Key Takeaways
- Peter Brandt and Ali Martinez warn XRP could drop toward the $1 level.
- Analyst Dark Defender expects a major bullish breakout after the current correction.
- XRP rebounds over 3% following cooler-than-expected US CPI inflation data.
After slipping below the crucial $2 support zone, XRP sparked fresh debate over whether the price could slide toward $1. However, the Ripple-linked token has staged a modest recovery, climbing more than 3% in the past few hours—aligning with some analysts’ optimistic forecasts.
Despite the bounce, uncertainty remains high. XRP continues to trade below key resistance levels, while broader crypto market sentiment remains in “extreme fear” territory. The pressing question now is whether this recovery marks the start of a reversal or just a temporary relief rally.
Top Pick: Spot XRP ETFs Cross $1B Inflows Since November Launch
XRP Price Outlook Still Uncertain
Graph Source: TradingView
Market participants remain cautious about XRP’s next move. Notably, steady inflows into spot XRP ETFs have failed to translate into sustained price gains, raising concerns about underlying weakness.
Veteran trader Peter Brandt recently highlighted a double-top pattern on XRP’s weekly chart—typically a strong bearish signal pointing to deeper downside risk. Although Brandt was previously bullish on XRP, the emergence of this pattern has shifted his outlook.
Supporting the bearish case, crypto analyst Ali Martinez warned that XRP could fall as low as $1. He pointed to heavy whale selling, revealing that large holders have offloaded approximately 1.18 billion XRP over the past four weeks. This distribution has added significant pressure to XRP’s price momentum.
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Bullish Analysts See a Major Upside Ahead
While some analysts remain cautious, others believe XRP is setting up for a strong rebound. This optimism persists even as XRP has traded below its 50-week moving average for seven consecutive weeks.
Market analyst Steph noted that historical data shows XRP often delivers explosive rallies after prolonged periods below its long-term moving averages. Echoing this view, prominent analyst Dark Defender suggested that XRP’s correction phase is nearing completion.
According to Dark Defender’s Elliott Wave analysis, XRP has completed Wave 4 of a larger bullish cycle and is preparing to enter Wave 5—typically the most aggressive upward move. He identified strong support between $2.22 and $1.88, a zone where XRP briefly consolidated before rebounding.
Dark Defender also highlighted that the recent pullback aligned closely with the 70.2% Fibonacci retracement level, strengthening the bullish thesis. He believes XRP could rally more than 200% from current levels, with extreme upside scenarios projecting prices as high as $17.30 if historical patterns repeat. Even a more conservative outlook suggests a potential move toward $9.55.
Meanwhile, institutional interest remains strong. Spot XRP ETFs have recorded inflows for 24 consecutive days, adding $18.99 million on Wednesday alone, according to SoSoValue. Total inflows have now surpassed $1 billion, pushing assets under management to $1.14 billion—despite XRP’s recent price weakness.
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XRP Price Rebounds After CPI Data
XRP climbed over 3% from its 24-hour low of $1.83, trading near $1.91 at the time of writing. A surge of nearly 60% in trading volume further supported the rebound, as momentum indicators like the RSI signaled oversold conditions.
The recovery followed softer-than-expected US inflation data, with CPI coming in at 2.6% versus expectations of 3%, boosting risk-on sentiment across crypto markets.
Derivatives data from CoinGlass showed increased buying activity, with XRP futures open interest rising 1.40% to $3.44 billion in just four hours. CME and Binance recorded open interest gains of over 2.65% and 1%, respectively—signaling growing “buy-the-dip” confidence among traders.
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Conclusion
XRP’s price outlook remains mixed as analysts debate whether the token is headed toward a deeper correction or a powerful breakout. While bearish signals such as whale sell-offs and chart patterns suggest downside risk toward $1, bullish analysts point to historical trends, oversold indicators, and strong ETF inflows as signs of an upcoming rally.
With XRP rebounding after softer US inflation data and derivatives activity picking up, the coming weeks could prove decisive. Whether XRP revisits $1 or pushes back toward $3 will likely depend on broader market sentiment and how well the $1.88–$2.22 support zone holds.
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FAQs
Can XRP price really fall to $1?
Yes. Analysts like Peter Brandt and Ali Martinez warn XRP could revisit the $1 level due to bearish chart patterns and heavy whale selling.
Why did XRP price rebound today?
XRP bounced over 3% after US CPI inflation data came in lower than expected, improving risk sentiment and triggering buy-the-dip activity.
What is Dark Defender’s XRP price prediction?
Dark Defender believes XRP has completed a corrective phase and could rally over 200%, potentially entering a new bullish Elliott Wave cycle.
Are XRP ETFs supporting the price?
Spot XRP ETFs have recorded over 24 straight days of inflows, surpassing $1 billion in total inflows, though price impact remains limited so far.
Is XRP currently bullish or bearish?
XRP remains technically weak below key moving averages, but oversold conditions and rising derivatives activity hint at a possible short-term rebound.
