XRP Price Prediction: Analysts Target $0.92 as Crypto Capitulation Deepens
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XRP is undergoing a Wave 3 style decline, trading at $1.17 after falling 3.88% in 24 hours and 9.40% over the past week, with capitulation, oversold signals and high open interest. Analysts pinpoint key support at $0.92 to $0.87 and expect consolidation in the $1.00 to $0.87 zone unless resistance at $1.30 breaks, indicating continued technical downside risk for the crypto token.
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- XRP is extending a Wave 3 decline with key support forming near $0.92 to $0.87.
- Market sentiment shows capitulation as oversold signals and high open interest persist.
- XRP may consolidate in the $1.00-$0.87 zone before recovery if $1.30 resistance breaks.
XRP remains under pressure as the broader cryptocurrency market struggles through a sharp correction. The token currently trades at $1.17, after losing 3.88% over the past 24 hours and 9.40% during the last week. Despite the weakness, several market analysts believe the current decline may represent a decisive stage in the ongoing cycle.
Technical Structure Points to Key XRP Support Levels
According to CasiTrades, XRP appears to be developing a strong Elliott Wave structure. The analyst noted that the current decline resembles a powerful Wave 3 move, which often delivers the fastest downside action during a co…
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