$XRP is nearing a turning point after a long decline, with analysts Casi and ChartNerd pointing to key support levels and a possible long-term rise.
Casi: $XRP Wave 2 Could End Soon
Analyst Casi believes $XRP’s current correction, known as Wave 2, could be ending soon. She said the long decline may be hiding a bullish setup on the long-term chart.
“The end of this Wave 2 correction could quite literally happen any hour now,” she wrote on X.
In her post, Casi told $XRP holders to “zoom out” and not let the recent drop make them forget why they were bullish in the first place. She believes that once Wave 2 ends, $XRP could enter Wave 3, which could lead to a major rally and possibly new all-time highs.
Casi also said $XRP could briefly rally from around $1 before falling again. However, she believes the $1 area has already been tested several times.
For those looking to buy, she highlighted $1.004 and $0.774 as important support levels, based on Fibonacci analysis. Another key level is around $0.867.
Her main message is that Casi believes the current correction may be close to ending, and $XRP could be setting up for a major rally. For context, $XRP has already dipped 73% from its $3.66 peak in 2025.
ChartNerd Sees a Final Flush
Another $XRP analyst, ChartNerd, is also expecting further weakness before a larger reversal. He said $XRP is currently moving through a historical “weakness window” that has appeared during previous midterm U.S. election years.
“August is playing out as expected,” ChartNerd wrote, adding that $XRP is now “knees deep” into its weakness window.
The analyst compared the current market structure with the periods between June and September during the 2018 and 2022 cycles, both of which eventually produced major market bottoms.
ChartNerd believes the 2026 market could follow a similar pattern, warning that a final flush of weak hands remains highly likely.
The analysis suggests that $XRP’s current weakness does not necessarily invalidate the longer-term bullish thesis. Instead, another decline could complete the corrective structure before the next major advance.
$XRP’s Long-Term Targets Reach $27
Meanwhile, ChartNerd has also published a much more ambitious long-term projection for $XRP. In a separate analysis, he argued that $XRP reaching $8, $13 or even $27 by 2030 could be more realistic than some of the $15 targets that circulated when $XRP traded above $1.50 earlier this year.
The accompanying chart uses historical Fibonacci extensions and a time-based fractal to project future $XRP targets. It identifies extension zones around $4.85, $13.79 and $27.72, with the highest target corresponding to the 161.8% Fibonacci extension.
ChartNerd stressed that the projections are not certainties, describing them as a “data backed cyclical projection” rather than absolute predictions.
For now, the immediate question remains whether $XRP can complete its current Wave 2 correction. If Casi’s analysis plays out, the $1.00 area could be a favorable entry for long-term holders.