XRP downturn tested against analyst’s long-term bullish wave count
A technical analysis argues XRP’s broader rise from its 2024 breakout remains intact despite a seven-day decline.
A technical analysis argues XRP’s broader rise from its 2024 breakout remains intact despite a seven-day decline. XRP (XRP) is trading at $1.19. This is an original TLT brief based on reporting by CaptainAltcoin, with live market data added, as of Fri, 06 Nov 2026 19:00:05 UTC.
The interpretation shifts attention from XRP’s recent weakness to the larger market structure, but it remains one analyst’s chart-based assessment rather than a confirmed change in trend.
- XRP trades at $1.19 after falling 3.73% over 24 hours.
- A seven-day decline of 4.49% has not displaced the analyst’s broader bullish wave count.
- The analysis traces the current cycle to XRP’s 2024 breakout near $0.50.
- The total crypto market is flat at $2.62 trillion amid a Fear & Greed reading of 28.
- XRP's Long-Term Ascending Channel Suggests Potential Rally to $30
- XRP Shows Signs of Breaking Long-Term Downtrend
- Analyst Predicts Potential XRP Downturn, Citing Key Support Level
- DailyCoin Analyst Sees XRP Near $13 in Long-Term Macro Framework
- XRP downturn tested against analyst’s long-term bullish wave count — this brief
CaptainAltcoin reports that CasiTrades views 
XRP’s recent selloff as potentially obscuring the larger bullish structure. Her long-term analysis, presented through an Elliott Wave count, maintains that the broader advance beginning with XRP’s 2024 breakout near $0.50 remains intact. The assessment concerns market structure rather than an announced fundamental development or a new event involving the asset.
The analysis shifts attention away from the immediate decline and toward the wider advance, according to the sole source. No independent outlet coverage was supplied, so the interpretation, wave count and conclusion are attributable to CasiTrades and CaptainAltcoin. The available reporting does not provide a projected price target, timeline or confirmation that a new upward wave has begun.
XRP is trading at $1.19, down 3.73% over 24 hours and 4.49% over seven days, leaving it with a reported market capitalization of $75.85B. The broader crypto market is comparatively stable at $2.62 trillion in total capitalization, while 
Bitcoin is down 0.36% over 24 hours. The Fear & Greed index stands at 28, placing market sentiment in the “Fear” category. What follows from the technical thesis is whether XRP’s broader structure remains intact alongside its near-term losses; the current data do not settle that question or establish a future price path.
Since this brief published about 2 hours ago, XRP (XRP) has moved from $1.19 to $1.19 — +0.00%.
The chart plots XRP's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 XRP ≈ ₦1,642.03 (about $1.19), down 4.1% over 24 hours. The naira itself trades about 2.4% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
XRP downturn tested against analyst’s long-term bullish wave — questions & answers
What is the central claim in the XRP analysis?
CasiTrades argues that XRP’s broader bullish cycle, which began with the 2024 breakout near $0.50, remains intact despite the recent selloff.
How is XRP performing in the supplied market data?
XRP is at $1.19, down 3.73% over 24 hours and 4.49% over seven days, with a market capitalization of $75.85B.
Is the bullish wave count independently corroborated?
No. CaptainAltcoin is the only supplied outlet, and the Elliott Wave interpretation comes from CasiTrades’ technical analysis.
How much is 1 XRP worth in naira today?
About ₦1,642.03 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $1.19. The naira price moves with both XRP's US-dollar price and the USDT/NGN rate; use our XRP in naira page for any amount.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from CaptainAltcoin. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.