Analyst Believes XRP's Deep Correction Could Be the Foundation for Its Next Bull Run
A year has passed since XRP soared to its all-time high of $3.65 on July 18, capping one of the strongest rallies in its history.
Since then, the top altcoin has spent months in a prolonged correction, testing investors' conviction. But according to market analyst ChartNerd, this pullback may be less a sign of weakness and more the foundation for XRP's next major rally.
ChartNerd points out that XRP has repeatedly suffered more than 70% corrections after previous market tops. While these steep declines often fuel panic, history shows they have typically evolved into lengthy accumulation phases, periods when long-term investors quietly absorb supply before a new bullish cycle begins.
This pattern aligns with the classic market cycle of distribution, correction, accumulation, and markup. As volatility cools and retail interest fades, stronger hands tend to accumulate, creating the conditions for the next expansion.
Based on XRP's current structure, ChartNerd believes the asset is once again trading within a historical accumulation range that has previously preceded explosive upside.
Adding to the bullish case, Fibonacci extension levels project long-term price targets between $8 and $27 if XRP breaks out of its current range, reflecting the potential upside should XRP clear major resistance levels amid growing institutional adoption and greater regulatory clarity.
Is there Light at the End of XRP’s Tunnel?
In the near term, analyst Diana says the key battleground remains $1.08, a support level XRP has continued to defend despite persistent selling pressure.
With the cryptocurrency trading at $1.10 per CoinCodex data, price remains compressed beneath a descending trendline, signaling that a decisive move could be approaching.
According to Diana, a sustained breakout above $1.10-$1.12 would mark the first meaningful bullish signal, with $1.145 needing to flip into support before XRP can target $1.20 and eventually the crucial $1.30 resistance zone.
However, a loss of $1.08 could trigger one final flush toward the $0.90-$0.87 liquidity zone before a broader reversal unfolds.
Despite the extended correction, institutional interest has remained resilient. Spot XRP ETFs have accumulated nearly $1.5 billion in inflows, underscoring continued confidence from larger investors even as retail sentiment has cooled.
Whether XRP breaks out now or undergoes one last shakeout, many analysts believe this consolidation could determine the next phase of its market cycle.
If historical patterns repeat, today's quiet accumulation may ultimately be remembered as the launchpad for XRP's next major expansion, and potentially the long-awaited 10x breakout.
