibonacci retracement near $1.09.
$XRP traded around that level earlier in the month after dropping to an intra-month low of $1.05. However, it has recovered considerably, bouncing 12.8% to its current price of $1.23.
The support zone around $1.05-$1.09 has repeatedly attracted buyers, but this latest rebound stands out because of its speed and momentum. $XRP quickly formed a higher low before bouncing from a short-term ascending trendline visible on an accompanying chart.
$XRP Bounces from $1.09 Macro Support/CasiTrades
Momentum indicators are also showing improvement. The relative strength index (RSI) has pushed above 80 on the 4-hour timeframe, reflecting the strongest buying pressure seen since April.
CasiTrades noted that the recovery from $1.09 has introduced a new scenario in which $XRP may already have bottomed and could start a new uptrend. However, that alone does not confirm the structural shift or invalidate the larger downtrend towards $0.90 yet.
$XRP Faces a Critical Test at $1.30
The analysis further highlighted $1.30 as the first major resistance zone. $XRP is currently testing this region after the bounce from the 0.786 Fibonacci macro support. According to the chart, this level was a former support that cushioned price weakness earlier in the year before falling below earlier in June.
Interestingly, CasiTrades noted that the move has already exceeded what she would typically consider a standard corrective C-wave target. While it confirms nothing at the moment, it raises the possibility that the $XRP structure could be changing its trend.
A rejection at the resistance would keep the broader bearish structure intact and could reopen the possibility of the long-discussed move toward $0.90.
The Level That Could Cancel the $0.90 Scenario
Despite the improving outlook, the analyst remains cautious because the broader chart structure has not fully shifted. According to her, the level that would invalidate the need for lower support levels is $1.65.
The chart identifies this area as a major resistance zone that has capped uptrends since February. Until $XRP can break above $1.65 and establish it as support, the market watcher does not completely dismiss the possibility of a decline to $0.90. From the current price level, $XRP would need to rally 34% to reach this decisive zone.
