XRP has struggled to regain its footing after retreating from its recent rally, which briefly pushed the token toward $1.70.
Over the past week, XRP has declined nearly 4%, raising questions about whether the latest pullback is a temporary correction before another leg higher.
Analyst SeffafNet views the retreat as a potentially healthy reset, suggesting that XRP may be following a pattern similar to its 2024 price action that preceded a much larger rally.
“XRP has repeated the exact same pattern as in 2024,” the analyst wrote Monday, alongside two charts comparing XRP’s 2024 and 2026 price movements.
According to the analyst, if the historical pattern plays out, XRP could face several key price milestones before potentially reaching $3.40.
 
Elsewhere, analyst Diana (@InvestWithD) identified approximately $1.38 as the most important level for XRP in the current correction. She noted that the token has retreated from its recent $1.70 peak and is now testing a Fibonacci support area.
Her Elliott Wave analysis places $1.88 as the next major target, with $4.11 and $7.07 representing higher targets if the projected wave structure develops as expected.
“$1.38 is the line to watch. losing it would weaken this specific bullish setup. But if buyers defend it and XRP starts reclaiming the recent range… $1.38 support → $1.88 → $4.11 → $7.07,” Diana told her 25,000 followers on X.
She also pointed to improving momentum on XRP’s four-hour chart. The token’s relative strength index had recovered to around 47.5 and moved above its signal line, potentially indicating that buying pressure is returning.
Moreover, analyst Ali Martinez has similarly identified the $1.35-$1.38 region as a crucial area for XRP. He noted that roughly 3.2 billion XRP were previously traded within that range, making it an important demand zone during the ongoing correction.
“XRP at key support after rallying 71.8% from $0.988 to $1.698, XRP has entered a 20% correction and is now testing a major support zone.” He tweeted.
The pundit identified $1.60, $1.68 and $1.86 as successive resistance levels. A move above $1.86, he said, could potentially open the way toward $2.19.
On-chain data also points to substantial buying activity around current levels. Santiment data shows that more than 4.8 billion XRP were previously acquired between $1.31 and $1.38, reinforcing the significance of the zone.
Demand has also extended to the U.S. spot XRP ETF market. The funds recorded roughly $73.2 million in net inflows during the week of August 24, while about $105 million in XRP was reportedly purchased, pointing to continued institutional interest in the asset.
At press time, XRP was trading at $1.41, up 1.71% over the past 24 hours.
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