XRP Price Prediction: Analyst Targets $0.87 as Bearish Structure Takes Hold

XRP just broke a key support level at $1.31, and it looks like the selling pressure isn’t done yet. That floor held for weeks, but once it gave way, the decline picked up pace, grabbing the attention of traders who track these technical levels closely.

CasiTrades, a respected chartist on X, has mapped out a clear path for XRP, and the outlook points lower. She sees this breakdown as the start of a multi-leg move. 

The next area to watch for XRP is somewhere around $1.05 to $1.09. That’s where the 0.786 Fibonacci retracement sits, and it lines up pretty cleanly with what the chart is showing. In Elliott Wave terms, this would be Wave 3 playing out, which is typically the fastest and most aggressive leg of the whole move. 

Short-term bounce and the big target: $0.87

CasiTrades is expecting a Wave 4 correction after the initial drop, basically a brief pause or relief bounce before the trend continues. These kinds of bounces have a way of feeling more significant than they actually are, and they have a habit of pulling buyers in right before the selling resumes.

If that bounce does materialize, the area just above $1.10 is where it could run into some resistance. Traders watching the Wave 4 play out might use that window to reassess their positions or simply get ready for the next leg down. It’s a brief breather, not a reversal.

After the relief bounce, XRP is expected to resume its move down toward $0.87. This level lines up with the macro .854 Fibonacci retracement and has been a major support zone in past cycles. Reaching this area would complete the larger corrective wave and could set the stage for a stronger recovery afterward.

From $1.31 down to $0.87, XRP could drop roughly 34%. That’s a meaningful move, but it matches the Elliott Wave structure CasiTrades has laid out, which combines both larger ABC corrections and smaller nested 5-wave patterns.

Technical signals to watch for XRP

Volume has been climbing as XRP moves lower, showing that sellers are actively driving this leg. RSI indicators on shorter timeframes are approaching oversold territory, though they haven’t fully bottomed yet. This leaves room for more downside. The rising RSI lows against falling price suggest bearish divergence, which often signals another leg down before a major reversal.

The $0.87 zone is really the level everyone should have circled on their charts. If XRP actually gets down there, it could mark the end of this whole drawn-out correction. A clean touch of that level could set up a really compelling entry point for anyone positioning ahead of a potential recovery back toward $1.60.

The XRP price is in a critical phase. Breaking below $1.31 confirms sellers are in control, with the next leg targeting $1.05–$1.09. A brief relief bounce may provide a short pause, but the ultimate focus remains on $0.87. 

Reaching that level could wrap up the correction and open the door for a potential rebound in the months ahead. CoinCodex’s 1-month XRP price prediction puts the token near $1.30. That’s a slight rise from the current $1.28 level, assuming selling pressure eases and XRP tests the short-term resistance around $1.31.