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XRP at $1.11 remains possible as the market “shakes out weak hands” before a rally
$XRP is once again facing downside pressure, and according to some market analysts, a retest of the $1.11 level remains possible before any meaningful breakout occurs.
Over the past 24 hours, $XRP declined 4% to $1.33 after briefly trading around $1.42. Over the past 30 days, the token has fallen 29% from the roughly $2 level where it previously traded.
With bearish pressure persisting, some analysts believe a rebound is inevitable — but further downside may come first.
$1.11 for $XRP is “very possible”
In a recent post on X, analyst CryptoBull stated that a return to $1.11 is “very possible.” He argued that “the market likes to shake out weak hands before the monster move begins.”
His comments came as $XRP continues to struggle to break above key resistance levels.
This is not the first time CryptoBull has warned of short-term pain before potential long-term gains. Earlier this month, when $XRP briefly dropped to $1.11 during a major sell-off, he described the move as part of a recurring cycle.
Historically, $XRP has experienced sharp corrections — from $3 to $0.11 and from $1.96 to $0.28 — before recovering in subsequent cycles. In the current downturn, the token has fallen from $3.66 to $1.11, a roughly 70% decline.
Given the magnitude of the drop from its peak, more market participants believe a bottom may be forming.
Three-day structure signals a potential breakout
In his latest chart review, CryptoBull highlighted the 3-day timeframe, suggesting that the current structure resembles previous consolidation phases that preceded explosive breakouts.
He believes another dip toward $1.11 could serve as a final shakeout before a stronger upward move. Based on prior market cycles, he projects price targets in the $9–11 range.
The analyst also suggested that $XRP could reach $4 by early March and potentially approach $9 shortly thereafter, implying a possible 2x–7x upside.
Other analysts share a bullish outlook, with some targeting $10, while skeptics warn of a potential drop to $0.50. Overall, projections reflect strong optimism but remain dependent on broader market strength.
“Major development for XRP”
$XRP’s price could also benefit from upcoming positive developments. Media personality Paul Barron recently stated that a major announcement involving $XRP and the Clarity Act is expected soon. He called it “the biggest bombshell for Ripple,” adding that the opportunity is “hidden in plain sight,” with more details expected next week.
The announcement comes amid growing regulatory focus in the U.S., where Ripple CEO Brad Garlinghouse said there is an 80% chance the Clarity Act could pass by April.
Clearer regulations could support institutional adoption of the XRP Ledger and expand network activity. The $XRP community is closely watching developments ahead of the anticipated announcement.
See also: "2 cryptocurrencies whose market capitalization could reach $100 billion"
