XRP continues to show signs of weakness as bearish pressure steadily builds beneath the surface. Despite brief relief bounces, the lack of strong follow-through highlights a market still firmly under seller control. With key resistance holding and downside structure intact, momentum appears to be shifting toward a deeper move, bringing the $0.87 support level increasingly into focus.
XRP Struggles To Find Strength As Bearish Pressure Builds
Crypto analyst CasiTrades recently revealed that XRP’s price action remains notably weak, signaling that a significant move to the downside is getting closer. There is a firm expectation that XRP will eventually move lower to reach established support levels. The prevailing sentiment is one of caution as the market prepares for a potential breakdown.
While the descent is taking its time, a process described as incredibly frustrating for those watching the charts, the trajectory remains pointed downward. This slow grind lower suggests that the final target hasn’t been met yet, even if the pace of the move has been sluggish.
A defining characteristic of the current market is the extreme weakness seen in every attempted bounce. Relief moves are consistently being cut short around the .382 Fibonacci retracement level, a clear technical indicator that sellers remain firmly in control.
CasiTrades highlighted that selling momentum picked up again within a 1-hour period on Monday. This sudden increase in activity suggests that the market will likely not stay slow for much longer. As the bears reassert their influence, the stage is set for a more volatile push toward the lower support zones mentioned in the analysis.
$1.31 Emerges As Key Resistance Barrier
According to CasiTrades, XRP is currently attempting to stabilize around the $1.31 level, but this zone is viewed as a key resistance area, specifically the Wave 4 extreme within the broader structure. The ongoing hesitation and lack of strong follow-through at this level come as no surprise, as price typically struggles when testing important resistance after a corrective move. Furthermore, the analyst emphasizes that once this level breaks, the downside could accelerate rapidly.
CasiTrades continues to track a developing Wave 3 move to the downside, with a primary target around $1.09 and possible subwave extensions reaching as low as $1.06. After that, a temporary Wave 4 relief bounce is expected to take place, with the price potentially retracing back into the $1.22 to $1.31 range before facing renewed resistance.
From there, the broader trend is projected to continue lower toward the $0.87 macro support zone. While the move has been slower than anticipated, the overall structure remains intact, with price gradually aligning with the bearish outlook.
Source: https://www.newsbtc.com/analysis/xrp/xrp-weakness-persists/
