XRP price keeps sliding, and the chart is starting to tell a more uncomfortable story. Ripple price has now been moving lower for 8 straight days, quietly erasing confidence with every failed bounce. Current XRP price action shows a decline of around 15% from $2.4, yet one analyst believes this move is still unfinished and the real test may lie further below.
XRP price pushed down toward the $2.03 region, a level that stands out clearly on the chart. That area aligns with the macro 0.5 Fibonacci support, which has acted as an important decision zone throughout this correction. Price reaction at this level explains why the market paused briefly instead of continuing straight down.
CasiTrades points out that this touch of macro support was precise rather than random. XRP price respected the level almost perfectly, suggesting that buyers were waiting there. Even so, structure on the chart still shows a broader downtrend marked by lower highs and a descending resistance line pressing price lower over time.
Ripple Price Shows Short-Term Relief While Bigger Structure Stays Weak
Short-term signals on the chart hint at a possible bounce. Bullish divergence has appeared on momentum indicators as XRP price tested support. That technical shift opens the door for a move higher toward the $2.26 region, which aligns with a key retracement level and previous structure.
CasiTrades explains that this potential bounce is best viewed as a subwave move rather than a full reversal. Price remains well below major resistance, and the descending trendline continues to cap upside attempts. Ripple price still needs strength to change the broader narrative.
Attention now shifts to the $2.41 level. According to CasiTrades, XRP price must break above that zone and hold it as support to invalidate the deeper downside scenario. Failure to do so could turn any bounce into a temporary pause before another sharp move lower.
The chart shows how price has repeatedly rejected from this area in the past. A double top near $2.41 would still fit a corrective structure and could signal the start of another impulsive leg down. Ripple price remains vulnerable while trading below this ceiling.
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Ripple Price Could Target $1.65 If Support Fails
The larger picture remains heavy. CasiTrades highlights $1.65 as the macro support that matters most if XRP price breaks below $2.03. That level sits well below current price and represents a deeper structural target based on the wave count shown on the chart.
Subwave movements may look messy along the way, yet the broader structure points to risk remaining skewed to the downside. XRP price behavior around current support will likely determine whether this decline accelerates or stabilizes.
Ripple price now stands at a crossroads. Short-term relief is possible, yet the chart still demands respect. Watching how XRP price reacts near resistance may reveal whether this market is preparing for recovery or simply catching its breath before the next drop.
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