Analyst expects XRP rally to $1.51 before dropping to $0.87

Tara maps XRP’s next moves off Bitcoin’s pattern. She sees a short bounce, then lower.

She calls the current rise an ABC correction. Target near the 0.618 level at $1.51, a 1:1 measured move Tara on X. She stresses it’s a bearish retrace, not trend strength Bitcoinist.

On the 1-hour chart, Tara marks a completed five-wave decline. Wave 5 ended around $1.362 support, a horizontal floor on her chart Bitcoinist.

She warns bulls can be trapped by the bounce. Focus shifts to what follows near $1.51 resistance. Next major move, Wave 3, carries downside to a double bottom at $1.12, with $0.87 as macro support risk Bitcoinist.

Price sits at $1.37 after failing to hold above $1.40. Seven-day drop over 6%, 24-hour drop over 3%, per CMC-cited data Bitcoinist. Mood stays weak amid volatility and geopolitical tensions Bitcoinist.

Key links:
- Plan and levels: Tara’s thread on X
- Elliott Wave context: Bitcoinist, Bitcoinist