TLDR
- XRP rose 12.5% this month and moved back above the $1.50 level.
- Chart data places $0.91 at the 0.618 Fibonacci retracement and a past demand zone.
- A weekly close above $1.65 would be the first major sign that the correction is over.
- David Schwartz said a drop from $4 to $0.20 is unlikely, but he did not rule it out.
XRP may face one more drop before a stronger move higher begins. Recent chart data points to $0.91 as a key support area. Analysts say that level could complete a triple bottom pattern that has formed over several months.
The current setup follows an ABC correction that started after XRP fell from $3.40 in January 2025. XRP has still gained 12.5% this month and moved back above $1.50. Even so, the corrective structure remains in place for now.
Triple bottom keeps focus on the $0.91 zone
Market analyst Egrag Crypto said the present sell-off may form the C wave of the correction. In that structure, the last leg often ends near a major support level. In XRP’s case, that level is near $0.91.
That price area also matches the 0.618 Fibonacci retracement. It also sits near a past demand zone where buyers stepped in before. Because several signals meet there, traders are treating $0.91 as the main level to watch.
The triple bottom pattern has developed across multiple months. Such formations can mark the end of a downtrend, but confirmation is still needed. Until price reacts clearly, the setup remains active and incomplete.
A weekly close above $1.65 would be the first major signal that the correction is ending. That move would break the descending structure that has capped XRP in recent months. It would also suggest that buyers are regaining control.
For now, XRP sits between support and resistance. The $0.91 level is the main downside zone, while $1.65 is the main upside trigger. As long as XRP stays below that weekly close level, traders may still expect one final corrective move.
Price action above $1.50 has improved short-term sentiment. However, it has not yet confirmed a full trend reversal. The market is now watching whether XRP dips again before attempting a larger breakout.
David Schwartz says deep drop is unlikely but possible
The price discussion gained more attention after comments from Ripple CTO emeritus David Schwartz on X. He responded to users who asked whether XRP could reach $4 and later fall back to $0.25 or $0.31.
Schwartz said, “It went up to $3 and then down to $0.20,” adding that such a move is “unlikely,” but not impossible. He also said many past XRP price moves once seemed unlikely before they happened.
In another reply, Schwartz said, “Nobody, at least as far as I know, believed” XRP would become so valuable. His remarks came during a wider debate about Ripple’s business model and its XRP sales. Some critics argued that retail token buyers support company growth, while equity holders receive the direct return.
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