XRP remains trapped in a prolonged consolidation pattern, with analysts warning that continued failure to break above a key resistance level could trigger another leg lower before any meaningful recovery begins.

According to crypto analyst CasiTrades, XRP has spent the past four months trading within a tightening range, creating what appears to be a compression pattern that could soon lead to a decisive move.

$1.65 Remains the Key Battleground

The most important level for XRP is currently $1.65, which has acted as a major resistance zone since February 2026.

Repeated attempts to break above this level have failed, resulting in a series of lower highs and weakening bullish momentum. Analysts believe that the longer XRP remains below $1.65, the greater the probability of a final move toward lower support levels before a larger trend reversal can occur.

The current price structure is being interpreted as part of a broader corrective phase within an Elliott Wave pattern that has dominated XRP's price action throughout 2026.

Analysts Identify Major Downside Targets

Should selling pressure intensify, analysts are watching several important support levels.

The first major support zone lies between $1.26 and $1.30. A sustained break below this range could expose XRP to deeper declines.

Key downside targets include:

• $1.10 — near the 0.786 Fibonacci retracement level.
• $0.87 — near the 0.854 Fibonacci retracement level.

These areas are viewed as potential macro support zones where buyers could re-enter the market and stabilize prices.

Corrective Phase May Be Nearing Completion

Despite the bearish short-term outlook, analysts do not believe XRP's longer-term bullish structure has been completely invalidated.

The projected decline toward lower support levels is viewed as a possible final corrective move that could complete the current wave structure before a stronger recovery develops.

Under this scenario, XRP would establish a major bottom in the $0.87–$1.10 region before attempting another advance toward resistance.

Bullish Confirmation Still Requires Break Above $1.65

For bullish momentum to return, XRP must first reclaim $1.65 and successfully convert it into support.

A confirmed breakout above that level could signal the end of the current consolidation phase and open the door for a move back above $2.00, a level many traders view as the next major upside target.

At the time of analysis, XRP was trading around $1.32, leaving the cryptocurrency positioned between key support and resistance levels as investors await the next significant move.

Key Levels to Watch

With XRP continuing to trade in a narrowing range, market participants are closely monitoring whether the cryptocurrency can finally overcome resistance or if a deeper correction emerges before the next major rally begins.