- XRP faces downside risk as analysts warn of a possible sharp Wave 3 drop toward $1.09.
- Weak rebounds below $1.40 show fading momentum, keeping XRP locked in a clear short-term downtrend.
- Whale accumulation rises sharply, hinting at quiet positioning despite broader market weakness.
XRP is under pressure, and traders should stay alert. Analyst CasiTrades warned on X that “The Bounce Is Over on XRP. Now Watching for W3 Down.” The caution comes after a brief rally pushed XRP close to $1.40, where it hit a key Fibonacci level, only to stall. The overall downtrend remains in place, signaling more potential losses.
Over the past week, XRP has struggled to stay near $1.50. Attempts to rebound have repeatedly failed between $1.35 and $1.40. “The REAL move hasn’t happened yet! I’m still expecting a W3 down toward ~$1.09, and this should accelerate fast!”
This shows buyers are losing momentum, while sellers continue to control the short-term price moves.
Technical Structure Points Lower
XRP’s price is trending downward. The first drops are done, but the small rebounds are losing strength. These upward moves aren’t reaching previous highs, signaling the market is running out of momentum.
XRP currently trades in the mid-$1.30s, just above key support at $1.08. If it breaks this level, the price could fall further toward $0.85–$0.90, an area that has historically held strong demand. According to CoinMarketCap data, XRP was trading at $1.32, down 2.53% in the last 24 hours.
Momentum indicators are still slightly bearish, even after small gains. Short-term strength isn’t enough to change the overall trend.
As CasiTrades warned, “Don’t Get Trapped in the Noise! XRP Structure STILL Points Lower! Without a new high, nothing has changed.”
Minor relief rallies may appear, but the outlook remains tilted toward more downside pressure.
Whale Accumulation Raises Questions
XRP whales are purchasing heavily despite the hesitance of retail investors. According to the data provided by CryptoQuant, the 30-day Whale Flow indicator is currently turning positive, indicating that whales have shifted their sentiment from selling to accumulation.
The large wallets are accumulating more than 11 million XRP daily at present, the highest figure seen during the last ten months. Such activity occurs alongside a major announcement related to the XRP Ledger in Japan.
Related: XRP Price Prediction: XRP Hits Wedge Apex As Bulls Eye $1.35 Breakout Trigger
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
