After a prolonged correction from its all-time high of $3.65, XRP is currently changing hands near $1.40. While the weekly chart highlights a sharp pullback from earlier highs, the current price action has caught the eye of crypto commentator Xaif (@Xaif_Crypto). Highlighting a potential recovery, Xaif points out that XRP “is attempting to build a base around $1.40.”
Forming a base at this price holds technical weight. The asset has compressed close to a major chart support area highlighted by a prominent green order block zone stretching from roughly $0.80 to $1. Positioned well underneath the current market price, this zone indicates that structural support remains intact ahead of deeper downside targets.
The Chart Setup
Tracked on Binance via the Weekly Momentum Pyramid System and LuxAlgo’s Order Block Detector, XRP is positioned at Stage 0 close to its current trading value, pointing to the initial phase of a potential new momentum cycle.
Spanning approximately $2 to $3.60, the chart’s red resistance zone marks a region where sellers have historically overwhelmed buyers. If bullish control returns, Xaif highlights the $2–$3 region as the immediate key resistance barrier.
For now, XRP is holding above the orange moving average, offering an encouraging signal throughout this consolidation period. Maintaining this position above the average would reinforce arguments for a recovery.
$XRP is attempting to build a base around $1.40 after a sharp correction.
If bulls regain momentum, the next major resistance zones sit around $2.00–$3.00.
Could XRP be setting up for its next major recovery? pic.twitter.com/QZT7jtBfll
— Xaif Crypto (@Xaif_Crypto) October 10, 2026
What the Correction Reveals
Following a rally from multi-year lows past $3, XRP experienced a months-long reversal that erased a major share of those advances. Finishing a weekly session at $1.4044, the latest candle demonstrates persistent selling pressure.
Even with the downturn, prices stay comfortably above the green support band between $0.80 and $1. Having defended previous consolidation phases on the left side of the chart, this area serves as a historical accumulation zone where buyers step back in.
Recovery Potential
Highlighting the outlook, Xaif asks: “Could XRP be setting up for its next major recovery?” His evaluation hinges on two key factors: whether the price maintains its $1.40 base, and if buyers can muster enough momentum to break through the $2–$3 resistance band.
Wave markings inside the red zone on the chart outline an anticipated bouncing pattern through resistance prior to any lasting breakout, implying that upward progress will not follow a straight line. The market is likely to test resistance several times before reclaiming ground past $3. Ultimately, the coming weekly closes will dictate whether this base holds or if the pullback extends toward lower supports.