XRP Technical Warning: Wave Down Targets $1.09, Key Level at $1.31
Crypto analyst CasiTrades says XRP remains weak as relief rallies stay shallow and fail around the 0.382 retracement area. XRP is currently stabilizing near $1.31, which the analyst flags as potential resistance and the “extreme of Wave 4.”
A move down is getting closer: she expects the next major leg to be a Wave 3 decline, with targets near $1.09. Some sub-waves could push lower toward $1.06 before a corrective rebound begins. After that, a brief Wave 4 relief bounce is possible between $1.22 and $1.31, but the bounce is expected to be capped due to persistent selling pressure.
If Wave 4 fails, the chart suggests XRP could resume the larger downtrend toward macro support around $0.87. Momentum conditions (including RSI behavior) indicate buyers struggle to hold gains, with upward moves often reversed quickly. Traders are advised to watch $1.31 closely: maintaining it may slow acceleration, while a breakdown below it could trigger faster downside.
Overall, the analysis points to a structured bearish path for XRP before a larger support zone is tested. (Not financial advice.)
Bearish
The article’s core message is a bearish technical outlook for XRP. It highlights persistent selling pressure, shallow relief bounces, and a critical resistance area near $1.31 (Wave 4 extreme). The proposed path is a Wave 3 decline toward $1.09/$1.06, with only a short-lived corrective bounce before potentially testing macro support around $0.87. RSI/momentum behavior is used to support that upside attempts fail quickly.
In similar past market structures, when price repeatedly stalls near a stated resistance (like a retracement extreme) and momentum indicators fail to sustain, traders often rotate from dip-buying to downside confirmation trades. That typically increases short-term volatility and downside follow-through if key support breaks. Longer term, the scenario suggests XRP must first absorb the next down-leg before any more meaningful recovery can occur; until then, rallies are treated as sellable liquidity rather than trend reversal signals.