XRP remains under pressure as weakness across the broader cryptocurrency market continues to suppress buying interest. Currently, the token is trading around $1.37, representing a decline of roughly 60% from its July 2025 peak near $3.60. Since October 2025, price action has followed a persistent downward trajectory, leaving market participants divided on whether XRP is forming a base or preparing for further losses. The current market structure suggests two competing scenarios. One perspective points to a potential recovery phase that could carry prices significantly higher, while the other warns that a breakdown below key support levels may open the door to a much deeper correction. Market Structure and Long-Term Scenarios According to technical analysis shared by market analyst More Crypto Online (MCO) , XRP’s higher-timeframe structure presents both bullish and bearish interpretations. Reviewing the four-day chart, MCO pointed out that recent price action could represent either the early stages of a corrective recovery or it could be the beginning of a final impulsive move toward a broader uptrend. In the first scenario, XRP may be forming a B-wave recovery within a larger ABC corrective structure. Under this framework, upside movement would likely be limited, with a potential move toward the $2.86 region before renewed weakness emerges. On the other hand, a more constructive interpretation views the recent decline as a completed Wave 4 correction, which could set the stage for a fifth-wave rally capable of pushing prices toward the $6 level. While both outcomes remain technically valid, MCO emphasized that his near-term focus is on whether XRP can sustain higher prices during a corrective recovery rather than immediately assuming a full trend reversal. Importance of the $1.21 Support Level An important element in both scenarios is the price reaction around $1.21. This level, reached in early February, aligns with the 50% Fibonacci retracement of the prior impulsive rally that peaked at $3.40 in January 2025. Historically, this retracement zone has acted as a key area of support during trending markets. Despite several attempts to recover, MCO warned that XRP has not yet provided sufficient confirmation that this area represents a lasting bottom. From a structural perspective, XRP entered a broad corrective phase earlier in 2025 after topping above $3. Subsequent rallies failed to establish sustained momentum, even as price revisited the $3 region in both February and July before setting a final high. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 If the market decisively breaks below $1.20, particularly beneath the February swing lows, MCO warned that the correction could accelerate. In that case, downside targets may extend into a broader support zone between $0.489 and $0.989, based on an alternative wave count previously outlined in his analysis. Short-Term Price Action Still Uncertain Lower-timeframe analysis further supports the view that XRP has yet to establish directional strength. On the 30-minute chart, price movements have consistently formed three-wave patterns, a structure typically associated with corrective or range-bound behavior rather than impulsive advances. Since the February low, XRP has recorded several modest rallies followed by equally shallow pullbacks, with price oscillating between roughly $1.21 and $1.54. This repeated pattern suggests that buyers have struggled to maintain control. MCO identified the $1.51 to $1.52 area as an early technical threshold. A sustained move above this zone would improve confidence that a short-term base has formed. Beyond that, $1.67 represents the next resistance level traders may monitor. Conversely, failure to hold current levels could result in another test of the $1.36 to $1.31 support range, with a less likely scenario involving a brief dip toward $1.19 before stabilization. XRP is in a critical position. If the token experiences a sustained recovery, it could eventually lead to targets between $2.86 and $6, depending on how the broader structure resolves. However, the lack of clear confirmation around key support means downside risk cannot be dismissed. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post XRP Price Faces Critical Make-or-Break Test. Here’s The Latest appeared first on Times Tabloid .
