XRP Price Faces Critical Test as Analysts Eye $0.92 Support Zone

Key Insights

• XRP price slipped toward $1.15 as sellers maintained control.
• Analysts identified $0.92-$0.87 as the next major support region.
• Open interest dropped sharply, signaling a broad leverage reset.

XRP price remains under pressure after weeks of sustained weakness pushed the token below several important support levels. The cryptocurrency is now consolidating near $1.15, while traders monitor whether buyers can prevent a deeper decline toward lower support zones.

Recent technical analysis suggests XRP may face one final leg lower before attempting a recovery. At the same time, derivatives data indicates speculative excess has been flushed from the market, creating a cleaner environment for future price action.

XRP Price Targets $0.92 Before Potential Recovery

XRP price is under renewed pressure as CasiTrades tracks a key support test after months of consolidation. Her latest chart showed XRP breaking below a major structure, with the current move forming what she describes as a final subwave into support.

According to her analysis, XRP may first move sharply toward $0.92. That area aligns with the 1.618 extension, which appears close to the larger $0.87 support zone she has discussed for months. The chart also shows Fibonacci levels at $1.08, $0.91, $0.86, and $0.79, highlighting the lower support region.

After that move, her expected path shows a relief bounce back toward $1.20. However, that level may act as resistance if sellers remain active. A final move toward $0.87 could then complete the structure before a stronger reaction develops.

Notably, CasiTrades also left room for a bullish exception. If XRP reacts strongly from the third-wave low, the token may avoid the last move to $0.87. In that case, bulls would need to reclaim resistance and break above $1.30 with clear strength.

Regression Band Adds Bearish Pressure

However, ChartNerd’s broader view showed XRP losing the upper regression band near $1.35. His Gaussian Channel chart suggests earlier breaks below this band have often led XRP toward the middle regression band.

That middle band sits near $0.84, which closely matches the lower support zone highlighted by other analysts. This makes the $0.84 to $0.87 region one of the most important areas on the higher-timeframe chart.

The chart showed XRP price trading around $1.21 after losing the upper band. Price has moved nearer to the white regression curve, putting the green middle band back in focus as a possible downside area. Similar touches appeared in earlier cycles on the chart.

Still, that does not mean a drop is confirmed. XRP crypto would need to remain weak below the lost band for the bearish path to stay active. A fast reclaim above $1.30 and then $1.35 would challenge the downside setup and shift attention back to resistance.

Open Interest Flush Signals Reset

Meanwhile, derivatives data show a sharp open interest decline across exchanges. BankXRP noted that XRP crypto open interest dropped by about 60 million in recent days, with Bybit leading the move lower.

XRP Open Interest Change By Exchange 7D | Source: CryptoQuant Data

This type of open interest flush often shows forced exits from leveraged positions. The latest chart also places XRP crypto near $1.21 during the decline, showing that price weakness came alongside a broad reduction in speculative exposure.

The reset may reduce excessive leverage in the market. However, it does not automatically create a bullish reversal. XRP price still needs spot demand and a clear reclaim of broken levels before momentum improves.

The red price chart also shows XRP down more than 5% on the day, with market capitalization near $73.6 billion. That move confirms that selling pressure remains active even as leverage cools.

XRP Crypto Bulls Still Watch the $1.20 Zone

Additionally, Vuori Trading’s chart shows XRP price still attempting to hold the $1.20 support area. His outlook frames the recent move as typical XRP range behavior, with wicks below support and a possible later test of higher resistance.

His chart marks $1.20 as the key support line and points toward a future test near $1.87 if buyers defend the current zone. A larger upside projection also labels $2.72 as a “bull gate,” suggesting that level would matter if XRP later regains stronger momentum.

For now, the near-term structure remains fragile. XRP price must hold or quickly reclaim $1.20 to avoid deeper pressure toward $1.08, $0.92, and $0.87. A close below that zone would support the bearish wave count and regression-band target.

A recovery above $1.30 would be the first clear sign that bulls are returning. After that, XRP would need to reclaim $1.35 to weaken the bearish channel signal and reopen the path toward $1.87.

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