XRP Price Update: Eyes on $1.65, but a Drop to $0.90 Remains Possible

• XRP price tests $1.65 resistance as Wave 4 relief fades and bearish daily structure keeps control of price action.
• Failure to hold above $1.65 could trigger a final decline toward key supports near $1.09 and $0.90 zones.
• Ichimoku and MACD remain bearish, showing slowing sell pressure but no confirmed trend reversal yet.

XRP continues to trade under pressure after last week’s sharp sell-off. Market participants now track a short-term relief bounce.

Crypto analyst CasiTrades described the move as a Wave 4 recovery phase. The update appeared on social media as traders assessed downside risks. Price action shows caution across exchanges.

XRP Price Tracks Wave 4 Relief Rally

CasiTrades reported that XRP entered a Wave 4 relief move after Thursday’s heavy decline. The analyst noted that selling pushed RSI to multi-year lows. That condition often signals exhaustion, not a trend reversal.

🚨Wave 4 Relief In Progress After Last Week’s Flush 🚨

After last Thursday’s massive selloff, the market has been moving through a Wave 4 relief wave. Given the strength of that drop with RSI hitting multi-year lows it’s likely we’ll need another wave down to supports…

📈In… pic.twitter.com/On6g7HK0bp

— CasiTrades 🔥 (@CasiTrades) February 10, 2026

The relief bounce reached the first target near the 0.382 Fibonacci retracement at $1.52. This level also aligns with the macro 0.65 retracement zone. According to the update, XRP may extend higher toward the 0.5 retracement and macro 0.618 level near $1.65.

CasiTrades described $1.65 as a critical level. The analyst said failure to turn this zone into support could trigger another wave down. The next downside targets stand near $1.09 and possibly $0.90.

The analyst added that a decline to those levels could form bullish divergence on RSI. Such a setup would mark strong long-term demand zones if reached.

Daily Trend Remains Bearish

The daily XRP price chart still shows a short-term downtrend. Price has formed lower highs and lower lows since rejection near $2.40. Recent candles reflect weak recovery after a fall into the $1.20–$1.25 area.

XRP trades around the $1.36–$1.37 range. This price remains well below major resistance zones. Chart structure signals distribution rather than reversal.

Market data shows indecision. Small candle bodies suggest limited conviction from buyers. No bullish engulfing pattern has appeared.

This behavior points to consolidation after capitulation. Traders now wait for confirmation from key levels.

XRP price chart still shows a short-term downtrend, Source: TradingView

Key XRP Price Indicators Signal Caution

Technical indicators continue to favor sellers. XRP trades below the Ichimoku cloud, which signals a bearish environment. The cloud ahead slopes downward and forms thick resistance overhead.

Tenkan-sen remains below Kijun-sen. Price also stays below both lines. These conditions confirm short-term selling control. The Chikou span sits beneath price and under the cloud, reinforcing bearish confirmation.

Key Ichimoku levels stand near $1.37 for Tenkan-sen and around $1.60 for Kijun-sen. Cloud resistance ranges between $1.75 and $2.00.

MACD also reflects negative momentum. The MACD line stays below the signal line and under the zero mark. Histogram bars remain red but have started to shrink. This shift shows slowing selling pressure, not trend reversal.

Key Levels Shape the Next Move

Support and resistance levels now define XRP’s outlook. Immediate support rests between $1.20 and $1.25. This zone marked the recent capitulation wick low.

If price closes below $1.20, the next support appears near $1.10. A deeper move could test the $1.00 area.

Resistance stands at $1.50 to $1.60, where Kijun-sen and prior consolidation meet. Further resistance waits near $1.75 to $1.80 at the lower cloud boundary. A major barrier also exists at $2.00.

CasiTrades said markets remain near correction lows. The analyst urged traders to stay calculated in their decisions. The update stressed that panic selling remains unnecessary at this stage.

If XRP reclaims $1.65 and holds it as support, traders would watch for a back-test. That move could confirm strength. Until then, the structure favors caution.