- XRP correction signals temporary recovery before potential drop toward $0.87
- Analyst highlights weakening momentum as XRP struggles near key resistance
- Bearish structure holds unless XRP breaks above the critical $1.65 level
XRP price action has drawn renewed attention after failing to maintain strength near key resistance levels, with recent movements suggesting that the asset remains under broader bearish control despite short-term recovery attempts. Although price has shown signs of stabilization in recent sessions, the overall structure still reflects a corrective phase within a larger downward trend.
Wave Structure Signals Temporary Recovery Within Broader Downtrend
According to analyst CasiTrades, XRP is currently forming a subwave 2 correction inside a larger wave 5 decline, which indicates that the ongoing upward movement is likely temporary rather than a confirmed reversal. Additionally, the analyst noted that the structure remains valid as long as the price holds above $1.36 without printing a new low, reinforcing the importance of this level.
Recent price behavior supports this outlook, as XRP formed an A-B-C corrective pattern following a rebound from local lows. The A wave pushed price toward the $1.46 region, while the B wave retraced deeper than expected to around $1.38, reaching the 0.786 Fibonacci level but remaining within acceptable corrective limits.
However, the projected C wave is now targeting the $1.485 region, aligning with the 0.5 Fibonacci level rather than the traditional 0.618 level near $1.51. This adjustment suggests weakening bullish momentum, as buyers appear less aggressive when approaching resistance levels.
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Moreover, XRP continues to face rejection near a descending trendline that has consistently capped previous rallies, reinforcing the broader bearish structure. At the same time, momentum indicators such as RSI remain subdued, indicating that buying pressure is fading after the recent rebound.
Downside Targets Remain in Focus as Structure Holds
According to the analyst, XRP is still likely to revisit lower support zones before any meaningful trend shift occurs, with downside targets positioned around $1.09 and the more critical $0.87 level. These levels align with historical demand zones and liquidity areas that often attract renewed buying interest during prolonged declines.
Additionally, the invalidation level remains clearly defined, as a sustained move above $1.65 would disrupt the current wave structure and suggest a shift in market direction. Until such a breakout occurs, price action is expected to remain within a corrective phase, with downside risk still dominating the overall outlook. XRP continues to trade within a corrective structure, and unless price breaks above $1.65, the path toward $1.09 and $0.87 remains the dominant scenario.
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