XRP has fallen to $1.14, aligning with an analyst's months-old projection and now tests immediate support at $1.13–$1.14; a short-term relief bounce or consolidation is possible but should not be seen as a bullish reversal. If $1.13 breaks, downside targets are $0.90–$1.00 (≈20% from current) and $0.70 (over 40%), signaling continued bearish pressure on the crypto token and material market risk for traders.

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XRP has fallen to $1.14, landing within one cent of a price target an analyst had been projecting for months when XRP was trading near $1.50. The precision of that call gives the next set of targets significant weight among traders watching the token’s next move.

The immediate question is whether $1.13 to $1.14 holds as support or breaks.

The Levels That Matter

The analyst laid out a clear cascade of downside targets based on the current price structure:

$1.13 to $1.14: Current short-term support. A brief consolidation or minor bounce is possible here over the next few days but this is not a trend reversal. It is a temporary pause within a larger bearish structure.

$0.90 to $1.00: If $1.13 breaks with confirmation the next meaningful support sits between 90 cents and one dollar, a zone representing a previous significant resistance level that flipped into support. From current levels that is approximately a 20% decline.

$0.70: If XRP loses 90 cents the next major downside target is 70 cents, representing a possible decline of more than 40% from current price levels.

The Short Term Bounce Window

The analyst was specific about the near term. A brief relief bounce or sideways consolidation is possible over the next few days to a week but should not be interpreted as a bullish reversal.

“Just a short-term break from the bearish price action for the next few days before ultimately continuing the larger bearish trend. Do not expect a significant amount of bullish momentum.”

A bounce to slightly higher levels within the current range would simply be a pause before the next leg lower plays out.

The move from $1.50 to $1.14 already represents approximately a 12% decline. A continuation toward the $0.90 support zone adds another 20% from current levels. A full breakdown to $0.70 would represent one of the most significant XRP corrections in the current cycle.

The analyst had been flagging this scenario for months. The $1.13 to $1.14 zone is the first real test of whether selling pressure is exhausted or whether the larger bearish pattern continues to develop as projected.

Read the article at Coinpedia