XRP Could Fall to $0.85 as Sub-$1 Breakdown Threat Looms, Analyst Warns

Coinpedia
XRP-0,43%

XRP could plunge to $0.85 as intensifying downside pressure and broader crypto weakness threaten to drag the token below $1, signaling a deeper correction before any meaningful rebound resumes, according to a crypto analyst.

Analyst Warns of Sub-$1 XRP Dip With $0.85 Breakdown Risk Rising

XRP could fall below the $1 level as downside pressure builds, according to a cryptocurrency analyst, who shared on social media platform X this week that deeper macro support near $0.87 remains in play amid the ongoing correction.

Crypto analyst Tara outlined a short-term rebound scenario before warning that broader market weakness could trigger another leg lower. She described $1.30 as potential interim support and $1.65 as resistance during a retrace before renewed downside risk emerges. In response to a question on X about a possible double bottom in the $1.20-$1.30 range, she replied: “This could bring XRP down to ~$1.30 as short-term support with another wave up expected as high as the .5 at $1.65- now turned resistance.” She further cautioned:

“A new low is still possible as far down as $.85.”

Linking XRP’s outlook to bitcoin’s projected move, she detailed that a decline in BTC to $52,200 support would likely push XRP down to its .786 Fibonacci support level near $0.87. At the time of writing, XRP is trading at $1.36, below the price level at which it was trading when the analyst issued the prediction.

XRP Could Fall to $0.85 as Sub-$1 Breakdown Threat Looms, Analyst WarnsChart projecting XRP potentially falling below $1 shared by crypto analyst Tara on X on Feb. 7.

The chart she shared shows XRP previously reaching its .382 retracement near $1.53, with additional Fibonacci levels at roughly $1.37 (.236), about $1.29 (.618 retracement), and macro .786 support around $0.87, reinforcing the possibility of a break below the psychological $1 threshold.

In a separate post, Tara referenced fellow crypto analyst CasiTrades, who also publishes XRP technical analysis on X, while addressing differences in projected levels across exchanges. She posted on Feb. 9:

“ XRP is in the deepest correction of the entire market cycle. We already expected this.”

“But you keep grouping Casi’s targets with mine. Her levels are on Coinbase. She has the $1.55 level but Binance is $1.47. $1.11 on Coinbase is = $.87 on Binance… huge price discrepancies,” Tara noted.

Despite near-term volatility, she reaffirmed, “It does not change XRP targets. Still targeting $7 and $9. BTCs wave will help XRP reach its full potential during that wave.” Her analysis frames any potential drop under $1 as part of a broader macro wave structure rather than a shift in long-term expectations.

FAQ 🧭

  • Could XRP fall below $1 during the current correction?

Yes, according to analyst Tara, XRP could drop toward $0.85–$0.87 if broader market weakness persists, putting the psychological $1 level at risk amid a deeper macro correction.

  • What key support and resistance levels should investors watch for XRP?

Investors should monitor interim support near $1.30, resistance around $1.65, and critical macro support at approximately $0.87, based on Fibonacci retracement levels highlighted in the technical analysis.

  • How is Bitcoin’s price action influencing XRP’s downside risk?

Tara suggests that a potential bitcoin drop to $52,200 could push XRP toward its .786 Fibonacci support near $0.87, reinforcing the correlation between BTC movements and XRP’s short-term trajectory.

  • Do short-term price discrepancies and corrections change XRP’s long-term targets?

Despite exchange-level price differences and near-term volatility, the analyst maintains long-term bullish targets of $7 to $9 for XRP, viewing any sub-$1 move as part of a broader macro wave structure.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

XRP Today News: XRPL 2.7 million transactions hit a new high, token price diverges from "decoupling"

XRP ledger's daily trading volume reaches 2.7 million transactions, but the XRP token price remains steady at around $1.37, indicating that increased on-chain activity has not led to new capital inflows. Analysis shows that internal transfers within institutions and automated trading account for a high proportion, failing to create strong buying demand. Breaking through $1.61 is the key to future upward momentum, while the long-term target of $100 requires multiple conditions to align, including widespread institutional adoption and an improved market environment.

MarketWhisper37m ago

Ripple launches $750 million stock buyback, valuation rises to $50 billion

Ripple has launched a $750 million stock buyback program, valued at $50 billion, expected to last until April. This buyback is an adjustment from a previous unsuccessful attempt, with a smaller scale but a higher valuation. In recent years, Ripple has been actively expanding through acquisitions totaling approximately $4 billion, and despite pressures in the crypto market, management continues to demonstrate confidence in the business.

MarketWhisper1h ago
Comment
0/400
No comments