The price of XRP has been in a downward trend for several months, falling from approx annual maximum above $3 in 2025 to below $1.40 at the time of writing. As the cryptocurrency market faces robust bearish headwinds, XRP’s next move remains uncertain. While some hope for recoveryothers predict further deterioration. In his bearish forecast, cryptocurrency analyst CasiTrades suggests that the XRP consolidation phase may not be over yet. He predicts that the cryptocurrency may drop further to $0.87 before… current bear market ends.
XRP price threatens to crash by $0.87
CasiTrades has presented a fresh technical update on XRP price action, depicting a near-term bearish scenario in which the cryptocurrency could drop significantly to $0.87 before any significant recovery begins. In his post on X, he notes that XRP has already spent 34 days inside Wave 4 of the Elliott Wave structure. During this period, price changes have been extremely leisurely and the overall volatility of the pair has decreased significantly.
According to the chart, the XRP price is currently around USD 1.39 and remains trapped in a corrective structure that has been trending sideways since the beginning of February. CasiTrades noted that this pattern was typical of Wave 4 behavior, which was often accompanied by long-term, muted consolidation that slowly exhausts market participants and frustrates both bulls and bears.
CasiTrades highlighted two key price levels that will likely determine XRP’s next move. The first is the $0.87 level, which coincides with the Fibonacci retracement at 0.854 shown on the chart. If XRP falls to this level, the analyst expects it to act as a robust support area for the cryptocurrency continuous correction it can end and recovery can begin.
The second level is resistance around $1.65, which closely corresponds to the Fibonacci extension at 0.618. CasiTrades suggests that if XRP moves higher and breaks above this level and then holds it as support, it will trigger a invalidation bearish cryptocurrency outlook and signals a potential shift back towards bullish momentum.
XRP recovery expected after wave 4 low
If XRP follows the bearish scenario, the CasiTrades chart suggests that once wave 4 ends near the $0.87 support zone, the market could go into Wave 5expected phase of robust economic recovery. The green line on the chart illustrates this expected rebound, pointing significantly higher once XRP’s corrective phase ends.
Following the projected trajectory of the Green Line, XRP is expected rebound sharply from $0.87 and head towards another intermediate zone near the Fibonacci retracement at 0.786 near $1.085. From there, the price is expected to revert back to the previous resistance area near $1.65 before potentially rising to the second resistance level near $1.78. If the cryptocurrency breaks above this level z Bullish momentumthe chart suggests further growth that could push XRP above $1.9.
Featured image from Freepik, chart from Tradingview.com
