The XRP price has been on a downward trend for several months, falling from an annual high above $3 by 2025 to less than $1.4 at the time of writing. With the crypto market facing strong bearish headwinds, XRP’s next move remains uncertain. While some hope for recoveryothers predict even more disadvantages. For her bearish forecast, crypto analyst CasiTrades suggests that XRP’s consolidation phase may not be over yet. She predicts the cryptocurrency could crash even further to $0.87 before the current bear market ends.
XRP price faces a $0.87 crash
CasiTrades has presented a new technical update on XRP price action, outlining a near-term bearish scenario in which the cryptocurrency could drop significantly to $0.87 before any meaningful recovery begins. She posts on X and notes that XRP has now spent 34 days inside Wave 4 of an Elliott Wave structure. During this period, price movement has been unusually slow and overall volatility within the pair has dropped significantly.
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According to the chart, XRP is currently trading around $1.39 and remains trapped in a corrective structure that has been moving sideways since early February. CasiTrades noted that this pattern was typical of Wave 4 behavior, often involving a prolonged, muted consolidation that slowly exhausts market participants and frustrates both bulls and bears.
CasiTrades has highlighted two key price levels that will likely determine XRP’s next move. The first is the $0.87 level, which corresponds to the 0.854 Fibonacci retracement shown on the chart. If XRP crashes to this level, the analyst expects it to act as a strong support area for the cryptocurrency continuous correction could complete and a recovery could begin.
The second level is resistance around $1.65, which closely matches the Fibonacci extension of 0.618. CasiTrades suggests that if XRP moves higher and breaks above this level and then holds it as support, it will the bearish outlook of the cryptocurrency and signal a possible shift back to bullish momentum.
XRP recovery expected after Wave 4 low
If XRP follows the bearish scenario, the CasiTrades chart suggests that once Wave 4 completes near the $0.87 support zone, the market could move to Wave 5an expected strong recovery phase. The green line on the chart illustrates this expected recovery, pointing significantly higher after XRP’s corrective phase ends.
Follow the projected trajectory of the green line, XRP is expected to recover sharply from $0.87 and move towards the next intermediate zone near the 0.786 Fibonacci Retracement around $1.085. From there, the price is expected to revisit the previous resistance area around $1.65, before possibly climbing to a second resistance level around $1.78. If the cryptocurrency breaks above this level bullish momentumthe chart suggests a further rise that could push XRP above $1.9.
Featured image from Freepik, chart from Tradingview.com