Key highlights:
- XRP price remains stuck in a tight range as analysts warn the current calm may not last
- Analyst outlines a bearish roadmap targeting $1.13, $1.08, and potentially $0.87
- Short-term weakness contrasts with a possible rebound from the $0.85–$0.95 demand zone
XRP has been pretty quiet lately. It’s been hanging around the $1.30–$1.35 range for days, with not much action to get excited about. But that calm might be misleading.
CasiTrades, who’s known for breaking down XRP charts in detail, shared a warning on April 6. She already sees traders turning bullish again after a few green candles. In her view, that’s exactly how people get caught on the wrong side of the move.
Looking at her chart, the XRP price didn’t actually show real strength. It failed to push into a new high and instead formed a clean five-wave move straight into resistance. On top of that, bearish divergence showed up. That combination usually points to exhaustion, not momentum.
Why the XRP price still leans lower
When you zoom out a bit, the setup becomes easier to understand. The XRP price is still moving within a descending channel that’s been in play since February. Every rally has struggled to break through resistance, and lower highs keep forming.
CasiTrades outlines a clear path from here. First, she sees a move toward $1.13. Then a small bounce could follow, before another drop toward $1.08. After some back-and-forth, the bigger move may kick in, with $0.87 coming into focus.
This lines up with the Elliott Wave structure on the chart. The current bounce looks like a Wave (2) move, which often gives the impression that a recovery is underway. But if that count holds, Wave (3) would be next, and that’s usually the strongest move down.
The XRP price is also near an important Fibonacci area, sitting below the 0.5 and 0.618 levels. That zone often acts as a turning point, especially when the market starts to look stretched.
RSI and resistance aren’t helping
Momentum isn’t exactly supporting the bulls either. The Relative Strength Index has climbed during this bounce, which is typical for a temporary recovery. But if bearish divergence continues to build, it could be an early sign that the XRP price is about to turn lower again.
Then there’s the resistance zone between $1.49 and $1.55. That area has already pushed the price back multiple times. Until XRP can break above it and hold, it’s hard to make a strong bullish case.
That’s why patience is key here. The current range is where traders often get chopped up, reacting too quickly to short-term moves.
The bigger picture still matters
Even with the short-term downside in play, the overall outlook isn’t completely negative. There’s a strong demand zone between $0.85 and $0.95 that stands out. It lines up with deeper Fibonacci levels and past support, making it an important area to watch.
If the XRP price drops into that zone, it could set up a solid recovery later in April. The broader structure even points to a sharp rebound once the full five-wave decline is complete.
For now, though, the focus stays on the downside path. Until the XRP price breaks above key resistance or shows a clear change in structure, this bounce may just be part of a larger move lower.
CoinCodex’s 1-month XRP price prediction places the token around $1.30. That’s right around where it’s trading now, pointing to a more sideways, range-bound phase in the short term as traders wait for a clearer move in either direction.
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Source: https://coincodex.com/article/83694/xrp-price-prediction-analyst-warns-xrp-price-will-dip-again/
