The price of XRP has been on a downward trajectory for several months, slipping from a yearly peak exceeding $3 in 2025 to below $1.4 recently. As the broader cryptocurrency market grapples with a strong bearish climate, the future of XRP remains uncertain. While some traders remain optimistic about a potential recovery, others foresee additional declines.
Crypto analyst CasiTrades has expressed a bearish outlook, suggesting that the current consolidation phase for XRP may not yet be concluded. She warns that XRP could potentially crash to $0.87 before the existing bear market subsides. In a recent analysis shared on social media platform X, CasiTrades provided insight into XRP’s price movements, identifying it as currently occupying the Wave 4 stage of an Elliott Wave structure. During this 34-day period, XRP’s price action has been notably sluggish, with volatility diminishing significantly.
Currently trading at around $1.39, XRP has been caught in a corrective pattern that has remained sideways since early February. CasiTrades emphasizes that this behavior is characteristic of Wave 4, which is usually marked by lengthy, muted consolidations that tend to exhaust market participants, leading to frustrations among both bullish and bearish traders.
In her analysis, CasiTrades pinpointed two crucial price levels that will likely dictate XRP’s upcoming movements. The first, at $0.87, corresponds with the 0.854 Fibonacci retracement level. Should XRP fall to this threshold, the analyst believes it could serve as a robust support area for concluding the cryptocurrency’s ongoing correction and initiating a recovery.
The second price level to note is the resistance zone around $1.65, which aligns with the 0.618 Fibonacci extension. CasiTrades argues that if XRP can break above this resistance and maintain it as support, it would invalidate the current bearish sentiment and indicate a potential shift toward bullish momentum.
Looking ahead, CasiTrades’ projections indicate that if XRP does follow the bearish course and reaches the $0.87 support zone, the market could transition into a subsequent Wave 5, signaling the onset of a strong recovery phase. The anticipated rebound, as illustrated by a green line on her chart, suggests that XRP could rise sharply from the $0.87 level, targeting an intermediate zone near the 0.786 Fibonacci retracement at approximately $1.085. Following this, XRP is expected to revisit its previous resistance near $1.65, and if it can break through this barrier, further gains could push the cryptocurrency past the $1.9 mark.
