XRP Faces Potential Breakdown to $0.87 as Bearish Signals Mount

Technical analysis points to a slow but steady decline in XRP, with the $0.87 macro support level emerging as a key target.

Apr. 1, 2026 at 2:36am

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XRP is caught in a bearish downtrend, with technical analysis indicating a potential breakdown to the $0.87 macro support level. Despite occasional relief rallies, the token's price structure suggests sellers remain firmly in control, and a deeper move lower is increasingly likely. The analyst tracking the XRP trajectory has identified a developing Elliott Wave 3 move to the downside, with the $1.09 and $0.87 levels as key targets.

Why it matters

XRP's price action exists in a broader context that makes this potential breakdown significant. The token surged late last year after a partial legal victory against the SEC, fueling speculation of institutional adoption. However, the broader crypto market cooldown and investor skepticism toward XRP's utility narrative appear to be weighing on the token's performance.

The details

According to the analysis, every attempted XRP bounce has been smothered near the .382 Fibonacci retracement level, a classic technical signal that buying conviction is lacking. The analyst described the descent as slow and grinding, which can often prove more damaging over time as it erodes support levels gradually and traps late buyers. The $1.31 zone is identified as a critical resistance barrier, and a failure to reclaim and hold above it could confirm the bearish Elliott Wave 3 thesis, potentially triggering a cascade of liquidations in leveraged positions.

  • XRP surged to multi-year highs late last year after Ripple's partial legal victory against the SEC.
  • The broader crypto market has cooled considerably from its peak enthusiasm since then.

The players

CasiTrades

A crypto analyst who has been mapping the current XRP trajectory and identifying the bearish technical setup.

Judge Analisa Torres

The judge who ruled that programmatic sales of XRP on public exchanges did not constitute securities transactions, a decision that fueled the token's surge late last year.

Ripple

The company behind XRP, which has made significant strides in cross-border payments and has partnerships with financial institutions across dozens of countries.

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What they’re saying

“Every attempted bounce over recent sessions has been smothered near the .382 Fibonacci retracement level — a classic technical signal that buying conviction simply isn't there.”

— CasiTrades, Crypto Analyst

“When relief rallies can't even reclaim a standard retracement threshold, it tells you the market's underlying mechanics are still dominated by distribution.”

— CasiTrades, Crypto Analyst

What’s next

If XRP fails to reclaim and hold above the $1.31 resistance level convincingly, the path of least resistance remains lower. A break below $1.09 would confirm the bearish Elliott Wave 3 thesis and likely trigger a cascade of liquidations in leveraged positions, accelerating the move toward the $0.87 macro support zone.

The takeaway

XRP's current weakness reflects a broader altcoin deleveraging and investor skepticism toward the token's utility narrative, even as Ripple continues to make progress in cross-border payments. The token's price action will be closely watched, as a breakdown below key support levels could have significant implications for XRP holders.