# XRP Faces a $1.65 Breakout Test in CasiTrades’ Bottoming Thesis By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/38557 Published: 2026-10-23T01:36:40.000Z Updated: 2026-10-23T01:36:40.000Z Section: Investing > CasiTrades’ Oct. 20 Elliott Wave setup makes a break above $1.65 the condition for a possible $2.40 Wave 3 target. An Oct. 19 analysis had marked $1.27 as support. XRP (XRP) would need to break above $1.65 to meet crypto analyst CasiTrades’ condition for confirming that a correction has ended under her Elliott Wave analysis. Her Oct. 20 post was timestamped 6:14 p.m. ET (22:14 UTC), with a move above that level as the test. Her setup places resistance at $1.35, $1.41, $1.46, $1.53 and $1.58 on the way to $1.65. The threshold sits within the [$1.60-$1.65 resistance range highlighted in earlier XRP coverage](). If XRP breaks above $1.65, CasiTrades’ scenario puts $2.40 in view as a possible target for a smaller Wave 3. The target depends on a breakout; it is a projection, not an observed price. CasiTrades’ Oct. 19 analysis separately marked $1.27 as support, tying it to a local 0.618 Fibonacci retracement and a Wave 2 target. That earlier support level is distinct from the Oct. 20 confirmation condition at $1.65. ## Links in this article - [$1.60-$1.65 resistance range highlighted in earlier XRP coverage](https://www.tokenpost.com/news/investing/24811)