XRP is facing fresh downside pressure as two crypto analysts warn that the token’s current price structure remains weak. Recent chart readings show XRP struggling to hold key support near $1.30, with one bearish scenario pointing to a deeper correction before any broader recovery attempt. The latest analysis comes as XRP continues to trade below major moving averages and remains far below its 2025 peak.
XRP moved into a more fragile setup after falling below the $1.31 support level, according to chart analysis shared by CasiTrades on April 2. The analyst said that the break marked a shift in momentum and increased the risk of further downside in the near term.
The chart structure shows XRP slipping out of a tightening range, while descending trendlines and bearish wave formations continue to point lower. Fibonacci projections place the next downside area between $1.05 and $1.09. That range lines up with the macro 0.786 retracement and the projected completion of a third sub-wave in the current bearish move.
The outlook suggests XRP could later fall toward $0.87. That level sits near the 0.854 retracement and matches a demand zone that has previously acted as support. At the same time, the relative strength index remains below mid-range levels, which adds to the view that bullish momentum is still missing.
A separate weekly analysis from crypto analyst Hov also points to a weak structure. According to the Elliott Wave count shared on X, XRP’s move from its recent swing low does not show the kind of impulsive strength that usually supports a full reversal.
Instead, the price action is forming a series of three-wave moves. In Elliott Wave theory, that kind of structure is usually corrective. It means the dominant trend may still be lower, rather than shifting into a fresh bullish phase. The expected fifth wave from the lows has not yet appeared, leaving the door open to more selling pressure.
Hov said, “That doesn’t mean we can’t recover it just means we gotta do it quickly because we are just barely holding our key level on HTF.”
The analyst also said XRP needs to reclaim the $1.50 area and secure a higher-timeframe close above it to improve the bullish case. A sustained move above that zone could put $1.80 back in focus.
XRP has traded in a narrow band between $1.30 and $1.35 in recent sessions, making that zone an important short-term pivot. If the token loses this area on a higher-timeframe basis, the next support could come near $1.15, which aligns with the 0.5 Fibonacci retracement level.
A temporary rebound could still happen before any final leg lower. In the bearish wave setup, a fourth-wave correction may push XRP toward $1.27. Still, that move would likely remain a short-lived recovery unless buyers regain stronger control above resistance.
At press time, XRP was trading at $1.32, down about 0.25% over the last 24 hours and nearly 1.7% on the week. The token is also down nearly 25% since the start of 2026. It remains below its 50-day simple moving average of $1.42 and its 200-day simple moving average of $2.06. The 14-day RSI stands at 39.25, which keeps XRP in neutral territory but closer to oversold conditions.
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