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XRP Faces Potential Drop to $1.22 Before Long-Term Recovery Phase

MixedMedium impact
XRPUSD$1.34 0.33%XRPUSD$1.34 0.35%BTCUSD$82,239.23 0.13%ETHUSD$2,472.08 1.32%

XRP (CRYPTO:XRPUSD) is trading near $1.33 as short-term market charts indicate a potential pullback to $1.22 in the coming week. A temporary price pattern suggests the token could see an initial move down to $1.26, a brief rebound toward $1.67, and a secondary liquidity drop into the $1.15 to $1.22 range before buyers step back in.

The anticipated short-term weakness forms part of a broader Elliott Wave corrective phase following the rally that began in November 2024. If the support levels hold, subsequent upward waves could drive prices toward $3 to $4, with potential long-term extensions reaching $9 to $13 over several months.

Broader cryptocurrency trends remain closely tied to Bitcoin (CRYPTO:BTCUSD) and Ethereum (CRYPTO:ETHUSD). Potential liquidity selloffs targeting $77,000 for Bitcoin and $2,200 for Ethereum, driven by macroeconomic or geopolitical factors, could mark a final market floor prior to a sustained recovery.

Key points

  • XRP (CRYPTO:XRPUSD) could experience a short-term pullback toward $1.22 next week, with further downside potential between $1.15 and $1.18.
  • Technical projections map an initial decline to $1.26, a rebound to $1.67, and a final dip to $1.22 to clear market liquidity.
  • A successful holding of support could set up long-term Elliott Wave targets of $3 to $4, extending up to $9 to $13 over multiple months.
  • Broader crypto market risks include potential pullbacks for Bitcoin to $77,000 and Ethereum to $2,200.

Written by our AI from expert market sources across the web. It can contain mistakes: check the facts before acting on them. Write-ups powered by the free AI API at FreeTheAI.org

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Questions and answers

Why could XRP drop to $1.22?

Technical chart analysis indicates XRP may be completing a multi-part correction, potentially pushing prices down to $1.26 and then $1.22 to sweep remaining market liquidity before a recovery.

What are the long-term price targets for XRP?

If XRP completes its second-wave correction, Elliott Wave projections suggest the subsequent move could push prices initially to $3-$4, with potential extension targets between $9 and $13.

What key market levels could affect the crypto recovery?

Analysts note Bitcoin could test the $77,000 region and Ethereum could drop toward $2,200 during a broader liquidity selloff before the overall market establishes a bottom and recovers.