Victoria Bazir
The crypto market continues testing traders' nerves, and XRP (Ripple) latest price action hints at more turbulence ahead. Recent technical analysis suggests a "worst-case scenario" where the asset could temporarily slide before staging a strong comeback — a pattern that's played out several times during previous market cycles. The analysis points to a potential sharp drop toward October 10th lows, followed by a powerful V-shaped recovery that could reshape XRP's medium-term outlook.
Testing Critical Support at $2.40
According to crypto analyst STEPH IS CRYPTO, the 4-hour XRP/USD chart shows the coin hovering near $2.40, displaying weakening momentum after struggling to maintain ground above short-term resistance.
The projection suggests XRP might revisit the $1.70–$1.80 zone, an area that lines up with previous liquidity pockets and structural support from earlier in October. This movement would complete what traders call a liquidity sweep — essentially a brief dive below established support before the market flips direction. From there, the model anticipates a bounce toward $3.50–$3.80, where the next major resistance sits.
Volatility Expected Before Potential Upside
The forecast arrives as broader crypto markets face renewed turbulence amid shifting economic sentiment and uncertainty around liquidity conditions. XRP's consolidation around $2.40 reflects an ongoing battle between cautious traders and long-term holders betting on renewed strength in the weeks ahead. Despite the possible near-term pullback, XRP maintains a structurally bullish stance over the medium term. Similar deep corrections have historically set the stage for major rallies, much like what happened during its 2021 recovery phase.
Key Levels and Market Outlook
Critical price zones to watch:
- Current level: $2.40
- Potential support target: $1.70–$1.80
- Recovery target: $3.50–$3.80
The analyst warned followers to brace for "mental tests" as price swings intensify, noting that such drawdowns often come before more substantial upward moves. He stressed that a temporary drop below October's low could serve as a final accumulation phase, creating conditions for a sharp rebound fueled by returning market demand. Many market participants share this view, suggesting that once XRP stabilizes and liquidity normalizes, technical recovery momentum could build quickly.
While the "worst-case scenario" maps out a possible decline toward October's support zone, the overall structure remains optimistic. If XRP can hold key support near $1.70, traders might see this setup as a launchpad for a significant rally — potentially kicking off its next major upward leg. As XRP approaches these critical levels, market watchers are closely monitoring whether the projected pullback materializes or if an earlier recovery surprises everyone.
Victoria Bazir
