XRP is compressing below $1.65 on the four-hour chart, with $1.70 upside and $1.27-$1.10 support levels coming into focus
Casi trades in his new XRP chart says XRP is running out of room inside a tightening four-hour structure, with price still trapped below the $1.64-$1.65 resistance area
The latest setup leaves two very different paths open: another push toward $1.70, or a deeper retracement if buyers fail to break the ceiling
The Coinbase XRP/USD chart, dated Oct. 6, places XRP around $1.50. Price has spent the past several sessions forming a smaller triangle after its latest attempt to break the broader resistance zone
CasiTrades expects that compression to resolve soon as the trendlines move closer together
The main obstacle sits between roughly $1.6363 and $1.6432, where a Fibonacci resistance level overlaps a broader horizontal ceiling
Just beneath it, $1.5315 is another nearby level XRP needs to reclaim before making a cleaner run at the upper zone
The chart shows XRP previously reaching the $1.65-$1.70 area before pulling back into the current consolidation. If the smaller wave structure still has another leg to complete, one final advance could take price toward $1.6568-$1.7052
From $1.5090, a move to $1.70 would require an increase of about 12.7%
However, another high is not required by the wave count. XRP could also fail from the current structure and move directly into the larger correction mapped on the chart
Momentum is showing almost the same indecision
The chart places RSI near 52.89, with its accompanying average around 52.45. Both sit close to the middle of the range, while RSI itself is tightening between descending and rising trendlines
That makes the next price rally particularly important
If XRP reaches the $1.65-$1.70 region while RSI fails to exceed its previous high, the setup would produce another bearish divergence. That would support the idea that the current advance is losing momentum
A stronger price breakout accompanied by RSI breaking its own resistance would tell a different story
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. CasiTrades rounds that zone to roughly $1.27
Below it, another major retracement area sits around $1.10
A decline to $1.27 from $1.5090 would equal roughly 16%, while a move to $1.10 would represent about 27% downside
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
There is also a bullish alternative. A forceful move through $1.65 and toward $1.80 would give XRP room to retest the former ceiling from above. Holding $1.65 as support after such a move would materially change the four-hour structure
XRP currently sits between a tightening short-term triangle and the larger resistance overhead, and the next break will likely decide whether it tests $1.70 again or starts a deeper retracement
