XRP Trades Below $1.26 as Casi Trades Maps Lower Price Targets

XRP (XRP) traded near $1.24 after spending several days below $1.26, a Fibonacci level it has struggled to reclaim, while analyst Casi Trades flagged additional downside if the break persists.

Her chart marks $1.10 as a potential downside target, with a 0.786 Fibonacci retracement near $1.0937 and an extension level around $1.1259. It also identifies about $0.90 as a lower area to watch, with the 0.854 retracement near $0.8705.

Casi Trades warned the move lower could develop quickly once selling starts and pointed traders to momentum indicators near the lower Fibonacci levels. Her chart also sketches XRP recovering above $1.75 after the drop, while keeping $1.26 as the immediate hurdle.

XRP was trading around $1.24, down 4% over seven days and 17% in the past month. The chart's relative strength index was near 51, a relatively neutral reading that was not extremely oversold.