XRP has moved below the key $1.31 support level, increasing concern that the token could face a deeper pullback in the near term. According to the source material, XRP fell to an intraday low of $1.281 on Thursday, briefly breaking beneath a closely watched support area as broader macroeconomic pressure weighed on the market. Although the token later reclaimed $1.315, the short-term structure remains fragile.
Analyst points to lower downside targets
Market analyst CasiTrades said the current bearish trend may not be over yet. The first downside targets are seen in the $1.05 to $1.09 range, suggesting that XRP could still experience another leg lower if selling pressure persists. Traders are now watching whether the recent loss of support turns that area into resistance during any rebound attempt.
The analysis also outlines the possibility of a final decline toward the $0.87 macro support level. This zone is said to align with the 0.854 Fibonacci retracement, giving it added technical significance. If XRP fails to stabilize above recently reclaimed levels, that area could become a major focus for market participants assessing medium-term downside risk.
Short-term weakness contrasts with long-term optimism
Even with the current bearish setup, longer-term views on XRP remain mixed rather than uniformly negative. The source notes that some analysts still hold highly bullish projections, with speculative targets as high as $80 per coin. However, such forecasts remain speculative and are not supported by present market action.
For now, XRP appears to be at a pivotal technical point. Investors will likely focus on whether the token can hold above $1.31 again and avoid a move toward $1.05-$1.09 or even $0.87. With macro pressures still affecting sentiment, volatility may remain elevated and risk management is likely to stay front and center.