Perhaps due to the delay of the CLARITY Act at the end of the week, Ripple\u2019s cross-border token slipped to a major support level at just over $1.00, and questions arose whether a dip below that line is only a matter of time.<\/p>\n
However, it has managed to remain above it during the weekend, and now a few analysts have noted that a major rebound is coming. One even called it \u2018the strongest in history.\u2019<\/p>\n
The asset\u2019s slip<\/a> to $1.02 on Friday pushed its RSI into a highly oversold area, which, according to popular analyst Dark Defender, means that the indicator has bottomed on the weekly timeframe. They explained it as the sub-wave structure within the Grand Wave, suggesting the completion of the major correction.<\/p>\n Consequently, Dark Defender turned highly bullish<\/a>, indicating that investors should \u201cexpect the strongest reversal in history\u201d once XRP reclaims the $1.05 zone, which is still being tested from the downside.<\/p>\n Fellow analyst Gerla agreed, noting that the asset just \u201cswept the lows and bounced straight from major support.\u201d He added that the price printed a lower low, while the RSI charted a bullish divergence. As long as XRP remains above $1.02, it has the chance to reclaim $1.08, which could send it \u201cinto a serious reversal.\u201d<\/p>\n $XRP<\/a> just swept the lows and bounced straight from major support.<\/p>\n Price made a lower low while RSI printed a bullish divergence.<\/p>\n The long-term trendline is also being tested perfectly.$1.02 held.<\/p>\n Now a reclaim of $1.08 could send $XRP<\/a> into a serious reversal. pic.twitter.com\/OXCKFiCGr2<\/a><\/p>\n \u2014 Gerla (@CryptoGerla) August 8, 2026<\/a><\/p>\n<\/blockquote>\n Meanwhile, other highly optimistic analysts, such as ChartNerd and EGRAG CRYPTO, presented<\/a> long-term charts hinting at a major breakout ahead for XRP. Their targets sound quite far-fetched at the moment, given the current market conditions, but they are aligned on the expectation that they will be in the low- to mid-double-digit range.<\/p>\n Unlike the aforementioned bullish expectations, traders on Polymarket are quite convinced that XRP\u2019s path includes a dip below the coveted $1.00 level. In fact, the odds have risen to 65% for such a drop even by the end of the month. In contrast, a rise to $1.20 has a much smaller probability percentage of 17%, while a more profound rebound to $1.40 is at a negligible 2%.<\/p>\n BREAKING: XRP projected to crash below $1.00 by the end of the month.<\/p>\n 65% chance.https:\/\/t.co\/z5yfnlniyq<\/a><\/p>\n \u2014 Polymarket (@Polymarket) August 8, 2026<\/a><\/p>\n<\/blockquote>\n XRP\u2019s painful history in August<\/a> could be among the reasons behind this rather bearish view, as the asset has closed in the red in all four of the last editions. Moreover, it was just four times in the green since 2013.<\/p>\n Prispevek Analyst Expects XRP\u2019s Strongest Price Reversal Ever, but Polymarket Disagrees<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Perhaps due to the delay of the CLARITY Act at the end of the week, Ripple\u2019s cross-border token slipped to a major support level at just over $1.00, and questions arose whether a dip below that line is only a matter of time. However, it has managed to remain above it during the weekend, and […]<\/p>\n","protected":false},"author":1,"featured_media":51842,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-51840","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"\n\n
Polymarket Odds Disagree<\/h2>\n
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