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XRP Price Analysis: Critical $1.65 Level Tests Relief Rally While $0.90 Target Looms

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TLDR:

  • XRP reached first relief target at $1.52 after RSI hit multi-year lows during last week’s selloff 
  • Critical $1.65 resistance zone will determine if XRP continues rally or drops toward $0.90 support 
  • Ripple partners with Aviva Investors to tokenize real-world assets on XRP Ledger throughout 2026 
  • Analysts warn against panic selling as XRP flirts with correction lows and potential bullish setup

 

XRP price action shows signs of relief following last week’s sharp decline that pushed technical indicators to extreme levels.

Market analysts track the $1.65 resistance zone as a critical threshold for the digital asset’s near-term direction. A failure at this level could open the door to targets as low as $0.90.

The current phase presents multiple scenarios for traders watching key support and resistance zones.

Critical Price Levels Define XRP’s Next Move

XRP has entered a Wave 4 relief phase after last Thursday’s massive selloff tested market sentiment. Technical analyst CasiTrades noted the decline pushed RSI to multi-year lows across trading platforms.

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The subsequent bounce has already reached the first Wave 4 target near $1.52. This price point coincides with the 0.382 retracement level and macro 0.65 fibonacci zone.

The market now approaches a decisive juncture at the $1.65 resistance area. This level represents the 0.5 retracement and macro 0.618 fibonacci extension.

The asset’s ability to flip this zone into support will determine the next directional move. Technical patterns suggest two distinct paths forward based on price behavior at current levels.

A rejection at $1.65 could trigger another wave down to lower support zones. CasiTrades outlined potential targets at $1.09 and approximately $0.90 in this scenario.

These levels would mark the completion of a corrective structure from recent highs. The analyst emphasized that RSI has reset enough to allow for such a move.

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However, the relief bounce offers an alternative bullish scenario for market participants. If XRP successfully reclaims $1.65 and holds it as support, buying pressure could increase.

Traders would then wait for confirmation through a back-test of this support level. The analyst cautioned against panic selling given the asset’s proximity to correction lows.

Ripple Partnership Adds Fundamental Support

Ripple announced a collaboration with Aviva Investors to tokenize real-world assets on XRP Ledger. Reece Merrick from Ripple shared the development, marking the first partnership with a European investment management firm.

The initiative will bring traditional fund structures to the blockchain throughout 2026. Aviva Investors cited the ledger’s speed, cost efficiency, and sustainability as key factors.

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The partnership addresses growing institutional interest in blockchain-based asset management solutions. Traditional finance firms continue exploring distributed ledger technology for operational advantages.

XRP Ledger provides the infrastructure necessary for large-scale tokenization projects. European investment managers show increasing willingness to adopt blockchain platforms.

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Asset tokenization represents a expanding sector within the digital asset industry. The collaboration aims to bridge institutional finance with blockchain utility at scale. Real-world assets moving onto public ledgers could drive long-term adoption metrics. This development provides fundamental support independent of short-term price fluctuations.

The announcement comes as XRP navigates technical correction levels on price charts. Fundamental developments often diverge from immediate market sentiment during volatile periods.

Long-term investors may view the partnership as validation of the ledger’s institutional appeal. Technical traders meanwhile focus on price action to determine entry and exit points.

 

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Crypto World

Strategy to Push Preferred Stock to Boost Bitcoin Buys: CEO

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Strategy to Push Preferred Stock to Boost Bitcoin Buys: CEO

Bitcoin treasury company Strategy will further lean on its preferred stock sales to acquire Bitcoin, shifting from its strategy of selling common stock, says CEO Phong Le.

“We will start to transition from equity capital to preferred capital,” Le told Bloomberg’s “The Close” on Wednesday.

Stretch (STRC) is Strategy’s perpetual preferred stock, launched in July, and is aimed at buyers looking for stability by offering an annual dividend of over 11%. 

STRC is the company’s fourth perpetual preferred offering, launched to finance its Bitcoin (BTC) purchases. It’s an alternative to issuing new shares that dilute its stock price.

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Strategy CEO Phong Le appears on Bloomberg’s “The Close” on Wednesday. Source: YouTube

Le admitted that its preferred stock will “take some seasoning” and marketing to pitch traders on the offering, but added that “throughout the course of this year, we expect Stretch to be a big product for us.”

Strategy could restart offerings as STRC hits $100

STRC reclaimed its par value of $100 at the close of trading on Wednesday for the first time since mid-January, which Le said was the “story of the day.”

The stock had dipped below $94 earlier this month as Bitcoin crashed under $60,000, but with it now trading at par — the price Strategy has designated as its minimum — the company could again offer shares to fund more Bitcoin purchases.

Bitcoin has traded mostly flat over the last 24 hours at around $66,800, down from an intraday high of over $68,000.

Buying Bitcoin treasury rivals a “distraction”

Analysts have warned that the crypto treasury space is becoming crowded as companies compete for a small segment of traders, leading to some companies’ crypto holdings being worth more than the companies themselves.

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Related: Saylor’s Strategy buys $90M in Bitcoin as price trades below cost basis

In that case, some analysts said that rival treasury firms could move to acquire underperforming companies to scoop up Bitcoin on the cheap, but Le said Strategy isn’t interested in making such a move.