XRP is facing renewed downside pressure as technical analysis points to a continued bearish structure with a potential price target of $0.87. According to analyst CasiTrades, XRP is currently forming a subwave 2 correction inside a larger wave 5 decline, indicating that any ongoing upward movement is likely temporary rather than a confirmed reversal. The analyst emphasizes that this structure remains valid as long as the price holds above $1.36 without printing a new low.
Recent price action shows XRP forming an A-B-C corrective pattern. The A wave pushed the price toward $1.46, while the B wave retraced deeper than expected to around $1.38. The projected C wave is now targeting the $1.485 region, aligning with the 0.5 Fibonacci level. This adjustment, instead of the traditional 0.618 level near $1.51, suggests weakening bullish momentum as buyers appear less aggressive near resistance.
As of March 25, 2026, XRP is trading around $1.43, still deep in a correction that has erased the majority of its bull market gains. The asset is trapped inside a descending channel and faces consistent rejection near a descending trendline that has capped previous rallies. Both the 100-day (~$1.60) and 200-day (~$2.10) moving averages are trending downward and remain well above the current price, creating a stack of overhead resistance.
The picture against Bitcoin is arguably worse. XRP/BTC has slipped to 1,994 sats, testing below the key 2,000 sats support level. This breach suggests XRP is continuing to lose ground relative to Bitcoin, with the broader descending channel structure on the pair remaining intact since the July 2025 peak near 3,000 sats.
According to the analysis, unless XRP breaks above the critical $1.65 level, the dominant scenario remains a path toward lower support zones at $1.09 and the more critical $0.87 level. The invalidation level for the bearish wave structure is clearly defined at a sustained move above $1.65, which would suggest a shift in market direction.
