XRP Price Crash Not Over Yet, Crypto Veteran Warns of Third Wave Down

XRP price is managing to protect the $1.00 support level this week after a few brutal crashes. The token is still trading above $1.00 at press time, but just barely.

The broader crypto market remains in freefall. Bitcoin is below $60,000 for the first time in nearly two years. Ethereum is down over 70% from its peak.

As you probably know by now, I like to cover CasiTrades on CaptainAltcoin since she is one of the rare high-level crypto analysts. If you read some of our previous pieces this week, she predicts $0.87 will be this bear market’s bottom for XRP.

But there is another person who posts high-level analysis on X about XRP. It is More Crypto Online – an account that has been tracking XRP’s wave structure for months. He just shared a chart that indicates the crash is not over yet.

Crypto Analyst: Third Wave Down Still in Progress for the XRP Price

More Crypto Online tweeted: “XRP could still be working on the third wave to the downside.”

The attached chart shows XRP/USD on the 4‑hour timeframe on Bitstamp from February through September 2026. The wave count is complex, but the message is clear.

Key observations from the XRP chart:

The overall structure: XRP appears to be in a larger corrective structure. The chart labels a (1)-(2)-(3)-(4)-(5) down pattern, with the current price action potentially representing the third wave down.

The third wave: The annotation on the chart says “XRP could still be working on the third wave to the downside.” This is significant because third waves are typically the longest and strongest in Elliott Wave theory. If this is wave 3, there is still more downside to come.

Key Fibonacci levels: The chart shows several Fibonacci retracement and extension levels. The 78.6% level sits at $1.427, the 61.8% at $1.336, and the 50% at $1.276. These are resistance levels that price would need to reclaim to invalidate the bearish count. The chart also shows a 78.6% extension at $0.82, a .786 extension at $0.76, and a lower target at $0.555.

The sub-waves: The chart shows a smaller internal structure within the larger wave. There is an (A)-(B)-(C) structure around the $1.50 level, followed by a drop to the $1.00 zone. The current bounce from $1.00 could be a wave 4 correction before a final wave 5 down toward $0.82-$0.76.

The conclusion from the chart: More Crypto Online expects XRP to complete its third wave down, with targets at $0.82, $0.76, and possibly $0.555. This aligns with CasiTrades’ $0.87 target, though More Crypto Online sees a potentially deeper bottom.

CasiTrades and More Crypto Online Agree: Bottom Still Not In

CasiTrades and More Crypto Online agree heavily on one thing: XRP’s dip is still not over and the bottom is not yet in.

CasiTrades has been tracking the $0.87 target for months. More Crypto Online sees potential targets at $0.82, $0.76, and even $0.555. Both analysts are using Elliott Wave theory. Both see a third wave down in progress. Both are urging caution.

This is not a coincidence. When two high-level analysts using different methods arrive at similar conclusions, it is worth paying attention.

Read also: ChatGPT Just Made a Shocking XRP and Ethereum Price Call You Need to See

Ripple CEO Criticizes MicroStrategy

While the price action is painful, Ripple CEO Brad Garlinghouse made news with a blunt critique of MicroStrategy’s Bitcoin strategy.

Garlinghouse publicly criticized MicroStrategy’s use of debt and equity to accumulate Bitcoin, calling it “negative” for the broader market. He highlighted the 25% discount on MicroStrategy’s perpetual preferred stock (STRC) as evidence of investor skepticism toward leveraged crypto bets.

He contrasted this with Ripple’s focus on building real-world utility for payments.

What this means: Garlinghouse is positioning Ripple as the responsible, utility-focused company, while painting MicroStrategy’s leveraged Bitcoin bet as reckless. It is a PR win for Ripple, but it does not change the short-term price action.

Where Could XRP Price Go From Here?

Both More Crypto Online and CasiTrades see more downside ahead. The wave structures are clear. The third wave down is still in progress.

The More Crypto Online scenario: the XRP price completes its third wave down to $0.82-$0.76, followed by a final fifth wave that could push even lower toward $0.55. This would be a worst-case scenario.

The CasiTrades scenario: XRP drops to $0.87, which aligns with her macro .854 support. From there, she expects a bounce and the beginning of a new trend.

The common ground: Both analysts agree that the bottom is still not in. The $1.00 level may not hold. A drop below $1.00 is likely.

Our take: I genuinely believe that it will be a very difficult summer for crypto. The macro environment is hostile. ETF outflows continue. The Clarity Act is stuck. Bitcoin is below $60,000.

For now, it is better to watch the market, read high-quality crypto media like CaptainAltcoin, and wait for that dip below $1.00 when it comes to XRP price.

The $0.87-$0.82 zone is the accumulation zone. That is where the risk-reward becomes attractive. Until then, patience is the real edge.

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