XRP Price Action Remains Within Bearish Wave Structure

XRP's price action has been characterized as noise within a larger bearish plan, according to market experts. Despite remaining relatively unchanged, trading at $1.42 on Wednesday, XRP continues to be rejected without a major catalyst in sight.

Bearish Wave Targets $0.87

Crypto analyst CasiTrades notes that XRP remains positioned within a broader bearish wave structure, having continued to track as a subwave 2 inside a larger wave 5 decline. The downside target of $0.87 is based on this wave structure.