Analyst to XRP Holders: A Move Down Getting Closer. Here’s the Signal

XRP continues to show signs of weakness as recent price movements struggle to hold ground. CasiTrades (@CasiTrades), a prominent crypto analyst, highlighted the persistent selling pressure in a recent post, supported by a detailed chart analysis.

According to her observations, all relief bounces remain shallow, failing to sustain momentum beyond the 0.382 retracement levels.

This suggests that sellers maintain control of the market despite temporary upward moves. Currently, XRP is attempting to stabilize around $1.31. CasiTrades notes that this level may act as future resistance, marking the extreme of Wave 4. The market’s stalling behavior around this price point aligns with technical expectations.

A break below this threshold could accelerate downward movement. The chart indicates that the market may see a swift decline once selling momentum intensifies further.

Short-Term Targets and Wave Analysis

CasiTrades’ analysis employs wave theory to outline potential price action. She expects the next major move to be a Wave 3 down, targeting $1.09. Some subwaves within this downward move may reach around $1.06, signaling that further short-term declines could occur before a corrective phase begins.

Following this, a Wave 4 relief bounce may occur, ranging between $1.22 and $1.31. This upward correction is expected to be brief, consistent with the weak bounces observed in recent sessions.

After the Wave 4 recovery, XRP could resume its downward trajectory toward macro support around $0.87. The chart emphasizes that the broader downward structure remains intact, and current price action reflects a temporary pause within this movement. Technical indicators suggest that market participants remain cautious, and selling interest persists near key resistance zones.

Momentum Indicators and Market Behavior

The chart includes momentum analysis, highlighting the RSI trends. Shortly before her post, CasiTrades observed a surge in selling pressure, indicating that the market may not remain slow for long. The RSI shows that even small upward moves are quickly reversed, confirming that buyers are unable to establish significant control.

Price action around $1.31 is critical. Maintaining this level may prevent immediate acceleration, but breaking below it could trigger a rapid decline. Traders and investors are advised to monitor both Wave 3 targets and relief bounces closely, as these zones indicate areas of heightened market activity and potential volatility.

Outlook for XRP

The overall pattern illustrated in CasiTrades’ chart points to a structured downward movement before reaching a significant support level near $0.87.

While short-term bounces may occur, they are likely to remain contained. Market behavior indicates that sellers retain the advantage, and the next moves could unfold quickly once key price points are breached.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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