XRP at a Critical Turning Point as Analysts Eye Final Drop to $0.87 Before Potential Reversal
According to market analyst Diana, XRP has entered a make-or-break zone, with price action now focused on a critical support level that could determine its next major move.
Trading at $1.08 per CoinCodex data, XRP is sitting directly on the key 0.786 Fibonacci retracement level near $1.09, a technical area widely watched by traders as a potential turning point during deep corrections. While this level could spark a rebound, Diana warns that the broader correction may not be over yet.
Based on the current Elliott Wave structure, XRP could still face one final capitulation event before a lasting recovery begins. If the $1.09 support fails, the next major downside target sits between $0.90 and $0.87, aligning with the deeper 0.854 Fibonacci retracement zone.
As a result, Diana views this area as a potential final washout region where weak hands exit the market before stronger buyers step in. Furthermore, it remains to be seen whether the top altcoin is approaching price discovery as it seeks to break out of a 9-year consolidation phase.
XRP Faces Critical Test Between $1.09 Defense and $0.87 Flush
If bulls pull up their socks and defend $1.09, XRP could rebound toward $1.11 and even $1.18 in the near term. Even so, Diana cautions that such a move may only be a temporary relief rally rather than confirmation that the correction has ended.
For now, the two most important levels remain clear: $1.09 as critical support and $0.87 as the potential final correction target before a larger reversal.
Adding to the intrigue, Binance exchange flow data shows XRP withdrawals have surged to 53.8% while deposits have fallen to 46.1%, marking one of the strongest withdrawal imbalances in months.
What does this shift suggest? Well, market participants may be moving XRP off exchanges and into self-custody, a trend often associated with accumulation rather than selling.
With XRP hovering at a pivotal support level and the possibility of a final flush still on the table, time will tell whether the correction has one last leg down or whether the foundation for the next major rally is already being built.
