XRP has shown bullish candles over the past 24 hours, but recent price action does not indicate a confirmed uptrend. Crypto analyst CasiTrades (@CasiTrades) stated that the current movement is part of a larger pattern, with resistance holding strong and the structure pointing lower.
She noted that XRP failed to form a new high, and a five-wave pattern concluded near resistance. This confirms exhaustion rather than strength, suggesting that temporary gains are noise within the existing trend.
🚨 Don’t Get Trapped in the Noise! XRP Structure STILL Points Lower! 🚨
We’ve seen some bullish candles over the last day… and I can already see people starting to flip bullish ((again)). 👀But this is exactly where traders get caught!
Price failed to make a new high and… pic.twitter.com/RhtrkTibMz
— CasiTrades 🔥 (@CasiTrades) April 6, 2026
Wave Structure and Downward Targets
The chart presents multiple degrees of alignment, signaling a downward trajectory. CasiTrades outlines the expected sequence of XRP’s price movement. The first wave targets approximately $1.13, followed by minor relief before continuation toward $1.08.
Notably, this level coincides with the macro 0.786 Fibonacci support, providing a significant area for potential buying. A short period of consolidation or relief may occur before a final break to $0.87, which corresponds to the macro 0.854 support level.
Key Support and Resistance Levels
Current resistance and support levels remain critical for traders. CasiTrades emphasizes discipline in trading decisions. She advised traders to buy at key supports below 0.786 and 0.854, or wait for a confirmed breakout above the 0.618 resistance, which could then flip to support. Price action within the intermediate levels is less significant and primarily serves to shake out weaker positions.
Technical Indicators Reinforce Downside Risk
Analyzing the chart reveals multiple wave structures. Minor waves within the larger pattern have already formed and align with Elliott Wave theory projections. Each wave suggests a series of peaks and retracements that fit the downward trajectory outlined by CasiTrades. She also highlighted a bearish divergence as a sign of XRP’s bullish exhaustion.
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Technical indicators also support the downward outlook. The Relative Strength Index (RSI) demonstrates that recent upward momentum has already reached an exhaustion point. The index has moved toward overbought levels, signaling that the temporary bullish candles do not yet indicate a reversal.
Focus on Confirmed Levels
CasiTrades has previously predicted a bearish short-term move for XRP, and her analysis emphasizes that the market remains confined between well-defined support and resistance zones. The first target at $1.13 is a short-term milestone, with $1.08 offering macro support.
The final downward target of $0.87 represents a key structural support that may influence medium-term price stabilization. The chart suggests that any movements outside these levels will likely provide clearer confirmation of trend direction.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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