XRP Nears End of Year-Long Correction: What’s Next?

XRP Nears End of Year-Long Correction, Analysts Predict Potential Bottom

It was a year ago this month that the cross-border token XRP captured significant attention, surging to an all-time high after seven years of stagnation, a feat many deemed improbable.

However, the subsequent period has seen a severe correction. In the months following its peak, XRP shed the $3.00 and $2.00 support levels, ultimately plummeting to $1.01 during a market downturn in late June and early July. Despite a minor rebound to $1.07 as of press time, the token’s price remains significantly depressed, trading over 70% below its previous all-time high.

Amidst this downturn, analyst CasiTrades has offered a positive outlook for XRP bulls, suggesting that the token’s year-long correction may be nearing its conclusion.

In her latest analysis of XRP’s price performance, CasiTrades identified a potential final five-wave impulse down on lower timeframes, which could lead the token to a major macro support level at $0.87. This sentiment is echoed by several other analysts, who anticipate XRP could bottom out somewhere between $0.80 and $0.90.

CasiTrades’ projection for the anticipated downward movement outlines a sharp initial decline towards $0.93. This would be followed by a bounce to $1.00, which is expected to act as significant resistance. A rejection at this level, she posits, is likely to result in the aforementioned bottoming out at $0.87.

“That final move would complete the macro Wave 2 correction and finish off the correction we’ve spent the last year building! The odds still favor one final low into support before the next major trend begins!” CasiTrades stated.

Interestingly, analyst ChartNerd has presented a similar prediction for XRP, indicating that a series of lower highs could signal further trouble and push the token well below $1.00.

CasiTrades, along with other analysts, believes this final downward leg is crucial for XRP to cleanse its current market structure and shake out “weak hands” before entering its next expansion phase. MikybullCrypto has also joined the optimistic chorus, suggesting that the token is forming a “massive” pattern.

While MikybullCrypto has not provided a specific short-term target, he has a history of making bullish XRP forecasts, including a potential run to a new all-time high of $4.00 and beyond.

$XRP
What is coming for XRP will be massive
I love the pattern formation pic.twitter.com/T7ZIHRmtzJ
— MikybullCrypto (@MikybullCrypto) July 14, 2026