XRP Falls 12% After Hitting $3.65, Analysts Call It a Healthy Correction

Sean Williams
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Key Takeaways:

  • XRP’s 12% drop appears to be a healthy correction after a rapid 92% surge.
  • Technical indicators suggest support near $2.90, keeping bulls in the game.
  • Meanwhile, Subbd’s $872K presale highlights growing interest in AI-powered, Web3-native creator tools.

XRP has experienced a sharp 12.53% pullback in the past 24 hours, falling to $3.07 after briefly touching $3.65—a level not seen in over eight years. While the drop may alarm some traders, analysts suggest it reflects a healthy market correction rather than a bearish reversal.

The dip was accompanied by a massive 110.5% spike in trading volume, pointing to strong investor activity amid the volatility. With XRP still just 19.87% away from its all-time high of $3.84, many in the crypto community are watching closely for what comes next.

Analysts Say Pullback Is a Healthy Reset Before Higher Targets

According to crypto analyst XRPunkie on X (formerly Twitter), XRP’s recent 92% rise from $1.95 to $3.66 in just 30 days naturally invited a correction. The 16% pullback, they argue, is a consolidation phase before a potential surge toward $10–$15 in the coming months.

This sentiment is backed by several momentum indicators showing a cooling-off phase, not a complete trend reversal. The daily Relative Strength Index (RSI) has dropped to 58.41 from overbought levels, indicating bulls are taking a breather.

XRP Price Technicals Suggest Support Around $2.90

From a technical perspective, XRP touched the upper Bollinger Band near $3.83 before pulling back toward the mid-band around $2.91—a potential support level. Meanwhile, the MACD remains in positive territory, albeit showing signs of short-term weakening.

The Balance of Power (BoP) has slipped slightly into negative territory (-0.54), and the Accumulation/Distribution (A/D) line is holding steady, suggesting no major capital outflows. Altogether, this reinforces XRP’s bullish setup, especially if it can hold the $2.90–$3.00 range.

XRP’s Future May Hinge on Market Sentiment and Ripple Case Outcome

Bitpanda’s deputy CEO Lukas Enzersdorfer-Konrad believes XRP could soon test and surpass its all-time high if the broader crypto market continues to favor altcoins over Bitcoin. A legal resolution between Ripple and the SEC could act as a catalyst, potentially propelling XRP past $4.

Short-term resistance lies around $3.60 and $3.84. A sustained move above these levels could validate the next leg up in the rally.

Also Read: XRP Still Undervalued? Coach JV Warns Investors May Regret Missing Out

While XRP consolidates, Web3 project Subbd is quietly building momentum in the $85 billion content subscription industry. Subbd leverages AI and blockchain to provide content creators with automated monetization tools and fans with tokenized access to exclusive experiences.

The platform’s native token, SUBBD, is based on Ethereum and supports features like premium content access, staking rewards, and livestream perks. The ongoing presale has raised over $872,000, with the current token price at $0.056. A price hike is expected within 48 hours as the next presale stage nears.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses

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