 ▲ XRP |
The market is experiencing massive shockwaves as the so-called “hellish correction” price range that investors must endure before XRP reaches the historic $200 milestone has been revealed.
According to crypto media outlet The Crypto Basic on February 23 (local time), prominent cryptocurrency analyst EGRAG Crypto has assessed that XRP is technically likely to retreat to $0.78 before completing a long-term parabolic rally. XRP is currently facing downward pressure after failing to break through a key exponential moving average (EMA) on the weekly chart. This corrective pattern eerily mirrors the price action seen just before its 1,030% surge in 2021. Having already fallen 62% from its July 2025 high of $3.66, analysts suggest that a final bottom confirmation process still remains.
EGRAG Crypto cited the “mystical EMA,” which has acted as a strong resistance and support level for XRP since 2018. According to the analysis, XRP recently attempted to break above this indicator but failed, a development that historically signaled deeper price declines. In the short term, EGRAG predicts that XRP could stage a temporary rebound to $2.2 before entering a “final capitulation” phase, falling back to the $0.78 level. The $0.78 mark aligns with a key horizontal trendline corresponding to the lowest price recorded on Binance.
Paradoxically, a sharp drop to $0.78 is expected to serve as a powerful launchpad toward the $200 era. EGRAG forecasts that if XRP establishes a solid bottom at $0.78 amid broader capital outflows from the crypto market, including Bitcoin (BTC), it could first surge 1,030% to $13. This would resemble the explosive rally seen between late 2020 and April 2021. After confirming the upper boundary of a symmetrical triangle around $3.3, XRP is projected to ultimately reach the remarkable price target of $200.
This aggressive outlook is based on historical precedent. In the past, XRP recorded gains exceeding 1,030% from lows formed after failing to break the EMA, defying market expectations. While a drop to $0.78 would represent a painful halving of value from the current consolidation level near $1.42, some analysts believe it could present long-term investors with a final life-changing accumulation opportunity. As institutional capital flows become increasingly active, XRP’s technical structure appears to be preparing for a massive breakout.
The cryptocurrency market is expected to enter a new phase of price discovery following this technical correction. XRP’s next move will likely depend on whether it can defend the critical $0.78 support level and attract meaningful trading volume. The behavior of whale investors at the final bottom will be pivotal, and XRP’s journey toward the ambitious $200 target will hinge on how it navigates this so-called hellish correction phase.
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