What to know:
- XRP holds $1.10 support despite enduring a steep 68% correction.
- Crypto analyst Diana identifies $2.50, $3.66, and $8 as key targets.
- The analyst says accumulation continues while the broader bullish structure remains intact.
Crypto analyst Diana has outlined a bullish roadmap for XRP, arguing that the cryptocurrency remains positioned for a move toward $2.50 and potentially above $8 despite a prolonged market correction.
According to the analyst, XRP has already weathered a 68% decline from its cycle high and continues to hold a critical accumulation zone that could serve as the foundation for its next major advance.
XRP Holds Key Support Despite Deep Correction
According to popular analyst Diana, XRP continues to defend the $1.10 to $1.30 range, a zone the analyst describes as a major accumulation area on the weekly chart. Despite months of volatility and several failed breakout attempts, buyers have continued to protect this region, preventing a deeper decline.
The analyst noted that XRP previously climbed to a cycle high of $3.66 before entering a prolonged correction. However, the latest chart suggests the broader market structure remains intact. Consequently, Diana believes the current consolidation could represent the final phase of the retracement rather than the beginning of a new downtrend.
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Additionally, Diana argued that major market expansions often emerge after lengthy periods of weakness. Since XRP has already retraced 68% from its peak, the analyst believes much of the selling pressure may have already been absorbed by the market.
Analyst Identifies Route Toward $2.50 and Beyond
According to Diana, the first major resistance zone sits between $2.00 and $2.50, and a successful breakout above that region could signal renewed bullish momentum while paving the way for a retest of the $3.66 cycle high.
The analyst explained that reclaiming the previous peak would strengthen XRP’s technical outlook and potentially push the asset into a price discovery phase. Under that scenario, Diana sees the $5.00 to $6.00 range emerging as the next major target for buyers.
Additionally, the chart identifies $8.17 as a key Fibonacci extension target that Diana believes remains achievable if XRP continues to defend support and gradually overcomes the resistance levels ahead.
While highlighting the upside potential, the analyst also pointed to the $0.40 to $0.60 range as an important macro support zone. Diana maintains that XRP’s ability to hold its accumulation range keeps the path toward $2.50, $3.66, and eventually $8 firmly in view.
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