XRP has fallen to $1.14, landing within one cent of a price target an analyst had been projecting for months when XRP was trading near $1.50. The precision of that call gives the next set of targets significant weight among traders watching the token’s next move.
The immediate question is whether $1.13 to $1.14 holds as support or breaks.
The analyst laid out a clear cascade of downside targets based on the current price structure:
$1.13 to $1.14: Current short-term support. A brief consolidation or minor bounce is possible here over the next few days but this is not a trend reversal. It is a temporary pause within a larger bearish structure.
$0.90 to $1.00: If $1.13 breaks with confirmation the next meaningful support sits between 90 cents and one dollar, a zone representing a previous significant resistance level that flipped into support. From current levels that is approximately a 20% decline.
$0.70: If XRP loses 90 cents the next major downside target is 70 cents, representing a possible decline of more than 40% from current price levels.
The analyst was specific about the near term. A brief relief bounce or sideways consolidation is possible over the next few days to a week but should not be interpreted as a bullish reversal.
“Just a short-term break from the bearish price action for the next few days before ultimately continuing the larger bearish trend. Do not expect a significant amount of bullish momentum.”
A bounce to slightly higher levels within the current range would simply be a pause before the next leg lower plays out.
The move from $1.50 to $1.14 already represents approximately a 12% decline. A continuation toward the $0.90 support zone adds another 20% from current levels. A full breakdown to $0.70 would represent one of the most significant XRP corrections in the current cycle.
The analyst had been flagging this scenario for months. The $1.13 to $1.14 zone is the first real test of whether selling pressure is exhausted or whether the larger bearish pattern continues to develop as projected.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
While the broader crypto market continues to struggle, Bitcoin remains stuck below the crucial $60,000…
Cardano has been under heavy bearish pressure as the price has dropped back to levels…
Bitcoin may still be far from its ultimate market bottom, according to fresh analysis from…
India's Parliamentary Standing Committee on Finance is set to hold a crucial meeting on July…
Hyperliquid price is displaying significant strength despite the broader market weakness as Bitcoin marks an…
Plasma has caught traders’ attention after posting a strong 11% recovery in recent sessions, bouncing…
