The XRP price may have completed the correction that the bulls have been waiting for!

XRP prices are back to life, and analysts believe that the deep correction may be coming to an end.

XRP prices once again show signs of recovery. After experiencing difficult price swings in the past few weeks, XRP rose about 1.4% today and traded just below $1.40.

The chart provided by an analyst named Moe deserves attention, whose views we have not previously reported on CaptainAltcoin. Unlike typical daily or weekly settings, Moe's view of XRP has a longer-term perspective. He believes it is one-sided to view the decline since the 2025 high as evidence of the end of a larger bull market in XRP; instead, he believes this deep correction may be part of a bullish retest.

Moe believes the deep correction in XRP may be coming to an end.

Moe initially expected a further slight decline in XRP prices, but now he believes the support level on the three-month chart may hold. He pointed out that several technical factors occurred in roughly the same areas.

Most importantly, XRP has returned to near the important psychological level of US$1, which also overlaps with the main three-month support area. The chart shows that this area is approximately between $0.95-$1.05. During the current three-month K-line, XRP briefly dipped below $1, hitting as low as about $0.985, before rallying strongly.

Moe also pointed to what he called a "sweep of previous three-month lows." From a technical perspective, prices briefly fell below established lows and then rebounded above them. Traders sometimes interpret this behavior as running out of seller power or taking away liquidity from the previous low before reversing.

Another part of his argument is the emerging bullish engulfing pattern. XRP's current three-month K-line opens at around US$1.04, trading as low as about US$0.985, and has now recovered to the US$1.36 - 1.40 range. However, since the K-line has not yet closed, it is too early to conclude that the engulfing pattern has been confirmed. Moe himself acknowledged this, saying he would like to see the cycle finally close.

The XRP chart maps the key levels that bulls need to recover

The background of the Moe chart starts with the main resistance level that XRP finally breaks through during a strong rebound at the end of 2024. This front resistance ceiling is located around $1.90-$2.00. After breaking through that resistance, XRP briefly traded above $3, and then entered a deep correction, bringing the price back to near $1. This is why Moe's view of the decline is different from traditional bearish breaks: XRP first broke through a major multi-year barrier before returning to long-term support.

His chart then identified a series of lower highs that XRP needed to overcome, before which true long-term reversals could not be declared. The first important high was around $1.50-$1.60. This level is particularly relevant given that XRP is currently trading below $1.40.

Above it, another lower high area appears around $2.30 - 2.40, followed by a larger obstacle around $3.00 - 3.20. Breaking through these levels in turn will begin to disintegrate the bearish structure formed by XRP's decline from its 2025 peak.

Moe's green forecast path eventually extends into the double-digit range of around $13 - 15. This should be viewed as an illustrative bullish path rather than a confirmed XRP target price. The more useful part of the chart right now is whether XRP can defend the US$1 region and begin to recover those lower highs.

Regulatory developments: CLARITY bill may benefit XRP

In addition, XRP is facing an important regulatory development. Bill Morgan, a lawyer and XRP community figure, commented on the latest CLARITY Act text, arguing that under the current draft, XRPs traded on the secondary market will be considered crypto-goods regardless of how many XRPs Ripple holds.

This distinction is crucial because one of the most protracted debates surrounding XRP has been about Ripple's relationship to the token and whether the company's holdings will affect XRP's regulatory treatment. According to this latest draft, no matter how much XRP Ripple holds, it will be considered a crypto commodity in the secondary market.

Deal with it Bitcoin maxis
- bill morgan (@Belisarius2020) September 14, 2026

The broader CLARITY Framework aims to distinguish between digital goods and investment contracts and clarify how secondary market transactions are handled. Early congressional texts explicitly addressed the issue of secondary market trading in digital goods that may be initially issued as part of investment contracts.

Morgan's explanation is therefore of great significance to XRP holders, with one important difference: the bill has not yet become law. The Senate's September 15 vote is a cloture vote on the motion to continue and requires 60 votes to pass. If successful, the legislation will move further into the debate stage, but this will not be final.

The political situation is also constantly changing. The latest report states that President Trump has agreed to most terms of a bipartisan ethics proposal, although differences remain. Therefore, Morgan's view is best understood as an interpretation of the impact that current legislation may have on XRP if enacted, rather than as regulatory changes that have occurred.

XRP Price Outlook

Technical and regulatory stories are now gathering in an unusually important number of weeks for XRP.

Judging from the chart, US$1.30 - 1.35 is the primary area that bulls need to protect. Holding the area above can maintain the current recovery momentum and focus on around $1.50 - 1.60. Clearing the first lower high point is particularly important because it will provide early evidence that the structures identified by Moe are beginning to improve.

Above $1.60, XRP can turn attention to $1.90 - 2.00, followed by a larger $2.30 - 2.40 resistance area. These are more relevant near-term goals than the double-digit forecast that jumps directly to the Moe chart.

The bearish scene is equally clear. Losing $1.30 would weaken the recovery and increase the risk of testing levels near $1 again. A break below long-term support near $0.95 - 1.00 would cause serious damage to Moe's bullish arguments.

For now, XRP has not confirmed the huge reversal shown by the green arrow. But after falling briefly below $1 from above $3, the token has recovered to about $1.40 while maintaining the main three-month support level that Moe is closely watching.