XRP is trading near the $1.16–$1.17 range after a 3% decline over the last 24 hours, but several analysts argue the correction does not change the altcoin's broader bullish structure. According to CoinMarketCap data cited in market commentary, XRP has pulled back from recent highs, and traders are watching whether the token can hold key support around $1.10–$1.15.
One analyst emphasized that XRP's path remains unchanged and that a bullish Wave 3 price surge is still imminent. The analysis points to $1.12 as a former resistance level from July and August that has now flipped to support. On October 26, the same framework identified $1.21 and $1.12 as the two key support levels for Wave 2. As long as those levels hold, the bullish Wave 3 outlook remains intact. Some observers see the price potentially bottoming near $1.10 or even $0.80 before an almost immediate rebound.
Fellow analyst Dark Defender offers an even more aggressive long-term view. In his weekly Elliott Wave analysis, he labels XRP's earlier climb from roughly $0.30 to $3.66 as only Wave 1 of a larger Grand Wave 3. That would make the current decline toward the $1 area Wave 2, with Wave 3 expected to be the strongest part of the sequence. The current zone near $1.13 lines up closely with a 50% Fibonacci retracement around $1.1388, making the low-$1 region critical for his count.
Dark Defender's chart maps Fibonacci extension levels including $2.90 as a first major target, followed by much larger long-term levels at $18.23, $30.30, $74.40, $117.10, $333.12, and an extreme extension near $1,043. These are not near-term targets; the roadmap stretches years into the future. For now, the key question is whether XRP can establish a durable bottom around the current support region. If the token stabilizes near $1.10–$1.15 and later reclaims the $1.80–$2.00 resistance zone, the bullish Wave 3 scenario becomes stronger.
