XRP In The “Washout Zone” : Should You Worry ?

While the crypto market remains without a clear direction, XRP attracts attention. According to analyst XForceGlobal, the token has entered a “washout zone”, an intense correction phase potentially preceding a major reversal. Relying on Elliott wave theory, he suggests a scenario where the current drop precedes a surge up to 30 dollars. As selling pressure intensifies and technical signals blur, this interpretation divides opinion.

XRP in the “washout zone”: a purge phase

In a recent analysis, analyst XForceGlobal estimates that XRP is currently in a critical zone he calls a “washout zone”, while Ripple charts the future.

According to him, “this zone is designed to wash the market of its excesses, eliminating weak positions”. The analysis is based on Elliott wave theory, a framework that breaks down market movements into psychological cycles.

XForceGlobal identifies the current movement as a corrective wave C, following an initial wave A drop and a wave B partial rebound. This scenario suggests that the current selling pressure could precede a major reversal, with a long-term target set between “20 and 30 dollars” for XRP.

To back up his analysis, XForceGlobal highlights several technical elements characteristic of this purge zone :

• The emotional nature of wave C, where panic pushes investors to exit at a loss, reinforcing the drop ;
• The massive activation of stop-losses, contributing to automatic sales at critical support levels ;
• An ideal correction structure according to the Fibonacci ratio 1.618, often associated with the end of a deep bearish cycle ;
• The necessity of a market purge before a sustainable recovery, with a concentration of purchases between $1.08 and $1.50, according to his model.

The analyst insists that this zone should not be seen as a definitive capitulation, but as a rare technical opportunity for investors capable of anticipating a recovery based on a cyclical reading of the market.

Technical signals and mixed perspectives

Beyond Elliott structures, other technical indicators feed the current analysis. According to FX Leaders, XRP has broken the $1.50 threshold, now evolving in a setup that could signal a new down phase toward $1.22.

Analysts mention the formation of a “bear pennant”, a pattern often interpreted as a continuation bearish signal. This contrasts with XForceGlobal’s optimistic projections, revealing the complexity of current dynamics on the token.

Another interesting signal highlighted is the decline of “open interest” on XRP contracts, observed on several platforms. This reduction in exposure could, according to some observers, mark a short-term exhaustion of selling pressure.

Such a configuration is sometimes interpreted as a prelude to a technical rebound, in the absence of massive capital inflows. However, caution remains essential, as crypto market reactions to these situations can vary significantly depending on macroeconomic contexts or regulatory announcements.

The XRP price is going through a turbulent zone that some perceive as a necessary purge before a possible rebound. Between conflicting signals and bold projections, the next market moves will be decisive. Investors and analysts now scrutinize each fluctuation carefully, awaiting confirmation, bullish or not, of this technical scenario.