XRP May Plunge to $1.20 and Still Remain Bullish, Analyst Says
Only a number of days in the past, the native cryptocurrency of Ripple traded high, with analysts speculating about its probabilities of taking down the primary main resistance degree at $1.51-$1.53 earlier than heading towards the following at over $1.60.
Instead, the bears reemerged, drove your complete market down, and XRP slumped under $1.35 earlier than it discovered some assist. EGRAG CRYPTO, although, stays undeterred, indicating that even one other leg down wouldn’t halt the asset’s bull market progress.
$1.20 Is the Key Macro Level
The well-liked analyst who has been bullish on XRP even because the asset slipped under $1.00 in early August said the token can nonetheless retrace to $1.20 and keep its bullish construction. His evaluation focuses on the month-to-month chart and the connection between the 33 EMA and 111 EMA. He added that it has traditionally helped outline main cycle buildings and pointed to the road of the sand: $1.20.
As lengthy because the cross-border token holds above that space on a month-to-month closing foundation, EGRAG believes the broader bullish thesis stays intact. However, a sustained breakdown under it will drive him to reassess, as it will doubtless invalidate the sample.
If XRP continues its restoration from the latest sub-$1.35 low, then EGRAG recognized $1.65 as the primary main degree it has to reclaim. Then, he turned much more bullish, noting that the asset can skyrocket to someplace between $4.00 and $8.00 if the construction develops additional. His far more aggressive “Valhalla” situation extends past $15, though that is still extremely speculative and depending on the macro setup holding up.
Similar Pattern In-Play?
Fellow bullish-on-XRP analyst Bird outlined a unique construction on the asset’s four-hour chart, highlighting three descending resistance trendlines. He argued that the primary two have been adopted by robust upside strikes after the token discovered assist, and the third could also be creating now.
Bird recognized a long-term ascending assist line, a significant demand zone at round $1.30-$1.34, and resistance between $1.52 and $1.56. As defined above, XRP has remained between the 2 for the previous a number of weeks.
If the asset is lastly ready to break by way of to the upside and the earlier sample repeats, the analyst believes the transfer might open the door towards $2.00. Interestingly, Celal Kucuker supported Bird’s view, saying $2.00 is “inside attain” by the top of the month after XRP bounced from a “strong assist degree.”
$XRP IS SETTING UP FOR SOMETHING VERY INTERESTING.
Look intently at this 4 hour chart.
Notice a sample?
THREE descending resistance trendlines (orange).
The first two have been adopted by explosive strikes upwards after XRP discovered assist.
Now we’re seeing a THIRD probably forming the very same setup.
We’ve bought a long-term ascending assist trendline (white), a significant demand zone round $1.30–$1.34, and resistance sitting at $1.52–$1.56.
If historical past rhymes, a breakout above that resistance might open the door in direction of $2.00.
Three comparable buildings. One very attention-grabbing risk.
I’m watching this VERY intently.
— Bird (@Bird_XRPL) October 9, 2026
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