XRP May Plunge to $1.20 and Still Remain Bullish, Analyst Says

XRP is down by over 10% weekly. Some experts stay bullish.

Just a couple of days earlier, the native cryptocurrency of Ripple traded high, with experts hypothesizing about its possibilities of removing the very first significant resistance level at $1.51-$1.53 before heading towards the next at over $1.60.

Rather, the bears reemerged, drove the whole market down, and XRP plunged listed below $1.35 before it discovered some assistance. EGRAG CRYPTO, however, stays undeterred, showing that even another leg down would not stop the possession’s booming market development.

$1.20 Is the Key Macro Level

The popular expert who has actually been bullish on XRP even as the possession slipped listed below $1.00 in early August stated the token can still backtrack to $1.20 and preserve its bullish structure. His analysis concentrates on the regular monthly chart and the relationship in between the 33 EMA and 111 EMA. He included that it has actually traditionally assisted specify significant cycle structures and indicated the line of the sand: $1.20.

As long as the cross-border token holds above that location on a month-to-month closing basis, EGRAG thinks the wider bullish thesis stays undamaged. A continual breakdown listed below it would require him to reassess, as it would likely revoke the pattern.

If XRP continues its healing from the current sub-$1.35 low, then EGRAG determined $1.65 as the very first significant level it needs to recover. He turned even more bullish, keeping in mind that the property can increase to someplace in between $4.00 and $8.00 if the structure establishes even more. His a lot more aggressive “Valhalla” circumstance extends beyond $15, although that stays extremely speculative and depending on the macro setup holding up.

Comparable Pattern In-Play?

Fellow bullish-on-XRP expert Bird laid out a various structure on the possession’s four-hour chart, highlighting 3 coming down resistance trendlines. He argued that the very first 2 were followed by strong upside relocations after the token discovered assistance, and the 3rd might be establishing now.

Bird determined a long-lasting rising assistance line, a significant need zone at around $1.30-$1.34, and resistance in between $1.52 and $1.56. As discussed above, XRP has actually stayed in between the 2 for the previous numerous weeks.

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If the property is lastly able to break through to the benefit and the previous pattern repeats, the expert thinks the relocation might unlock towards $2.00. Surprisingly, Celal Kucuker supported Bird’s view, stating $2.00 is “within reach” by the end of the month after XRP bounced from a “strong assistance level.”

$XRP IS SETTING UP FOR SOMETHING VERY INTERESTING.

Look carefully at this 4 hour chart.

Notification a pattern?

3 coming down resistance trendlines (orange).

The very first 2 were followed by explosive relocations up-wards after XRP discovered assistance.

Now we’re seeing a THIRD possibly forming the precise very same setup.

We’ve got a long-lasting rising assistance trendline (white), a significant need zone around $1.30–$1.34, and resistance sitting at $1.52–$1.56.

If history rhymes, a breakout above that resistance might unlock towards $2.00.

3 comparable structures. One extremely intriguing possibility.

I’m seeing this VERY carefully.

— Bird (@Bird_XRPL) October 9, 2026