Analysts predict that the recent correctional momentum for XRP will continue, arguing that this represents a healthy retracement before XRP blasts off to greater heights.
One of those calling this move is pseudonymous market watcher “Bertrandtissotgm.” In a recent TradingView price outlook, he highlighted that XRP would see one final dump before ascending to the moon.
XRP Price Structure
The analyst dissected the XRP price, noting that certain things look so obvious, yet some fail to recognize them. Specifically, one thing that seems obvious about the high-caliber cryptocurrency is its price action between three distinct channels on the daily chart.
Notably, these channels, colored in red, green, and purple, have at one point suppressed bullish momentum for XRP or acted as a wedge for further price decline, establishing their importance in the asset’s future trend.
Currently, XRP trades within the purple channel. An accompanying chart shows it entered this wedge after its July 2025 peak price of $3.67 and has since made lower highs and lower lows within it.
Most recently, XRP revisited the upper trendline of this channel on the back of its rally to $2.41 on January 6. However, what followed was a higher price rejection, with the coin falling 12.8% to its current market price of $2.10
Why This Dip Occurred and Why It’s Important
Meanwhile, the analyst explained why XRP dropped from that zone. His analysis highlighted that the top of the purple channel aligned closely with the 200-day exponential moving average (EMA) at $2.33, which formed a “deadly combo” that proved hard to defend.
Besides this, he also noted that XRP has seen a notable price increase since the start of the year; hence, a correction was necessary. Moreover, the 20 EMA at $2.03 and the 66 EMA at $2.12 are below the 200 EMA, signaling bearish momentum.
Additionally, lower timeframe momentum indicators are showing divergence continuation. The diverging On-Balance Volume (OBV) also suggests XRP lacked the required strength to defy this crucial resistance area.
Nonetheless, he sees the current sideways trend as necessary for a broader bullish development. The analyst considers this dip crucial, so the chart looks good before XRP goes to the moon.
How Low Can XRP Go?
Interestingly, the commentary also identified key areas where XRP could retest during this last dip. Specifically, he noted that XRP could hit the lower support trendline of either the green or red channel.
The red support lies at $2.12, a level that XRP has already broken with its 7.5% correction in the past 24 hours. Meanwhile, the green channel’s support lies around the psychological $2 price mark, which is just 5% below the current market price.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
