XRP Still Bearish Despite Short-term Bounce, Analyst Warns
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Analyst CasiTrades warns XRP is in a short-term downtrend after failing to hold rebounds around $1.35–$1.40 (recent struggle near $1.50) and projects a sharp Wave 3 drop toward ~$1.09, citing a key Fibonacci resistance level. Whale accumulation has risen sharply, signaling concentrated positioning despite broader market weakness; traders should watch momentum, liquidity and potential market impact (crypto, XRP, whale accumulation, Fibonacci, momentum).
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- 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!”
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