TL;DR:
- Critical Zones: Price faces solid resistance after a 5-wave impulse, with macro supports identified at $1.08 and $0.87.
- Technical Signals: A bearish divergence is observed, suggesting buyer exhaustion and a possible correction toward the $1.13 zone.
- Market Outlook: Analysts like CasiTrades warn that the bearish structure remains intact as long as a new high is not confirmed.
XRP awakens renewed optimism among investors; however, technical analysts warn that there is a possibility of a bull trap. The current structure suggests that the rally could be just noise within a broader macro bearish trend.
šØ Donāt Get Trapped in the Noise! XRP Structure STILL Points Lower! šØ
Weāve seen some bullish candles over the last dayā¦ and I can already see people starting to flip bullish ((again)). šBut this is exactly where traders get caught!
Price failed to make a new high andā¦ pic.twitter.com/RhtrkTibMz
— CasiTrades š„ (@CasiTrades) April 6, 2026
The asset completed a 5-wave cycle directly into key resistance, without a new high. With the appearance of bearish divergences and volume that fails to confirm the breakout, the risk of a correction toward the 0.786 Fibonacci level is high.
Entering long positions prematurely could be risky. Current price action appears to be designed to capture liquidity from impatient traders before resuming a downward path.
Support levels and the bearish roadmap
Despite the positive short-term sentiment, analysis of higher timeframes reveals a clear roadmap toward the downside. The first target is around $1.13, followed by a possible relief bounce that would not change the underlying structure.
Likewise, if selling pressure persists, the price will seek the macro support of $1.08. This level coincides with the 0.786 retracement, an area where institutional interest historically concentrates, but which is still far from current prices.
The XRP market is in a corrective phase where patience is the best strategy. Until a confirmed breakout occurs above resistance that turns into support (flip), the probability of seeing $0.87 remains the base case for analysts.
