Here’s Why This Market Veteran Believes XRP Could Correct from Here

XRP has been showing signs of recovery after a turbulent few weeks, but some analysts believe a short-term pullback may be imminent.

For context, following the crash on Oct. 10, XRP slipped to $2.18 a week later before climbing back to $2.55. The token pulled back from here, then bounced again to the current price of around $2.63. Even with this steady recovery, XRP still trades about 6% below the $2.80 level it held before the crash.

Interestingly, despite the strength XRP has demonstrated over the past few days, market analyst Ali Martinez believes the altcoin could be nearing another correction. 

The same thing happened on Aug. 8, when XRP fell 17% to $2.78 after two weeks, and again on Aug. 23 with a 13% slide to $2.7. On Sept. 15, another sell signal came before a 13% decline to $2.75. It bears mentioning that XRP has always recovered after each drop triggered by the TD Sequential.

Meanwhile, the indicator also caught bullish changes, flashing buy signals on Sept. 27 and Oct. 22, which led to gains of 12% to $3.1 and 14% to the recent $2.69 peak, respectively. Now that it has flashed another sell signal, Martinez believes XRP could soon retrace again.

Analysts Expecting Immediate XRP Price Pullback

Notably, this aligns with a recent commentary from Blockchain Backer, another veteran analyst who holds similar views. He explained that after major liquidation events, XRP often trades sideways for a while before making a move higher that typically acts as a “bull trap.” 

According to him, the price tends to sweep the highs, lure in buyers, and then reverse. To provide historical context, Blockchain Backer highlighted XRP’s behavior in February 2025, when the token surged to around $2.70 before dropping sharply to $1.98. This is a nearly identical pattern to what he expects now.

Meanwhile, analyst DustyBC believes that while a pullback could be imminent, it is actually healthy. In his latest analysis, he said XRP’s recent move looks encouraging but warned that a short-term pullback is still likely. He expects XRP to revisit the marked-up zone around $2.40 to $2.55 range before moving higher again, arguing that a healthy correction could strengthen the next leg of the rally.

EGRAG Insists XRP Remains Bullish

However, EGRAG Crypto continues to insist that XRP’s structure remains bullish despite the October crash and current volatility. The Crypto Basic recently reported how the analyst emphasized that the monthly chart shows no sign of a breakdown.

His latest commentary also revealed that both XRP’s price and Relative Strength Index (RSI) are forming higher highs. According to him, when both metrics rise together, it signals real buying strength and a healthy uptrend. He added that only when the price climbs but RSI falls, representing a bearish divergence, does the momentum weaken, which is not the case now.