XRP has come back under pressure after failing to hold strength near resistance, and the latest read from analyst CasiTrades keeps the broader setup bearish. The recent stabilization is being treated as a corrective rebound rather than a confirmed reversal. As long as XRP does not break and sustain levels above $1.65, the path toward $1.09 and potentially $0.87 remains the main scenario.
Current wave count still places XRP inside a larger decline
CasiTrades said XRP is forming a subwave 2 correction within a broader wave 5 move lower. In that framework, the present bounce is temporary. The analyst added that the structure remains intact as long as price stays above $1.36 without setting a new low, making that level a near-term marker for traders watching whether the correction can continue.
Recent price action fits that view. After rebounding from local lows, XRP formed an A-B-C corrective pattern, with wave A carrying price toward the $1.46 area. Wave B then pulled back more deeply than expected to around $1.38, touching the 0.786 Fibonacci level while still remaining inside acceptable corrective limits. That move suggested buyers were active, but not strong enough to take control of the broader trend.
C-wave target lowered as momentum weakens near resistance
The projected C wave is now aimed at roughly $1.485, which lines up with the 0.5 Fibonacci level instead of the more typical 0.618 Fibonacci zone near $1.51. That revision points to softer upside momentum. Each push toward resistance has looked less forceful, and buyers have not shown the same aggression seen in stronger recovery attempts.
XRP is also still running into rejection near a descending trendline that capped earlier rallies. The article noted that momentum indicators, including RSI, remain subdued, showing that buying pressure has faded after the recent bounce. Price may still fluctuate in the short term, but the larger bearish structure has not been invalidated.
Downside levels at $1.09 and $0.87 remain active targets
With the current structure still in place, the analyst continues to watch lower support zones at $1.09 and the more critical $0.87. Those areas were described as matching historical demand zones and liquidity pockets that can attract renewed interest during extended declines.
The invalidation point is clearly defined. A sustained move above $1.65 would break the current wave structure and suggest a shift in direction. Until that happens, XRP remains in a corrective phase inside a broader downtrend, with downside risk still setting the tone.