XRP Price Prediction: 68% Pullback Holds as Bulls Target $8
Market analyst Diana says XRP’s deep 68% correction may be nearing completion after falling from a $3.66 cycle peak to around $1.14 (CoinCodex). XRP is holding the key support band at $1.10–$1.30, which many traders view as a major accumulation zone.
Next upside checkpoints are $2.00–$2.50 resistance. A breakout there could restore bullish momentum and draw fresh inflows. Bulls would then look to reclaim the prior ATH near $3.65, which would strengthen the case for a trend reversal and open “price discovery.”
Diana also suggests a potential new expansion phase where prior resistance levels matter less. Upside scenarios cited include $5–$6, with technical models flagging $8.17 as an extension target if momentum accelerates. More aggressive long-term projections mention $17.15, depending on broader crypto adoption and market conditions.
For traders, the immediate playbook is simple: XRP price action above $1.10–$1.30 keeps the correction thesis intact; failure to defend that zone would weaken the bullish setup.
Bullish
The news is bullish because it frames XRP’s 68% pullback as a consolidation/accumulation process rather than a breakdown. The stated key is price defending $1.10–$1.30; in past market cycles, sharp corrections followed by basing above major support often precede resistance breaks (e.g., similar “capitulation then reclaim” behavior seen in other altcoins before a leg higher).
Short-term, traders may position around the support band and watch for confirmation via a move above $2.00–$2.50 and then reclaiming $3.65. That sequence would likely trigger momentum buying and liquidity rotation. Long-term, if XRP sustains a new expansion phase, targets like $5–$8 become increasingly plausible. However, the setup is conditional: a sustained loss of the $1.10–$1.30 zone would invalidate the bullish thesis and could renew downside pressure, making this a tactically bullish but risk-managed scenario.