XRP Price Faces Potential Dip Before Possible Recovery
XRP has been trading sideways for most of 2026, resembling a coiling spring, but the anticipated upward surge may not be imminent. The cryptocurrency’s four-month consolidation has kept its price below a significant resistance level of $1.65. According to crypto analyst CasiTrades, time is running out, as XRP could be headed for a further decline to lower macro support levels before any substantial recovery can begin.
Four Months of Resistance at $1.65
CasiTrades’ analysis is based on XRP’s failure to break above the upper boundary of its consolidation pattern on the 4-hour candlestick chart. As the chart illustrates, XRP has been trading within a range with lower highs for several months, creating a compression pattern. The next decisive move could be crucial for the broader trend.
The $1.65 level is the most critical in this analysis, as it has acted as the ceiling of the current structure since February. Each rejection from this area has weakened the immediate bullish outlook. CasiTrades suggests that the longer XRP fails to reclaim $1.65, the more likely it is to experience a final drop to lower macro supports. The analyst has outlined XRP’s price action since early 2026 within an Elliott Wave triangle structure with sub-impulse waves.
Lower Macro Support Levels for XRP
CasiTrades has specified the downside levels she is watching: $1.10 and $0.87 on Coinbase. The $1.10 area corresponds with the 0.786 Fibonacci retracement at approximately $1.0854, while the $0.87 price target aligns with the 0.854 retracement near $0.8621.
The next confirmed support lies between $1.26 and $1.30. A break below this range could push XRP to its year-to-date low around $1.11, bringing the deeper targets closer. Both price targets are derived from the broader macro downtrend that has shaped XRP’s structure over the past several months.
The projected move would also complete the corrective sub-impulse wave 5, which began in February 2026, as well as the larger corrective wave 2 that started in late 2025. However, this does not necessarily invalidate a bullish structure. In fact, the analyst predicts that a move to macro support could be the final decline before a stronger recovery. The chart indicates a significant rebound from the lower support zone, with XRP potentially pushing back through $1.65 and exceeding $2 if sufficient bullish momentum emerges.
At the time of writing, XRP is trading at $1.32 and is open to either direction. The first sign of a bullish shift would be XRP reclaiming $1.65 and establishing it as support.

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