XRP’s 68% Correction May Be Setting the Stage for Its Next Major Rally
According to market analyst Diana, XRP may have already completed one of the deepest pullbacks of the current market cycle, potentially creating the foundation for a renewed move toward higher levels.
After falling nearly 68% from its $3.66 cycle peak, XRP is now hovering around $1.14 while defending a key support zone between $1.10 and $1.30, an area many traders view as a major accumulation range.
Historically, deep corrections of this scale have often appeared near the later stages of bullish cycles rather than signaling the end of a market trend.
Despite the sharp decline, XRP’s ability to hold above critical support suggests that long-term buyers may still be absorbing selling pressure, raising speculation that the correction phase could be approaching its final stages.
XRP’s Next Big Test: From $2.50 Breakout to an $8 Price Discovery Run
The weekly chart remains a key focus for analysts, with XRP repeatedly finding demand around the $1.10–$1.30 region. This price action is often interpreted as accumulation, where stronger investors step in while short-term traders exit during periods of uncertainty. Per CoinCodex data, XRP is trading at $1.14.
If XRP maintains this base, the next major challenge comes around the $2.00–$2.50 resistance zone. A breakout above this level could strengthen bullish momentum and attract renewed market interest. The next major test would be reclaiming the previous all-time high (ATH) of $3.65, a move that would confirm a potential trend reversal and reopen the path toward price discovery.
Beyond its previous peak, Diana believes XRP could enter a new expansion phase where historical resistance levels become less significant. Some projections place the next upside targets between $5 and $6, while technical models highlight $8.17 as a potential extension target if momentum accelerates.
More aggressive long-term forecasts suggest XRP could eventually reach higher levels, with some bullish projections pointing toward $17.15 under favorable market conditions, increased adoption, and continued growth across the broader crypto ecosystem.
For now, the key level remains the $1.10–$1.30 support zone. As long as XRP continues to defend this area, many market watchers believe the recent 68% correction could be viewed not as a breakdown, but as a major consolidation phase that may have prepared the ground for XRP’s next significant move higher.
