Recent XRP price action shows a market that looks steady on the surface but still carries underlying pressure. XRP currently trades around $1.43, up about +0.70% over the past 24 hours and roughly +2.33% across 30 days, yet it remains down about 3.97% over the past week.

That mixed performance places Ripple price right in the middle of a broader range between $1.35 and $1.54, with price still sitting below the recent local high near $1.54.

This type of movement often signals consolidation after a decline rather than a confirmed recovery. A stronger bullish signal would require XRP price to break above $1.54 and hold that level consistently. Until that happens, the structure still leans uncertain.

Analysis shared by analyst Casi, whose view was highlighted by TheCryptoBasic, believes XRP may not have completed its corrective phase yet.

Casi explains that XRP price is currently moving within an ABC corrective structure that forms part of a larger Wave 2 pattern. This framework comes from Elliott Wave theory, which tracks market cycles through repeated wave patterns. His interpretation shows that XRP is still within the final leg of this correction, known as the C wave.

The implication is clear. Price may still need to move lower before any meaningful recovery can begin.

The attached chart used by Casi outlines a broader decline that started during the market turbulence in Q4 2025. XRP has already lost close to 50% from its earlier highs within that period, and the current range does not yet confirm a reversal.

The wave structure suggests that the ongoing C wave could push XRP price into a lower demand zone between $0.87 and $1.09. That range represents a deeper correction level where buyers may eventually step in again.

This outlook aligns with the idea that the current price action is more of a pause than a recovery. XRP continues to trade below key resistance, and the inability to reclaim $1.54 keeps the broader trend under pressure.

A closer look at recent XRP price behavior supports the analyst’s caution. Price has remained relatively stable within its range, yet it has not shown strong follow-through after small upward moves.

That pattern usually indicates that buyers are not fully in control yet. Markets often behave this way before another move lower, especially when the previous trend has been bearish.

Historical price cycles in crypto show similar setups. Assets often form temporary ranges during corrections before completing their downside move. XRP appears to be following that type of structure for now.

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Two possible scenarios stand out from the current setup. A breakdown below the $1.35 support region could open the path toward the $1.09 to $0.87 range described by Casi. That move would complete the corrective wave and potentially reset the market structure.

A different outcome would require XRP price to push above $1.54 and hold that level. Such a move would weaken the bearish wave count and increase the chances of a broader recovery.

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The post Why XRP Price Risks Further Decline Despite Recovery Signs appeared first on CaptainAltcoin.

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