XRP risks drop to $0.90 as analyst Diana warns of Wave 2 correction

XRP, the cryptocurrency originally developed by Ripple Labs for global payments, faces further downside pressure as crypto analyst Diana flagged $0.90 as the next key support level if the current correction continues.

Diana highlights critical support levels for XRP

After losing the $1.10 support, XRP declined to $1.04, raising concerns among traders about the potential depth of its ongoing Wave 2 correction. Diana, a well-followed digital asset analyst, revisited her previous projection that the bottom could form near the $1.00 mark, which now appears to be within reach given the latest price movement.

She pointed to significant selling pressure reflected in technical indicators, notably a Relative Strength Index (RSI) reading of 25.8. This suggests the cryptocurrency is entering oversold territory, yet the downward trend has not reversed as buyers remain on the sidelines.

After breaking down below $1.10, XRP fell to $1.04, getting closer to $1.00. Diana said a breach of $1.00 would put the next major support at $0.90, as technical signals still indicate strong selling momentum.

According to Diana’s analysis, XRP now needs to defend the $1.00 level to avoid a possible slide toward $0.90. Her chart identifies $0.90 as the next significant support if bearish conditions persist.

The RSI’s extremely low value points to a heavily oversold state, typically seen as a precursor to potential reversals, but Diana emphasized that current buying interest has not shown meaningful strength.

Mini dictionary: Relative Strength Index (RSI): A technical analysis indicator used to measure the speed and change of price movements; RSI values below 30 suggest a market is oversold, while values above 70 indicate it is overbought.

Forecast and community reactions

Diana maintained an optimistic outlook for a strong recovery once the current correction runs its course. She called on XRP holders to stay calm and projected that the correction could complete with a bottom near $0.90, after which a significant rebound might follow.

Diana urged investors not to panic, reiterating that $0.90 is her projected downside limit within the Wave 2 correction, and emphasizing her expectation that XRP will eventually stage a solid reversal.

Other market participants responded to Diana’s analysis with varying assessments. SMADE, an active community member, voiced concern about ongoing weakness in buying demand, expressing skepticism that individuals alone could halt the decline. He argued that institutional participation may be required to stabilize XRP’s price.

Meanwhile, commentator Dan Ashenfelter took a more cautious stance, suggesting that XRP could find support as high as $0.98, citing previous price action at that level as evidence that it has attracted buyers in the past.

These differing perspectives from analysts and community members highlight the uncertainty now facing XRP amid heightened volatility. Diana’s chart continues to emphasize the importance of the $1.00 psychological level, with a daily close below this mark likely to attract increased attention as $0.90 becomes the next major reference point.