Analyst Says Current XRP C-Wave Is an Opportunity, Sets Condition for Move to $8.15

While XRP has continued to decline alongside the rest of the market, data shows the downturn could present an opportunity.

XRP continues to trade under pressure, changing hands at $1.36 amid a 26% decline this year. Despite the downtrend, the current structure suggests the pullback may merely be part of an ABC correction, and XRP could soar above $8 once it clears the major resistance levels.

Key Points

• XRP currently trades at $1.36, down more than 26% year-to-date and over 61% below its $3.6 peak.
• However, market data indicates that the downtrend may merely be part of an ABC correction within a broader structure.
• This ABC correction began after XRP hit a peak of $3.4 in January 2025, with the A-wave pushing prices to $1.61, the B-wave leading to $3.66, and now the C-wave resulting in a massive downtrend.
• XRP recently bounced from the Fib. 1.414 level at $1.14, but the Fib. 1.618 level near $0.9676 remains a possible downside target.
• A break above an existing descending resistance trendline could signal a move toward $8.15 for XRP, but losing its ascending support would weaken the bullish outlook.

XRP’s Bigger Picture Remains Bullish

Market analyst CoinsKid shared these important levels during his latest analysis. Notably, the market watcher suggested that once the ongoing downtrend concludes, XRP could climb to at least $8.15 in the next major move up. 

He identified a long-term compression pattern on the 1-week chart that began after XRP fell from its $3.31 peak in January 2018. 

From the $3.31 high, the price declined to $0.11 by March 2020 before rebounding to $1.96 in April 2021. Notably, XRP then formed a symmetrical triangle featuring lower highs and lower lows, a pattern that persisted until a breakout in November 2024.

From Breakout to ABC Correction

After the November 2024 breakout, XRP surged from around $0.5 to $3.4 by January 2025. CoinsKid stressed that the move represented a strong wave that cleared major resistance around $0.94 (the July 2023 peak) and $2 (the April 2021 peak). He had expected a push to overcome those levels, and the market delivered exactly that.

Once XRP hit $3.4 in January 2025, the price entered an ABC correction. The A wave pulled XRP down to $1.61 in April 2025. The B wave then pushed it to a new all-time high of $3.6 in July 2025. Since then, the C wave has dragged the price back to $1.36. 

According to CoinsKid, this decline does not mark the start of a bear market. Instead, he believes the rally to $3.66 represents a B wave and the current drop marks a C wave within a larger structure. As a result, he suggested that the current C wave downturn presents an opportunity for investors.

He called attention to similar moments in the past. For instance, XRP fell to $0.28 in June 2022 during a previous C wave and also dropped to $0.5 in October 2024 in another C wave before rebounding in November 2024. To him, those periods presented opportunities, and the current setup looks similar.

What Needs to Happen for $8.15

Chart data also confirms that since the July 2025 high at $3.6, XRP has struggled under a descending white trendline, which has kept the price making lower highs. CoinsKid says XRP must break above that line to confirm the next big move. Right now, that resistance sits between $1.6 and $1.75. If price pushes through that range, he believes it would signal the start of a strong rally toward $8.15.

He compared this to early 2023, when XRP broke above a similar descending white trendline near $0.5. At that time, he turned very bullish. The analyst says he will take the same approach again if XRP clears the current resistance. This means a breakout above $1.6 to $1.75 could open the door for an impulse wave, especially if the market sees renewed liquidity.

Downside Risk and Key XRP Support Levels

CoinsKid also shared what would invalidate his outlook. For context, XRP has also followed an ascending white trendline since 2020, which has provided strong support during downturns. Notably, the support now lies between $0.73 and $0.85. 

The analyst insists that as long as the price stays above that range, the larger structure remains intact, with a wave one completed and an ABC wave two forming before a major third wave higher. However, if XRP drops below the $0.73 to $0.85 support zone, his bullish scenario would weaken.

He also called attention to important Fibonacci levels. Notably, XRP recently bounced from the Fibonacci 1.414 level at $1.14, showing a strong reaction. However, CoinsKid does not believe the market has confirmed a bottom yet. He thinks the price could fall further toward the Fibonacci 1.618 level near $0.9676, which aligns with the July 2023 high, before turning around.