XRP Price Has One More Dip Before Exploding Higher, Top Analyst Warns
Ripple’s XRP price has started July on a positive note, climbing 3.33% in the past 24 hours to $1.09, edging past Bitcoin’s 2.31% gain as the broader crypto market bounced from oversold conditions.
The move has largely tracked Bitcoin and the total crypto market, which added 2.33%, though on-chain data points to improving network activity beneath the surface. On July 2, the XRP Ledger saw 4,941 new wallets get created, the most in a single day in over three months. TokenPost also reported that whales started stacking again during this recovery.
Looking at the chart, XRP has held the $1.00 line. The RSI is hanging around 35, a zone that traders usually read as oversold. That said, one analyst thinks this pullback might not be finished.
Analyst Says The XRP Price Has One Final Dip Left
Crypto analyst CasiTrades believes XRP’s bounce from the $1.00 area is encouraging but not enough to confirm that the correction has ended. In a post shared on X, the analyst argued that $0.87 remains the most likely destination for one final decline before the market is ready for a sustained rally.
The view is based on the relationship between higher and lower timeframe momentum indicators, not on weakening fundamentals.
The analyst pointed out that the larger timeframes have already produced the type of bullish divergence that often appears near major market bottoms. A bullish divergence develops when price records lower lows but momentum indicators, such as the RSI, print higher lows, showing that selling pressure is fading.
CasiTrades believes the shorter timeframes have yet to complete that same pattern, leaving room for one more move lower before buyers regain full control.
For the immediate outlook, $1.09 is the level to watch. CasiTrades expects that support to give way before the correction is complete, opening the door to potential tests of $1.00, $0.93, or ultimately $0.87. The analyst also noted that the coming weekend could prove decisive, with elevated volatility likely if the XRP price makes one final move into support before reversing.
Why $0.87 Could Be XRP’s Most Important Support
There’s a level worth watching: $0.87. That price has drawn buyers in during past pullbacks. If the XRP price drops into that zone and the momentum gauges on different timeframes start showing bullish divergence, meaning the price makes lower lows but the indicators make higher lows, traders would have a much stronger signal that sellers are finally tapped out.
Holding $0.87 would also keep XRP above the broader support that’s built up over this whole correction. If it loses that floor, things could get uglier. But if it holds, that’s a good sign the market has finished shaking out and might be ready to move higher again.
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Can XRP Price Still Reach a New All-Time High?
Despite calling for another decline, CasiTrades remains optimistic about XRP’s bigger-picture outlook. The analyst believes the exact location of the final low is less important than what follows, arguing that whether the XRP price bottoms at $1.00, $0.93, or $0.87, the market could still be preparing for a move toward fresh all-time highs once the correction is complete.
Our view is that XRP still has a path to new record highs, although several hurdles remain. The XRP price must first reclaim resistance levels above $1.20 and $1.50, supported by stronger trading volume and continued growth in network activity.
If the Bitcoin price maintains its broader recovery and on-chain metrics such as wallet creation and whale accumulation continue improving, XRP would have a stronger foundation for extending its recovery in the months ahead.
Frequently Asked Questions
Yes, in theory XRP can reach $10, but it is considered an extreme bull-case scenario that faces significant mathematical hurdles.
By the year 2030, most mainstream crypto analysts project that 1 XRP will cost between $5.00 and $15.00, representing a consensus base-to-bull target cluster. While conservative algorithmic trackers like the automated data on Binance lean closer to a flat $1.30 to $2.85, institutional forecasters like Standard Chartered present an aggressive top-end prediction of $28.00.
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The post XRP Price Has One More Dip Before Exploding Higher, Top Analyst Warns appeared first on CaptainAltcoin.
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