XRP posts a 68% drop! What are investors focusing on now?

According to market analyst Diana, XRP may have largely completed one of the most severe pullbacks of the current cycle. Rather than viewing this correction as a bearish breakdown, the analysis suggests it represents a foundation-setting phase ahead of a potential new upward move.

Support zone in the spotlight

XRP has retreated about 68% from its cycle peak of $3.66, currently hovering near $1.14. However, its ability to hold above the $1.10 to $1.30 support range has become the main focal point for many traders. This range is seen as an area where buying interest has intensified across the market.

Historical market cycles indicate that deep corrections of this scale often appear in the latter stages of bullish phases and do not signal the definitive end of a trend. For this reason, the latest pullback is considered more indicative of a period of consolidation than an outright shift in market direction.

Key levels on the weekly chart

Analysts are closely monitoring the weekly chart. XRP’s repeated attraction of buyers within the $1.10 to $1.30 range during this period is seen as evidence that stronger investors are stepping in during short-term uncertainty. According to CoinCodex, XRP was trading at $1.14 as of this report.

If this base holds, the next significant challenge will be the resistance zone between $2.00 and $2.50. Breaking above this region may fuel bullish momentum and reignite market interest. After that, attention could shift toward reclaiming the previous high at $3.65.

What are the upside targets?

As Diana points out, if XRP surpasses its earlier peak, it could enter a new expansion phase. In such a scenario, historical resistance levels may weaken, allowing price action to unfold in a less restricted environment.

Some projections suggest that the next upward targets could form within the $5 to $6 range. Bolder technical models indicate that if momentum builds, $8.17 may emerge as a possible extension target.

Longer-term and more optimistic forecasts even raise the possibility of $17.15 in the future. But analysts caution that for this scenario to unfold, favorable market conditions, increased adoption, and continued growth of the broader crypto ecosystem are essential.

For now, the $1.10 to $1.30 support range remains the critical area under watch. As long as XRP maintains this level, the recent 68% decline can be interpreted as a period of broad consolidation rather than irreversible damage.

The post XRP posts a 68% drop! What are investors focusing on now? appeared first on COINTURK NEWS.