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XRP may drop to $0.80-$0.91 before a potential breakout to $1.62, says analyst.

Analyst Insights
11 Aug 2026, 04:12 WIB
Dailycoin
View Source
Neutral
XRP may drop to $0.80-$0.91 before a potential breakout to $1.62, says analyst.

An analyst from Mango Research predicts XRP could fall to the $0.80-$0.91 range before a bullish reversal. XRP has been trading within a year-long descending channel, and a breakout above this channel could push the price to about $1.62. However, bearish signals dominate in the short term, with indicators suggesting further downside. The $0.80-$0.91 zone is seen as a potential buying opportunity before a longer-term trend reversal, but confirmation depends on XRP breaking and holding above the channel's upper resistance.

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