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Breaking News: Bitcoin Price Nearing Bottom? Key Indicators Suggest End Of Downturn–Bloomberg

Why The XRP Price Might Crash To $0.87 Before The Bear Market Ends

Scott Matherson
Scott Matherson
Last Updated: March 14, 2026 9:30 pm
3 mins read
XRP

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The XRP price has been trending downward for several months now, falling from a yearly high above $3 in 2025 to under $1.4 at the time of writing. With the crypto market facing strong bearish headwinds, XRP’s next move remains uncertain. While some hope for a recovery, others project further downside. For her bearish forecast, crypto analyst CasiTrades suggests that XRP’s consolidation phase may not be over. She projects that the cryptocurrency could still crash further to $0.87 before the current bear market ends. 

XRP Price Faces $0.87 Crash

CasiTrades has presented a fresh technical update on XRP’s price action, outlining a short-term bearish scenario which could see the cryptocurrency decline significantly to $0.87 before any meaningful recovery begins. Posting on X, she notes that XRP has now spent 34 days inside Wave 4 of an Elliott Wave structure. During this period, price movement has been unusually slow, and overall volatility across the pair has dropped considerably.

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According to the chart, XRP is currently trading around $1.39 and remains trapped within a corrective structure that has been moving sideways since early February. CasiTrades noted that this pattern was typical of Wave 4 behavior, often accompanied by a prolonged, muted consolidation that slowly exhausts market participants and frustrates both bulls and bears.

XRP
Source: Chart from CasiTrades on X

CasiTrades has highlighted two key price levels that will likely determine XRP’s next move. The first is the $0.87 level, which aligns with the 0.854 Fibonacci retracement shown on the chart. If XRP crashes to this level, the analyst expects it to act as a strong support area where the cryptocurrency’s ongoing correction could complete, and a recovery could begin. 

The second level is the resistance around $1.65, which closely corresponds to the 0.618 Fibonacci extension. CasiTrades suggests that if XRP moves higher and breaks above this level, then holds it as support, it would invalidate the cryptocurrency’s bearish outlook and signal a potential shift back to bullish momentum. 

XRP Recovery Expected After Wave 4 Bottom

If XRP follows the bearish scenario, CasiTrades chart suggests that once Wave 4 completes near the $0.87 support zone, the market could transition into Wave 5, a projected strong recovery phase. The green line on the chart illustrates this expected rebound, pointing significantly higher after XRP’s corrective phase ends.

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First Bullish Wick Appears On XRP Weekly Chart, And This Analyst Says It Will Send Price To $21.5

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Following the projected trajectory of the green line, XRP is expected to rebound sharply from $0.87 and move toward the next intermediate zone near the 0.786 Fibonacci Retracement around $1.085. From there, the price is projected to revisit its previous resistance area near $1.65, before potentially climbing to a second resistance level around $1.78. If the cryptocurrency breaks above this level with bullish momentum, the chart suggests a further surge that could propel XRP beyond $1.9.

XRP
XRP trading at $1.39 on the 1D chart | Source: XRPUSDT on Tradingview.com
Featured image from Freepik, chart from Tradingview.com
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Scott Matherson
Scott Matherson

Scott Matherson

Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers.

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Scott’s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott’s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life.

With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others.

Scott’s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott’s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry.

Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors.
In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else.

Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies.

Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

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