XRP Price Targets $1.65 Next, But BTC Correction Could Push It Down First

• XRP targets $1.65 resistance, but Bitcoin’s incomplete wave pattern may trigger pullback to $1.30 first.
• Technical indicators show mixed signals with RSI at 36 and MACD turning bullish on 4-hour timeframe.
• A deeper Bitcoin correction to $52.2k could drag XRP down to $0.87 support, filling liquidity gap.

XRP trades near $1.46 after weeks of steady downside pressure. Market attention has shifted to Bitcoin’s next move and its impact on XRP. 

Crypto analyst TARA, known as @PrecisionTrade3 on X, outlined multiple scenarios based on wave structure. The analysis highlights near-term risks before any renewed upside attempt. TradingView charts also show XRP holding a fragile consolidation zone.

XRP Faces Pressure as Bitcoin Wave Structure Remains Unfinished

TARA reported that XRP already reached its 0.382 resistance near $1.53. The analyst noted that Bitcoin’s wave pattern still looks incomplete. 

According to the post, Bitcoin may correct toward $65,800 in the short term.

This move could drag XRP toward $1.30 as temporary support. TARA explained that XRP may then attempt another wave higher. The next upside target stands near the 0.5 level at $1.65.

However, a deeper downside remains possible. A new Bitcoin low near $52,200 could push XRP toward $0.87. TARA linked this level to the 0.786 Fibonacci support and a previous liquidity gap. The analyst said updates will follow as price action develops.

Daily Chart Shows Bearish Structure and Weak Momentum

TradingView’s daily XRP chart shows price near $1.46 after rejecting the January rebound near $2.40. XRP trades below the 20-day moving average. It also sits in the lower half of the Bollinger Bands.

This structure confirms sustained bearish pressure. The chart displays lower highs and lower lows since late December. Recent candles formed close to the lower Bollinger Band near $1.29.

The Relative Strength Index stands around 36. It recovered slightly from near-oversold levels near 32. This move signals easing selling pressure without a bullish shift.

Key support appears at $1.40, then $1.29. 

Resistance levels stand near $1.71 and $2.13. The recent decline has elevated trading volume. Moreover, XRP is moving as capitulation selling rather than a quiet pullback.

Four-Hour Chart Signals Stabilization After Sharp Decline

On the four-hour chart, XRP consolidates around $1.46. Price rebounded from an intraday low near $1.40. The broader structure still leans bearish but shows early stabilization.

Candles now form above the demand zone between $1.40 and $1.43. This pattern suggests sellers have slowed after extended declines. RSI on the four-hour chart sits near 51.

This reading marks a shift from bearish to neutral momentum. It also reflects early bullish divergence from recent lows. The MACD indicator crossed upward with growing green histogram bars.

These signals point to improving short-term momentum if volume continues to rise. Support remains at $1.40, followed by $1.32. Resistance stands near $1.52 and then $1.65.

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