Ripple’s cross-border token, XRP, has seen a nearly 7% decline over the past week, yet many analysts remain optimistic about a potential renewed uptrend. Some foresee XRP entering an “up-only” phase, while others anticipate a significant pullback before any substantial price increase.
Price Action and Analyst Outlook
As of press time, XRP is trading around $1.38, according to CoinGecko, with a market capitalization of approximately $86 billion. While this represents a notable drop from its August peak, popular analyst Ali Martinez views the current level as a constructive development. Martinez observed that XRP’s price action confirmed a breakout after clearing resistance, setting a potential next target at $1.70.
Martinez further highlighted strong institutional interest in XRP, indicating a “notable increase in demand.” Spot XRP Exchange-Traded Funds (ETFs) have recently attracted significant capital. Last week, inflows exceeded $110 million for the first time since December 2025, and the ETFs have recorded nine consecutive days of gains, a streak not seen in eight months.
Further Bullish Predictions
Other analysts, including X users Diana and XRP Update, are also making bullish calls on XRP. Diana suggests that XRP is currently positioned at the $1.38 support level, with Elliott wave targets pointing to a short-term surge to $1.88 and a potential long-term explosion to $7.07. She noted that the Relative Strength Index (RSI) on the 4-hour chart has recovered to around 47.5 and moved back above its signal line, indicating a potential shift towards bullish momentum while XRP remains near support.
XRP Update, meanwhile, believes the token has broken out of a downtrend and could be preparing for a significant rally, with potential targets at $2.50, $3.50, $6, and ultimately $13.
Contrasting Views and Potential Corrections
However, not all analysts share this optimistic outlook. Crypto Lens, for instance, expects XRP to experience a decline before posting new gains. Their analysis suggests a potential retreat to $1.17, followed by a new bull run towards $1.90, $3.10, and $5.20.
ChartNerd pointed out that XRP has failed to reclaim its 50-week Exponential Moving Average (EMA) for two consecutive weeks. They warned that sustained weekly closes below the 50-week EMA could trigger a deeper correction, noting that XRP has already retraced 22%. The 20-day EMA is currently acting as short-term support at $1.27.
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