TL;DR:
XRP awakens renewed optimism among investors; however, technical analysts warn that there is a possibility of a bull trap. The current structure suggests that the rally could be just noise within a broader macro bearish trend.
Don’t Get Trapped in the Noise! XRP Structure STILL Points Lower!
We’ve seen some bullish candles over the last day… and I can already see people starting to flip bullish ((again)).
But this is exactly where traders get caught!
Price failed to make a new high and… pic.twitter.com/RhtrkTibMz
— CasiTrades
(@CasiTrades) April 6, 2026
The asset completed a 5-wave cycle directly into key resistance, without a new high. With the appearance of bearish divergences and volume that fails to confirm the breakout, the risk of a correction toward the 0.786 Fibonacci level is high.
Entering long positions prematurely could be risky. Current price action appears to be designed to capture liquidity from impatient traders before resuming a downward path.
Despite the positive short-term sentiment, analysis of higher timeframes reveals a clear roadmap toward the downside. The first target is around $1.13, followed by a possible relief bounce that would not change the underlying structure.
Likewise, if selling pressure persists, the price will seek the macro support of $1.08. This level coincides with the 0.786 retracement, an area where institutional interest historically concentrates, but which is still far from current prices.
The XRP market is in a corrective phase where patience is the best strategy. Until a confirmed breakout occurs above resistance that turns into support (flip), the probability of seeing $0.87 remains the base case for analysts.
