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XRP must break $1.65 to confirm correction end and target $2.40, says analyst.

Technical Signals
22 Oct 2026
Tokenpost
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Bullish
XRP must break $1.65 to confirm correction end and target $2.40, says analyst.

Crypto analyst CasiTrades states that XRP needs to surpass $1.65 to confirm the end of its price correction based on Elliott Wave analysis. Resistance levels are noted at $1.35, $1.41, $1.46, $1.53, and $1.58 before reaching $1.65. If XRP breaks this threshold, a potential target of $2.40 for a smaller Wave 3 could be reached. Support is identified at $1.27, linked to a Fibonacci retracement and Wave 2 target, separate from the $1.65 confirmation level.

XRP trades at Rp23.676 on Pluang with a 2.70% decline as of Oct 23, 2026 09:02 WIB, while the platform shows a 55% sell order activity. This current market behavior provides context to CasiTrades’ analysis on XRP needing to break $1.65 to confirm a price correction end. The circulating supply is 63.1 billion XRP, reflecting significant market participation at this stage.

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