bullish

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<h2 id="b-tldr-b">TLDR:</h2><ul><li>XRP remains range-bound between $1.22 and $1.55, with no confirmed breakout on higher timeframe charts.</li><li>A short-term B-wave rally toward $1.78–$2.87 is possible but would not confirm a new bullish trend for XRP.</li><li>Analysts warn a C-wave decline could push XRP down to between $0.98 and $0.48 if the structure holds.</li><li>High-leverage long positions face liquidation risk if XRP sees even a slight drop below current price levels.</li></ul>XRP <a href="https://blockonomi.com/xrp-structure-strengthens-as-traders-eye-1-45-and-1-80-breakout-zones/" rel="noopener noreferrer nofollow">continues</a> to trade within a well-defined range as analysts monitor its price structure closely. The cryptocurrency has shown limited momentum compared to Bitcoin, which has already posted stronger rallies in recent sessions. Market observers note that the current movement appears corrective rather than impulsive. As long as XRP remains trapped between key levels, the broader bearish outlook stays intact for traders watching the charts.<h2 id="b-xrp-remains-stuck-between-1-22-and-1-55-support-and-resistance-b">XRP Remains Stuck Between $1.22 and $1.55 Support and Resistance</h2>XRP has been unable to break out of its local range between $1.22 and $1.55. According to MCO Global Español, the structure on higher timeframes has not changed much. The movement continues to look corrective, consistent with a broader ABC pattern.<div class="embed-twitter"><blockquote class="twitter-tweet"><a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$XRP</a> Ripple sigue en rango mientras Bitcoin ya entregó rallies de onda B más fuertes. La estructura no cambió mucho en el timeframe mayor.El movimiento sigue luciendo correctivo, consistente con una estructura ABC más amplia. El rango local clave sigue siendo entre $1.22 y… <a href="https://t.co/iBbJf5h6s1" rel="noopener noreferrer nofollow">pic.twitter.com/iBbJf5h6s1</a>— MCO Global Español (@MCOGlobalES) <a href="https://twitter.com/MCOGlobalES/status/2052643159927071092?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 8, 2026</a></blockquote></div>The ABC structure is a common corrective wave sequence tracked in <a href="https://parameter.io/ethereum-eth-price-elliott-wave-analysis-points-to-major-breakout-coming/" rel="noopener noreferrer nofollow">Elliott Wave</a> analysis. It involves two downward legs separated by a temporary counter-rally. Analysts who follow this framework suggest XRP may still be in its middle phase.While a short-term rally toward the $1.78 to $2.87 resistance zone remains possible, that move would still fit within a corrective B-wave. That outcome would not confirm a new bull trend for XRP. Instead, it would set the stage for a deeper C-wave decline.<h2 id="b-momentum-weakness-and-leverage-risk-add-to-bearish-pressure-b">Momentum Weakness and Leverage Risk Add to Bearish Pressure</h2>Momentum remains the central concern for <a href="https://moneycheck.com/xrp-bulls-may-struggle-as-bearish-signal-appears-after-15-rally/" rel="noopener noreferrer nofollow">XRP bulls</a> at this stage. MCO Global Español noted that Bitcoin has already delivered stronger B-wave rallies, while XRP lags behind. This divergence raises questions about XRP’s short-term strength relative to the broader market.A potential C-wave drop could push XRP down to between $0.98 and $0.48, based on the current corrective count. That would represent a substantial move lower from current levels. Traders are watching closely to see whether the range holds or breaks in either direction.Adding to the concern, analyst CW pointed out that a slight further decline in XRP could liquidate most high-leverage long positions.<div class="embed-twitter"><blockquote class="twitter-tweet"><a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$XRP</a> will liquidate most of high-leverage long positions if a slight further decline occurs. <a href="https://t.co/jFZI6mxvru" rel="noopener noreferrer nofollow">pic.twitter.com/jFZI6mxvru</a>— CW (@CW8900) <a href="https://twitter.com/CW8900/status/2052645752296644834?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 8, 2026</a></blockquote></div>This creates additional downside pressure since forced <a href="https://coincentral.com/xrp-xrp-price-3-billion-in-liquidations-sitting-above-is-a-short-squeeze-coming/" rel="noopener noreferrer nofollow">liquidations</a> tend to accelerate price drops. The concentration of leveraged longs near current levels makes the $1.22 support area particularly sensitive.If liquidations trigger below that level, a cascade effect could push price toward the lower end of the projected C-wave target. However, the range between $1.22 and $1.55 has held so far. Until a clear break occurs in either direction, the corrective structure remains the dominant framework analysts are working with.&nbsp;The post <a href="https://blockonomi.com/xrp-price-analysis-corrective-structure-points-to-possible-drop-below-1-00/" rel="noopener noreferrer nofollow">XRP Price Analysis: Corrective Structure Points to Possible Drop Below $1.00</a> appeared first on <a href="https://blockonomi.com" rel="noopener noreferrer nofollow">Blockonomi</a>.

XRP Price Analysis: Corrective Structure Points to Possible Drop Below $1.00

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