Ripple's Price Plunge: Will It Drop to $0.87 or Spark a New Bull Run?

Ripple's price has been on a rollercoaster ride in recent times, with some analysts predicting a significant drop to as low as $0.87, while others are optimistic about a new bull run.

The current price of XRP is around $1.07, which is a 5% decline from the past week. Some market observers believe that if the asset falls below $1.08, it could lead to a final shakeout to lower levels, potentially as low as $0.90-$0.93.

X user Diana suggests that this drop would be followed by a relief bounce above $1 and then a flush into the $0.87 macro support, which is expected to complete the entire correction and set the stage for the next major expansion.

Despite the bearish scenario, some market observers remain optimistic about XRP's future price. For example, Crypto user Patel claims that the asset is repeating a macro pattern that has previously led to 1,000%+ rallies, potentially pushing the price above $9.