XRP is holding near $1.12 after rebounding from the $1.09 support area, raising questions over whether the latest sell-off has ended. However, two technical analyses show that the market has not yet confirmed a final bottom.
Market analysts CasiTrades and TARA identify the $0.88-to-$0.90 region as the main downside target if the recovery fails. Their charts place immediate resistance between $1.17 and $1.25.
CasiTrades said XRP reached the 0.786 macro Fibonacci support near $1.09 before recovering into what the analyst labeled Wave A. Wave A represents the first rebound following a larger decline.
The chart then places the following Wave B pullback near the 0.5 retracement around $1.12. XRP price has since held that area, keeping the proposed ABC relief structure technically valid. Under this structure, the token could continue toward $1.25, where the chart places its strongest nearby resistance.
Source:
X
Intermediate retracement levels appear around $1.15, $1.17, and $1.20. Besides, momentum readings indicate that selling pressure has eased, with the relative strength index near 48, reflecting neutral momentum.
The $1.25 level marks the upper area where a Wave 4 recovery could remain compatible with another decline, according to CasiTrades. A rejection from that resistance would leave the projected fifth wave intact.
A fifth wave would represent the final downward phase of the larger correction. Under that bearish structure, price could fall below $1.09 and continue toward the $0.90 support region.
Nonetheless, a stronger recovery would require the token to defend $1.12 and clear nearby resistance. CasiTrades identified a break above $1.30 as an important signal of strength.
The analyst added that a move toward $1.65 would largely invalidate the projected decline toward $0.90. Until then, the chart does not confirm a completed bottom.
(adsbygoogle = window.adsbygoogle || []).push({});On the same accord, market analyst TARA said XRP had reached resistance near $1.17, while Bitcoin had not completed its projected advance toward $66,300. According to the anaLYST, further Bitcoin strength could support a move toward $1.20.
However, XRP must establish a new high above $1.17 during the retracement. Failure to exceed that level would preserve the projected fifth-wave target near $0.88. That target closely matches the $0.90 region identified by CasiTrades.
For now, the XRP token has stabilized above $1.09, but the evidence does not confirm a final bottom. Clearing $1.25 would strengthen the recovery, while renewed weakness would return attention to $0.88-$0.90.
Related: XRP Price Prediction: Will Kalshi’s XRP Perpetuals Trigger a Break Above $1.17?
