XRP has endured a prolonged correction throughout 2026. The asset has shed significant value since its peak, and analysts are now converging on the possibility that a true bottom may be approaching. Prominent analyst CryptoBull (@CryptoBull2020) recently posted that the digital asset will most likely bottom around $0.65.
Most likely #XRP will bottom around $0.65.
— CryptoBull (@CryptoBull2020) August 12, 2026
Community Reacts to the $0.65 Call
CryptoBull’s projection drew a range of reactions. Several users pushed back hard. One commenter drew attention to a post by CryptoBull from August 10 claiming XRP would not fall below $1 in 2026. Another dismissed the prediction entirely, calling the analyst a joke.
Others offered their own price targets. One suggested XRP could reach as low as $0.77. Another projected a bottom at $0.85. One said $0.80 was the more likely floor. One user went further, saying $0.50 would be a welcome level to buy again. XRP has not traded close to that level since late 2024, just before the explosive surge that sent it above $3.
Multiple Analysts Target a Final Low
The bearish outlook on XRP has been building for months. ChartNerd (@ChartNerdTA) has maintained that XRP will sweep below $1 before the year ends. He cited the weekly EMA death cross that formed in January, the rejection at the 20-week EMA in May, and failed attempts to reclaim $1.29 and $1.60 as evidence that bears remain in control. His downside targets extend to $0.70.
Analyst CasiTrades holds a similar view. She believes XRP needs one final low before its next major advance. Her primary target sits at $0.87, supported by Elliott Wave analysis and a Fibonacci retracement level near $0.862. She also identified $0.93 as an alternative bottom. CasiTrades remains bullish on XRP’s longer-term direction and expects a major reversal once the correction completes.
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Is XRP Going Down?
The bearish outlook corresponds to prediction markets. Polymarket has a 65% probability that XRP will fail to reach $1 as a monthly high in August. At the time of that report, XRP traded at $1.04. The $0.80 threshold attracted the highest trading volume on the platform, exceeding $61,000. Total market volume surpassed $315,000.
CryptoBull’s $0.65 projection is below the targets of ChartNerd and CasiTrades, but it aligns with the general expectation of a decline below $1 before any sustained recovery. A bottom in that range, if confirmed, could set the stage for a significant move higher.
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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