According to market analyst Diana, XRP may face further declines before making a strong attempt at a new rally. She indicates that after losing the critical $1.09 support level, the bearish s
According to market analyst Diana, XRP may face further declines before making a strong attempt at a new rally. She indicates that after losing the critical $1.09 support level, the bearish scenario she previously outlined has now taken hold.
Diana had outlined two possible paths for XRP previously. Maintaining the $1.09 level would have supported a bullish trend. However, the breach of this support has raised the likelihood of a deeper correction toward the broader support zone between $0.90 and $0.87.
The market has now chosen its direction; with XRP falling below the $1.09 threshold, the bearish scenario has gained momentum.
The analyst highlights that XRP dropping below the 0.786 Fibonacci retracement level has noticeably weakened the short-term market structure. This raises the possibility of the price retreating toward $0.90. Should selling pressure persist, the next significant support is seen near $0.87, which corresponds to the 0.854 Fibonacci retracement level.
Glossary: Fibonacci retracement levels are ratios used in technical analysis to identify potential support or resistance points after price movements. Levels such as 0.786 and 0.854 are widely watched by investors, particularly during sharp corrections.
LevelSignificance$1.09Lost critical support$0.90Nearby support zone$0.87Next major supportAlthough the short-term outlook remains weak, Diana believes this correction could lay the groundwork for XRP’s next major upward move. She identifies the $0.87 to $0.90 range as the zone where fear peaks in the market. During such periods, heavy selling is often followed by a shift in sentiment.
Diana suggests that if buyers can defend the $0.87–$0.90 range, XRP could first rebound above $1.30, with the possibility of targeting $1.65 in the aftermath.
According to the analyst, a recovery past $1.30 would be the first sign of renewed strength. Regaining $1.65, on the other hand, would signal that the current correction is over and a new uptrend may be underway.
Diana foresees that if XRP reaches the $1.65 region, it could potentially retest its previous all-time high of $3.65. Should broader market conditions remain supportive, there is also a possibility of advancing into uncharted territory above $3.66.
The report notes that XRP experienced a sharp rally last July after the US House of Representatives passed three key digital asset bills, pushing its price to a historic high of $3.65. The legislative changes included the GENIUS Act and the CLARITY Act among others.
According to CoinCodex data, at the time of writing, XRP is trading at $1.04. This means the price remains only modestly above the $0.87–$0.90 support range flagged by the analyst.
The post XRP fell below the key $1.09 support, analyst says further decline to $0.87–$0.90 possible before next rally appeared first on COINTURK NEWS.
