XRP has entered a critical stage after a sharp decline pushed the token below several short-term support levels.
According to crypto analyst Diana (@InvestWithD), the correction may not be complete yet, with a widely followed Elliott Wave setup noting a possible move toward the $0.92 region before the next major rally begins.
Her latest analysis places the spotlight on a support zone between $0.87 and $0.92, an area she believes could determine XRP’s next significant move.
🚨XRP COULD BE HEADING TOWARD $0.92 BEFORE THE NEXT MAJOR RALLY 🤯🔥
A widely-followed Elliott Wave setup is suggesting that $XRP may NOT be done correcting yet. 👀
📉 Wave 3 appears to be developing LOWER⁰📉 The 1.618 extension points near $0.92⁰📉 Major support sits around… https://t.co/EW5rTrXRzc pic.twitter.com/HrZGSyEdnh
— Diana (@InvestWithD) June 4, 2026
Elliott Wave Structure Points to Lower Targets
Diana said that “Wave 3 appears to be developing LOWER” as XRP continues its recent downtrend. She also noted that the 1.618 extension target is near $0.92, aligning closely with a major support area highlighted on her chart.
The chart shows XRP trading on the 4-hour timeframe after a strong selloff that accelerated through early June. The asset’s price remains below multiple moving averages, which continue to trend downward. This structure reflects persistent bearish momentum in the short term.
A projected blue path on the chart extends from current levels toward the support zone between $0.92 and $0.87. That projection follows the Elliott Wave scenario Diana outlined, suggesting the current correction could seek lower support before buyers attempt to regain control.
Crucial Support Levels
The chart identifies two key horizontal support levels at $0.9202 and $0.8704. These levels represent the area where Diana expects market participants to monitor buying activity.
According to her analysis, a strong reaction from buyers around $0.92 could become a turning point for XRP. Diana stated that if demand emerges aggressively at that level, the market “may NEVER need that FINAL move to $0.87.”
XRP currently sits at $1.12, and her observation makes $0.92 one of the most important price levels on the chart. A successful defense of that area would support the idea that the correction has reached a meaningful point of exhaustion.
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Resistance Levels Remain in Focus
While support attracts most of the attention, the chart also highlights several overhead resistance levels that XRP must reclaim to strengthen a bullish outlook.
Diana identified the first major bullish confirmation as reclaiming $1.30. Her analysis also calls for a breakout of resistance backed by strong volume, followed by a successful retest that turns previous resistance into support.
The chart’s resistance cluster sits between roughly $1.22 and $1.35. XRP would need to push through that region before a larger recovery could gain momentum.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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