XRP Structure Shifts Bearish. Analyst Shares Key Levels to Watch

Technical analyst CasiTrades has issued a cautionary update on XRP, stating that the asset’s structure has gone bearish following a notable trendline break. Accompanied by detailed chart analysis, the analyst explained that price action is beginning to show increasing sell pressure, with previous support levels now at risk of turning into resistance.

According to CasiTrades, XRP’s loss of the B-wave low marks a significant structural change. This development signals weakening upward momentum and suggests that the recent consolidation phase may resolve to the downside.

The chart shared in the update illustrates a completed corrective pattern, with the breakdown reinforcing the view that the market is preparing for lower price levels.

The analyst emphasized that the broken trendline is now positioned to act as resistance, limiting the potential for sustained upward movement in the near term. As long as this structural shift remains intact, downside continuation is considered the higher-probability scenario.

Key Support and Resistance Levels to Watch

CasiTrades identified $1.40 as immediate local resistance. The analysis states clearly that as long as XRP remains below this level, downward pressure is expected to persist. The inability to reclaim $1.40 would reinforce the bearish bias and increase the likelihood of a move toward deeper support zones.

On the downside, the analyst highlighted $1.11 and $0.87 as the primary targets. These levels align with major Fibonacci retracement zones shown on the chart, including the 0.786 retracement near $1.0875 and the 0.854 retracement around $0.8644. The visual analysis also indicates confluence with prior structural support, strengthening the significance of these price areas.

The chart further outlines macro resistance near $1.65. CasiTrades noted that only a decisive move above this level would invalidate the bearish outlook. A confirmed flip of $1.65 into support would signal renewed strength and potentially reestablish bullish momentum. Until that occurs, the broader structure remains vulnerable.

No-Trade Zone Remains in Effect

Despite outlining clear downside targets, CasiTrades cautioned that the market remains in what is described as a no-trade zone. The analyst advised patience, stating that traders should wait either for the price to reach the lower support levels or for a confirmed breakout above $1.65 before considering new positions.

The accompanying Relative Strength Index on the chart also reflects weakening conditions, with recent highs forming within a rising channel before rolling over. This supports the thesis that momentum is fading rather than strengthening.

CasiTrades’ assessment presents a structured bearish outlook for XRP in the short to medium term. With $1.40 acting as near-term resistance and $1.11 and $0.87 identified as major downside objectives, the analyst maintains that caution is warranted. Only a decisive reclaim of $1.65 would alter the current market structure and shift momentum back in favor of buyers.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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