Analyst Warns: XRP Price Hasn’t Hit First Bearish Target Yet – Critical Details Inside

XRP bulls might want to brace themselves—the dip isn't over.

According to a fresh market analysis, Ripple's native token still hasn't reached its initial bearish target. That means more pain could be on the horizon before any meaningful rebound.

Timing the Bottom

Timing is everything in crypto, and right now, the clock's still ticking downward. The analyst points to key support levels that haven't been tested, suggesting further downside before stabilization.

Market psychology plays a big role here. Fear is still driving the action—classic behavior when a crowded trade starts to unwind. And let's be honest, when have crypto traders ever been known for their patience?

Where It Goes From Here

If history's any guide—and in crypto, it rarely is—this could be a prime accumulation zone. Or just another step toward deeper losses. Because in the end, analysts make predictions, but the market always has the final say. Typical finance pros: right about half the time, but always 100% confident.

XRP Wave 4 Correction In Progress

According to crypto analyst DustyBC Crypto, XRP’s recent moves are part of a broader corrective structure. In his latest update shared on the social media platform X, he explained that the XRP/USD pair has yet to reach its first bearish target, which he identifies as part of a larger wave 4 correction. 

The analysis is based on the Elliott Wave structure, which is characterized by three bullish and two corrective impulse waves. Notably, the analyst’s Elliott Wave count shows that XRP has been playing out a corrective Wave 4 MOVE since it peaked at a new all-time high price of $3.65 on July 18, a move that ended the Wave 3 impulse.

Based on the Elliott Wave theory, Wave 4 is a brief correction move after Wave 3 just before another bullish Wave 5. Interestingly, the xrp price has declined by about 22.5% since it reached this all-time high. 

DustyBC’s analysis has been following this downtrend move in a series of technical analyses that goes as far back as mid-August. According to DustyBC, XRP’s price is expected to continue dropping before eventually setting up for a bullish wave 5 recovery. The chart shared by the analyst indicates that XRP could continue to decline until it reaches the $2.65 to $2.60 price range before Wave 4 eventually bottoms out.

Long-Term Perspective Is Positive

Despite the bearish short-term forecast, DustyBC noted that the overall outlook for XRP is bullish. He admonished traders not to rush into positions if they are not comfortable with short trades, and long-term holders should instead view the current weakness as discount territory to accumulate more XRP. 

XRP has struggled to maintain upward momentum in the past few days, and this lends voice to the notion of a corrective Wave 4 movement. As shown in the 4-hour chart above, XRP was rejected at the $3 price level some days ago, and this has led to a further decline in the past 48 hours. 

Nonetheless, the long-term outlook is bullish, and a Wave 5 bounce could lead to a push to new all-time highs above $3.65. The decisive test now lies in whether XRP can hold support around $2.6 if it reaches there before positioning itself for the next wave higher.

At the time of writing, XRP is trading at $2.80, down by 1.4% in the past 24 hours.

Featured image from Unsplash, chart from TradingView