XRP has slipped to $1.39 after a four-day slide pushed it below its 50-day moving average for the first time since August. Analyst CasiTrades says the token's next move hinges on $0.98 — a break below it could push any meaningful rally back by months.
XRP traded at $1.39, down 0.44% over the past 24 hours, still searching for direction a day after a sharp drop.
The token fell sharply to $1.31 on Thursday. That extended four straight days of losses from a high of $1.52 on October 5, 2026. The decline pushed XRP below its daily 50-day moving average for the first time since August 19. Broader crypto markets slid late Thursday after Fed minutes showed most officials expected another rate hike before year-end. A rebound would need to clear the 50-day average at $1.43. A further drop, on the other hand, could test the 200-day average at $1.28.
Analyst CasiTrades said the $1.65 level has been rejected several times, with weak signals building for weeks. She said the last push higher is now off the table, with price sitting at the halfway point of its recent drop. Her next targets are $1.26 and then $1.10. Her RSI reading, she said, still looks very bearish — a sign the bottom may not be in yet.
She treats $0.98 as the level that counts. A drop below it would cancel her new-trend view and bring $0.87 into play, which she said could delay a bigger rally by months. Holding $1.26 or $1.10, on the other hand, would strengthen the case that a new uptrend has started.
Sources: Coinpedia Fintech News, U.Today
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