Ripple (XRP) is trading around $1.07, down 5% over the past week, as analysts split between predictions of a final shakeout to $0.87 and hopes for a rally above $9. The asset is testing a key support level at $1.08, and losing it could trigger a sell-off toward the $0.90-$0.93 liquidity zone, followed by a flush to $0.87 macro support, according to one analyst.
Bearish Signals Mount
X user Diana warns that losing the $1.08 support may lead to a final shakeout to much lower levels. The next move could be a drop to the $0.90-$0.93 zone, a relief bounce above $1, and then an ultimate flush into $0.87, which she expects to complete the correction and set up the next major expansion. Another analyst, Cryptorphic, also highlights $1.08 as strong resistance, noting that the current structure favors sellers and could lead to further declines.
Adding to the bearish case, positive social media posts about XRP have surged to a multi-month high, a sign that FOMO is rising. The cryptocurrency market often moves against the crowd, so this optimism could be a contrarian indicator. Additionally, spot XRP ETFs have seen waning interest: after weeks of consistent inflows, pension funds, hedge funds, and other conservative investors have started reducing exposure. This has forced ETF issuers like Bitwise, Canary Capital, Franklin Templeton, 21Shares, and Grayscale to sell XRP to maintain proper backing of shares.
Bulls Still See a Path to New Highs
Despite the bearish pressure, the XRP Army remains loyal. Analyst Crypto Patel claims XRP is repeating a macro pattern that has previously led to 1,000%+ rallies, suggesting history points to another expansion phase that could push the price to a new peak above $9. Celal Kucuker is also highly optimistic, reminding that XRP surged 500% in a single month two years ago. They argue that with six months left in the year, a $7 price target is not impossible.
However, such high levels would require XRP's market capitalization to skyrocket above $350 billion, which seems far-fetched given the extended bear market gripping crypto. Expectations should remain tempered, as the asset remains highly speculative and could continue to face headwinds from regulatory uncertainty and shifting investor sentiment.