XRP Selloff Tests Long-Term Bullish Cycle in Technical Analysis

CaptainAltcoin reports that XRP’s latest decline may be obscuring a broader bullish structure in its chart. The outlet’s analysis attributes the view to CasiTrades, who argues that the advance beginning with XRP’s 2024 breakout near $0.50 has not been invalidated by the recent selloff. Her assessment is presented through an Elliott Wave framework rather than as a confirmed change in market fundamentals. The immediate data show substantial short-term weakness. XRP is trading at $1.17, down 4.23% over the past 24 hours and 6.40% over seven days, while its market capitalization is $74.01B. The steeper seven-day decline indicates that the pullback extends beyond a single trading session. This is a single-source account, with no additional outlet independently confirming the technical interpretation. The supplied coverage does not identify a fundamental catalyst for XRP’s decline, so the analysis and market data should not be treated as evidence that the broader cycle will necessarily continue. The wider crypto market is comparatively stable, with total capitalization at $2.62T and an overall flat trend, even as Bitcoin is down 0.20% over 24 hours. The Fear & Greed index stands at 25, classified as Extreme Fear, providing a cautious backdrop for an altcoin that has recently underperformed. Attention now centers on whether XRP can preserve the longer-term chart structure described in the analysis; no price target or definitive outcome was supplied.