The cryptocurrency market appears to have reacted prematurely to the latest headlines about a partnership between Ripple and Mastercard. Experts are cautioning that XRP’s recent optimistic surge is not sustainable and likely to face further correction before any significant recovery.

The price analysis indicates that XRP briefly spiked toward $2.45, but data suggests that another decline is anticipated before any sustained relief rally can occur.

XRP’s Potential Downturn

According to crypto market analyst CasiTrades, the brief upward momentum merely pushed XRP into an extreme boundary, suggesting that the recent peak was a false signal. CasiTrades emphasizes that the low from Wave 3 at $2.05 has not been fully tested yet, and it is expected to retest this level, aligning with the Fibonacci macro 0.5 retracement level.

If this scenario unfolds, analysts predict a further decline towards $2.05, leading to a potential test of support, which could then precede a minor recovery to around $2.36.

Ripple’s Recent Partnerships

Ripple’s engagement with Mastercard to facilitate regulated card payments briefly boosted market sentiment this past week. However, shortly after the announcement at the Swell 2025 event, the gains were lost. Ripple disclosed its collaboration with Mastercard, WebBank, and Gemini to pilot transaction settlements using its RLUSD stablecoin on the XRP Ledger.

While this initiative sparked a short-lived uptick in XRP’s price on November 6, it has since retracted, with XRP currently trading at $2.18, reflecting a 5% decline over the previous 24 hours.