Peter Smith
XRP is showing signs of a short-term recovery, but the risk of a deeper pullback is real. Analyst Tara outlined a scenario where the token could push toward the $1.51 resistance zone before reversing lower. XRP has been stabilizing near $1.43 after bouncing off recent lows, reflecting a tentative recovery rather than a clean trend shift.
The chart shows a completed downward structure followed by a sharp counter-move. XRP bounced from the $1.35 area into the $1.44-$1.46 range, lining up with Fibonacci retracement levels. The projected path points to $1.51 before a likely rejection. Analysts tracking XRP price correction signals healthy market setup have noted how similar pullbacks fit within the broader market structure rather than signal a breakdown.
XRP could climb toward $1.51 resistance before reversing lower into a Wave 3 decline targeting $0.87.- Analyst Tara
Once the rebound runs out of steam, the analysis points to a Wave 3 decline with downside targets at $1.12 and $0.87. These coincide with key support zones flagged across multiple timeframes. A similar pattern was discussed in coverage of the XRP price prediction flush out before the next big rally, where analysts described short-term dips as a setup for larger moves ahead.
Despite the near-term caution, the macro picture stays constructive. Tara maintains a long-term bullish target of $9 for XRP. That view echoes broader sentiment covered in XRP price analysis is an explosive breakout ahead, where strong upside scenarios run alongside elevated volatility and corrective phases as part of the same cycle.
Peter Smith
