Is XRP Headed for Glory or a Plunge? The Price Drama Unfolds!

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  • XRP price is doing a rather spirited jig around the $1.65 resistance while the once-promising Wave 4 relief seems to be fading faster than a tea party at a temperance meeting.
  • If it fails to cling to the $1.65 ledge, we might just see a descent towards those charmingly perilous key supports hovering around $1.09 and, heavens, possibly the $0.90 realms.
  • Our old friends Ichimoku and MACD are still playing the bearish tune, hinting at a slowing sell pressure but giving no hints of a trend reversal-much like a man waiting for a bus that never arrives.

XRP is currently feeling the weight of the world after last week’s dramatic sell-off. Market participants are now tracking a short-term relief bounce that’s about as reassuring as a rubber lifeboat in a storm.

Crypto analyst CasiTrades, in a moment of great insight, dubbed this move the Wave 4 recovery phase. Naturally, the update made its way onto social media faster than a gossip on a Sunday roast as traders evaluated the dire threats lurking below.

XRP Price Tracks Wave 4 Relief Rally

CasiTrades reported that XRP has embarked on a Wave 4 relief journey following Thursday’s rather heavy decline. The analyst noted that selling has pushed RSI to multi-year lows, which usually signals exhaustion rather than a grand turnaround-a bit like expecting a cat to enjoy a swim.

🚨Wave 4 Relief In Progress After Last Week’s Flush 🚨

Following last Thursday’s massive selloff, the market seems to be grappling with a Wave 4 relief wave. Given the strength of that drop and RSI reaching multi-year lows, it’s likely we’ll need another wave down to find solid ground…

📈In…

– CasiTrades 🔥 (@CasiTrades)

The relief bounce managed to hit the first target near the $1.52 Fibonacci retracement, which is just delightful, considering it also aligns with the macro 0.65 retracement zone. According to the update, XRP may even stretch its legs higher toward the 0.5 retracement and macro 0.618 level near a hopeful $1.65.

CasiTrades has identified $1.65 as the critical juncture. The analyst warns that if it fails to transform this zone into a support system, we might witness yet another wave down. The next downside misadventures could hover around $1.09 and, perhaps, the very dreaded $0.90.

As an added bonus, the analyst mentioned that a dip to those levels could create a bullish divergence on RSI. A setup that could signify strong long-term demand zones if we ever reach them-like waiting for a bus that’s perpetually late.

Daily Trend Remains Bearish

The daily XRP price chart still appears to be stuck in a short-term downtrend. Prices have formed the classic lower highs and lower lows since they were unceremoniously rejected near the lofty heights of $2.40. Recent candles reflect a weak recovery after plunging into the murky waters of the $1.20-$1.25 area.

XRP is currently pirouetting around the $1.36-$1.37 range, a figure that is distressingly far from major resistance zones. The chart structure indicates more distribution than a generous buffet table at a wedding.

Market data suggests a fair amount of indecision. Small candle bodies imply that buyers aren’t exactly bursting with conviction. No bullish engulfing pattern has graced us with its presence either, which is as disappointing as finding out your favorite show has been cancelled.

This behavior hints at a consolidation phase following a rather theatrical capitulation. Traders are now waiting for confirmation from significant levels, much like spectators eyeing a tightrope walker.

Key XRP Price Indicators Signal Caution

Technical indicators continue to favour sellers. XRP finds itself beneath the Ichimoku cloud, which is tantamount to sporting a raincoat in a shower of bearish forecasts. The cloud ahead slopes downward and forms a rather thick layer of resistance overhead-oh, what joy!

Tenkan-sen remains comfortably below Kijun-sen, with prices staying below both lines. These conditions confirm that short-term selling control remains securely in place. The Chikou span sits beneath price and under the cloud, reinforcing that bearish sentiment like a well-trained guard dog.

Key Ichimoku levels stand near $1.37 for Tenkan-sen and around $1.60 for Kijun-sen. The cloud resistance ranges between $1.75 and $2.00-just lovely, isn’t it?

MACD also reflects negative momentum, remaining blissfully below the signal line and under the zero mark. The histogram bars, while still red, have begun to shrink, which shows slowing selling pressure-not quite the trend reversal we’ve all been daydreaming about.

Key Levels Shape the Next Move

Support and resistance levels now define XRP’s outlook. Immediate support rests between $1.20 and $1.25, a zone that has recently witnessed considerable capitulation.

If the price closes below $1.20, the next support appears tantalizingly near $1.10. A deeper dive could test the $1.00 mark-what a splendid rollercoaster ride!

Resistance stands at $1.50 to $1.60, where Kijun-sen and previous consolidations unite in an unholy alliance. Further resistance lurks near $1.75 to $1.80 at the lower cloud boundary, with a major barrier existing at $2.00, to boot!

CasiTrades has opined that markets remain close to correction lows and has urged traders to keep their wits about them. The update emphasizes that panic selling is about as useful as a chocolate teapot at this stage.

If XRP manages to reclaim $1.65 and holds it as support, traders will be anxiously watching for a back-test. That could confirm strength. Until then, the structure favors caution, which is rather like tiptoeing through a minefield.

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2026-02-11 16:07