XRP continues to show signs of weakness bearish pressure builds steadily beneath the surface. Despite brief rebounds, the lack of strong follow-through suggests that the market is still firmly under seller control. With the key resistance positions and downside structure intact, momentum appears to be shifting towards a deeper move, bringing the $0.87 support level increasingly into focus.
XRP struggles to find strength as bearish pressure builds
Crypto analyst CasiTrades recently revealed that XRP’s price action remains noticeably weak, indicating that a significant downward move is approaching. There is a firm expectation that XRP will eventually decline to reach established support levels. The prevailing sentiment is one of caution as the market prepares for a possible collapse.
While the descent takes time, a process described as incredibly frustrating to those who watch the charts, the trajectory remains downward. This slow decline indicates that the ultimate goal has not yet been achieved, even if the pace of the movement is slow.
A defining characteristic of the current market is the extreme weakness seen in any recovery attempt. Support moves are consistently broken off around the .382 Fibonacci retracement level, a clear technical indicator that sellers remain firmly in control.
CasiTrades highlighted that selling momentum picked up again within a 1-hour period on Monday. This sudden increase in activity indicates that the market is unlikely to remain sluggish for much longer. With the bears reasserting their influence, the stage is set for a more volatile push toward the lower support zones mentioned in the analysis.
$1.31 is emerging as a key resistance barrier
According to CasiTrades, XRP is currently trying to stabilize around the $1.31 level, but this zone is seen as a key resistance area, particularly the Wave 4 extreme within the broader structure. The continued hesitation and lack of strong follow-through at this level are not a surprise, as the price typically struggles when testing key resistance after a corrective move. Moreover, the analyst emphasizes that once this level breaks, the downtrend could quickly accelerate.
CasiTrades continues to monitor a developing Wave 3 move to the downside, with a primary target around $1.09 and possible subwave extensions to $1.06. After that, a temporary Wave 4 rebound is expected to occur, with the price possibly returning to the $1.22 to $1.31 range before encountering renewed resistance.
From there, the broader trend is expected to continue lower towards the macro support zone at $0.87. Although the move has been slower than expected, the overall structure remains intact, with the price gradually coming in line with the bearish outlook.