XRP’s price trajectory has shifted into a bearish phase, with analysts warning of additional declines. A prominent analyst, CasiTrades, suggested that XRP could plunge below $1 while the price is forming a bottom. He cited renewed selling pressure and breached swing lows, signaling waning momentum and pointing to downside targets at $1.11 and $0.87.
Market participants have been advised not to buy while XRP trades under $1.40, as the chart suggests the market could head lower. Traders should wait for a move to a lower support or a breakout above the notable $1.65 resistance to shift the setup.
BTC briefly fell to around $64,000 earlier this week and then recovered toward $70,000, while XRP traded around $1.40. Another analyst, Tara, cautions that XRP has not yet bottomed, arguing that a confirmed bottom would require a decisive move above $1.88 after breaching the $1.47 level. She also notes that surpassing $1.47 would be a good first step, and a sustained breakout above $1.65 would be needed to reverse the downtrend. As of 3:00 PM, XRP was down 2.85% on the day, trading at $1.40.
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