The XRP price has been trending downward for several months now, falling from a yearly high above $3 in 2025 to under $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 a recovery, others project further downside. For her bearish forecast, crypto analyst CasiTrades suggests that XRP’s consolidation phase may not be over. She projects that the cryptocurrency could still crash further to $0.87 before the current bear market ends.
XRP Price Faces $0.87 Crash
CasiTrades has presented a fresh technical update on XRP’s price action, outlining a short-term bearish scenario which could see the cryptocurrency decline significantly to $0.87 before any meaningful recovery begins. Posting on X, she 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 across the pair has dropped considerably.
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According to the chart, XRP is currently trading around $1.39 and remains trapped within a corrective structure that has been moving sideways since early February. CasiTrades noted that this pattern was typical of Wave 4 behavior, often accompanied by 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 aligns with 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 where the cryptocurrency’s ongoing correction could complete, and a recovery could begin.
The second level is the resistance around $1.65, which closely corresponds to the 0.618 Fibonacci extension. CasiTrades suggests that if XRP moves higher and breaks above this level, then holds it as support, it would invalidate the cryptocurrency’s bearish outlook and signal a potential shift back to bullish momentum.
XRP Recovery Expected After Wave 4 Bottom
If XRP follows the bearish scenario, CasiTrades chart suggests that once Wave 4 completes near the $0.87 support zone, the market could transition into Wave 5, a projected strong recovery phase. The green line on the chart illustrates this expected rebound, pointing significantly higher after XRP’s corrective phase ends.
Following the projected trajectory of the green line, XRP is expected to rebound sharply from $0.87 and move toward the next intermediate zone near the 0.786 Fibonacci Retracement around $1.085. From there, the price is projected to revisit its previous resistance area near $1.65, before potentially climbing to a second resistance level around $1.78. If the cryptocurrency breaks above this level with bullish momentum, the chart suggests a further surge that could propel XRP beyond $1.9.
Featured image from Freepik, chart from Tradingview.com