XRP Remains Rangebound Below $1.65 as Consolidation Tightens

XRP is trading in an increasingly compressed range below $1.65 on the four-hour chart, with $1.70 on the upside and the $1.27-$1.10 zone emerging as the key support area, according to a new technical analysis from CasiTrades.

The analysis, presented in a newly published XRP chart, argues that the token is running out of room within a tightening four-hour structure, with price still capped beneath the $1.64-$1.65 resistance band. The setup leaves two distinct paths open: another push toward $1.70, or a deeper retracement should buyers fail to overcome the ceiling. Tightening ranges like this one are a staple of technical trading: as converging trendlines squeeze price action, each successive swing is treated as more informative, because the eventual break from the pattern is what chartists read as the start of the next directional phase.

Price Action on the Coinbase Chart

The Coinbase XRP/USD chart, dated Oct. 6, places XRP around $1.50. Over the past several sessions, price has been forming a smaller triangle after its latest attempt to break the broader resistance zone. CasiTrades expects the compression to resolve soon as the converging trendlines draw closer together.

XRP Stays Below the $1.65 Barrier

The principal obstacle sits between roughly $1.6363 and $1.6432, where a Fibonacci resistance level overlaps a broader horizontal ceiling — a convergence that tends to draw extra attention from traders, since Fibonacci levels, derived from fixed ratios of a prior price swing, are among the most widely tracked references in chart analysis. Just beneath it, $1.5315 marks another level XRP needs to reclaim before mounting a cleaner run at the upper zone.

The chart shows XRP previously reached the $1.65-$1.70 area before pulling back into the current consolidation. If the smaller wave structure still has one leg left to complete, a final advance could carry price toward $1.6568-$1.7052. From $1.5090, a move to $1.70 would require a gain of roughly 12.7%.

However, the wave count does not require another high. XRP could equally fail within the current structure and move directly into the larger correction mapped on the chart. That flexibility is typical of wave-based analysis: counts function as scenario frameworks for organizing possible paths rather than assertions of a single outcome, which is why the chart leaves room for both a final high and an immediate rollover.

RSI Compresses Alongside Price

Momentum reflects the same indecision. The chart places the relative strength index (RSI) near 52.89, with its accompanying average around 52.45. RSI is a 0-to-100 momentum oscillator whose conventional thresholds flag readings above 70 as overbought and below 30 as oversold, so a mid-range print of this kind is generally read as balance rather than exhaustion. Both readings sit close to the middle of the range, while RSI itself is tightening between descending and rising trendlines, making the next price rally particularly significant.

Should XRP reach the $1.65-$1.70 region while RSI fails to exceed its previous high, the setup would produce another bearish divergence, supporting the view that the current advance is losing momentum. Conversely, a stronger price breakout accompanied by RSI breaking its own resistance would tell a different story.

$1.27 and $1.10 Come Into Focus if XRP Rolls Over

If the current wave completes and a larger retracement begins, the chart identifies the $1.26-$1.24 region as the first major support area, which CasiTrades rounds to approximately $1.27. Below it lies another major retracement zone around $1.10.

Measured from $1.5090, a decline to $1.27 would equate to roughly 16%, while a move to $1.10 would represent about 27% downside. Zones like these are the practical payoff of chart work: they give traders pre-mapped reference points at which a pullback would either be expected to find footing or confirm deeper weakness, depending on how price behaves on arrival. The deeper $0.90 region is treated differently: a return there would challenge the developing higher-low structure and force the current wave count to be reconsidered.

A bullish alternative also exists. A forceful move through $1.65 and toward $1.80 would give XRP room to retest the former ceiling from above, and holding $1.65 as support after such a move would materially change the four-hour structure.

For now, XRP sits between a tightening short-term triangle and larger overhead resistance, with the next break likely to determine whether the token tests $1.70 again or begins a deeper retracement.