XRP Price Forecast: Potential Dip to $0.87 Amid Bear Market
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Amid a prolonged downturn in the cryptocurrency market, XRP has seen a notable decline recently. Once valued over $3 in 2025, it now hovers below $1.4. The uncertainty surrounding XRP’s future trajectory is palpable as traders grapple with bearish sentiments. While some hold out hope for a market rebound, others are less optimistic about the coin’s short-term outlook.
Crypto analyst CasiTrades has shared insights that add weight to concerns about XRP’s price potential. According to her analysis, the current phase may see the cryptocurrency drop to $0.87 before any upward momentum can realistically take place. The anticipated dip would be part of a longer consolidation process.
CasiTrades has provided a detailed technical breakdown of XRP’s movement, indicating that the cryptocurrency has been experiencing stagnation within an Elliott Wave structure’s Wave 4 for 34 days. This stagnant behavior is often characterized by minimal price fluctuations, leading to decreased volatility, as noted by her observations on X.
The analyst’s chart reveals that XRP is currently priced at approximately $1.39 and is caught in a corrective pattern that has persisted since early February. She highlights that such patterns are frequently indicative of Wave 4 activity, marked by extended periods of consolidation that can frustrate traders on both sides.
CasiTrades identifies two critical price points that will play a pivotal role in XRP’s forthcoming movements. The first price level of concern is the $0.87 mark, aligned with the 0.854 Fibonacci retracement level. Should XRP decline to this point, she forecasts it will serve as a robust support zone, potentially marking the end of the ongoing correction and signaling the beginning of a recovery.
The second vital price level is around $1.65, corresponding closely with the 0.618 Fibonacci extension. Should XRP manage to break through this resistance and maintain it as support, there is potential for a reversal of the bearish trend, indicating a shift towards a more bullish outlook.
Looking ahead, if XRP reflects the bearish scenario proposed by CasiTrades, she suggests that following the completion of Wave 4 near $0.87, the market could enter Wave 5, a phase expected to bring substantial recovery. This is illustrated by a green line on her chart that indicates a considerable rebound after the corrective phase concludes.
Should XRP indeed experience a rebound from the predicted $0.87 level, it could climb towards the intermediate resistance area around the 0.786 Fibonacci retracement at approximately $1.085. Following this, the cryptocurrency may aim to retest its previous resistance near $1.65, with the possibility of reaching around $1.78. A breakthrough at this level could trigger further upward movement, potentially pushing XRP past the $1.9 mark.
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Elena Rodriguez
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