A veteran market watcher is pointing to a critical support level for XRP as the asset navigates what could be its final correction phase before a large breakout.
Tara, a long-time Bitcoin and XRP analyst active since 2015, says she is closely watching the $1.47 region. She describes it as a key macro level that could determine the next major move.
Key Points
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XRP tests key $1.47 support, with analyst Tara calling it a “textbook” level that could mark the end of its correction phase.
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Some analysts warn of a deeper shakeout, with downside targets between $0.70 and $0.93 still in play before a rally.
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Despite short-term risks, Tara sets a conservative $9 target, implying over 6x upside from current price levels.
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Long-term outlook stays mixed as XRP lags its $3.84 ATH, with recovery tied closely to market and Bitcoin strength.
XRP Macro Support
According to Tara, XRP is testing an important support level around $1.47. This level is significant because it aligns with a key Fibonacci retracement (0.618), which traders often monitor.
She described this as a “textbook” support area, suggesting that holding above it could imply the correction is nearing completion. This support also fits into the broader sideways pattern XRP has been moving within for months.
Short-term charts show XRP pulling back after a push toward the $1.60 range, with the price now hovering just below $1.50. This places the asset right on top of the support zone Tara highlighted.
“Final Shakeout”
Tara’s outlook comes as other analysts warn that XRP may still face a deeper shakeout before a sustained rally begins.
Recent analysis from market commentator ChartNerd suggests XRP could revisit the $0.70–$0.80 range as part of a broader “triangle crossroads” formation.
This aligns with earlier discussions from analysts like Casi Trades, who identified potential accumulation zones between $0.87 and $0.93. Meanwhile, both Casi and Tara expressed doubt that XRP would necessarily revisit those lower levels.
Conservative Target: $9 and Beyond
Despite near-term uncertainty, Tara remains firmly bullish on XRP’s long-term trajectory. Responding to concerns from a community member about a possible drop to $0.87, she emphasized that any bottoming phase could present a significant opportunity.
Specifically, she pointed to $9 as a conservative upside target, representing over 6x gains from current levels.
Her projection echoes a growing sentiment among some analysts that XRP’s long-term potential is being underestimated. In previous discussions, Tara and Casi argued that expectations around $6 may be too modest, especially considering the asset’s nearly decade-long development cycle.
After XRP bottoms, we’re looking at targets as high as $9 conservatively.. definitely incredible buying opportunities while it’s this low!
— TARA (@PrecisionTrade3) March 18, 2026
Long-Term Outlook Still Unclear
Some commentators argue that prices below $10 remain undervalued, citing the scale of global payments infrastructure and the increasing push toward faster settlement systems. Supporters believe blockchain-based assets like XRP could benefit significantly from this shift.
At the same time, skepticism remains around timing. While bullish projections continue to rise, many investors note that XRP has spent years below its 2018 all-time high of $3.84, testing the patience of long-term holders.
At this point, no one knows for sure whether the next move will be another dip or the start of a larger rally. Ultimately, XRP’s direction will depend on the overall market recovery from the ongoing bear phase, especially Bitcoin’s rebound.
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.
