According to external sources, the high point of $3.65 in the previous round of XRP has been a year, and prices have since fallen for a long time. According to several analysts, this round of adjustments does not necessarily mean the end of the trend, much more likely to be the stage of pre-collation of the new round. Current market concerns have focused on the sustainability of short-line support and the continued inflow of institutional resources.

We'll be back in the cleaning room.

Citing the point of view of the analyst ChartNerd, the report states that the XRP tends to retreat at a depth of more than 70 per cent after the height of its phases. While similar trends are prone to panic, they have often historically corresponded to a longer-term ingestion phase, when long-term funds gradually take over after fluctuations have cooled.

According to the analyst, the XRP is still operating in a sorting zone that has appeared on several occasions in history. According to this judgement, the market is in a transition from a reversal to a re-pricing, rather than a unilateral trend, which has been completely destroyed.

1.08 US$ support.

Another analyst, Diana, believes that $1.08 remains the most critical position at the moment. She states that the XRP is still able to maintain this level under constant pressure, which means that the next purchase has not significantly receded.

According to CoinCodex, prices remained below the downward trend line near the latest XRP report of $1.10. A sharper, short-wire, strong signal is possible only if the follow-on is able to stabilize a breakthrough between 1.10 and 1.12 dollars.

She further noted that if $1.145 were to be converted to support, there would be an opportunity to continue looking at $1.20 and to test the more important resistance position of $1.30. On the contrary, if the US$ 1.08 fails, the price may look back at the US$ 0.90 to 0.87 liquidity area before looking for a larger reverse.

  • Key support: $1.08
  • Short-line breakout range: $1.10 to $1.12
  • Areas of concern below: $0.90 to $0.87

ETF flows are still seen as supporting factors

In addition to the price structure, institutional financial movements are also a focus of market attention. It was reported that the cumulative inflow of live XRP ETF was close to $1.5 billion. Against the background of a cooling of retail sentiment, this data is considered by some analysts to be large funds that still sustain the allocation interest.

ChartNerd also mentioned that if the XRP follow-up effectively breaks the current zone, the long-term target range based on the Fibonacci extension can be seen between $8 and $27. This judgement, however, is based on the premise of breaking through major resistance, the continued expansion of institutional adoption and a clearer regulatory environment.

Overall, according to the media article, the XRP is more in the process of sorting out the next stage of its direction. Whether it is a direct breakthrough or a deeper step ahead will depend on whether short-line key prices are kept and whether follow-up funding continues.