XRP's C‑Wave: Fire Sale or Final Countdown to $8.15?

XRP is currently chilling at $1.36, which is a not-so-fun 26% haircut for the year and a brutal 61% discount from its $3.6 ATH. While the broader market treats it like a bag of bricks, analyst CoinsKid is calling this C‑wave a textbook ABC correction—think of it as a strategic pit stop, not a drive off a cliff.

This whole ABC drama started after XRP's January 2025 top at $3.4. Wave A was the initial faceplant to $1.61, wave B was the glorious, hopium-fueled revenge pump to a new high of $3.66, and the current wave C is the comedown back to reality at $1.36. CoinsKid suggests this is the degen discount window, echoing the legendary $0.28 steal of June 2022 and the $0.5 Black Friday deal in October 2024.

On the technical front, a pesky descending white trendline has been playing goalie since the July 2025 high of $3.6. According to the analyst, a clean breakout above the $1.6‑$1.75 resistance zone could be the launch code for a moonshot toward $8.15. On the flip side, the sacred ascending white trendline—XRP's trusty safety net since 2020—sits between $0.73 and $0.85; losing that would turn the bullish thesis into confetti.

Fibonacci, the market's favorite mystic, still has a say. XRP found a temporary friend at the 1.414 level around $1.14, but the 1.618 zone near $0.9676 (a level that's basically the July 2023 peak's ghost) is still lurking as a potential target if the bottom hasn't finished printing.

For the long-term bag holders: after peaking at $3.31 in January 2018, XRP embarked on a soul-crushing journey to $0.11 by March 2020, only to rocket to $1.96 in April 2021. It then entered a years-long symmetrical triangle of boredom, which it finally escaped in November 2024. That breakout launched the price from about $0.5 to $3.4 by January 2025, essentially setting up the current ABC correction we're all enjoying.

The final call: keep the price above the $0.73‑$0.85 holy ground to keep the wave count from imploding, watch for a decisive break above $1.6‑$1.75, and the next leg up could theoretically yeet XRP toward the fabled $8.15 horizon.