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$XRP has retraced significantly from its cycle high, falling about 61% from the $3.66 peak as bearish forces take hold of the crypto market.
While the pullback has shaken sentiment, some analysts view the decline as a potential long-term opportunity rather than a breakdown.
Notably, $XRP dipped to $1.40 over the past day and has yet to recover, trading at $1.42 at press time.
Key Points
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$XRP is down 61% from its $3.66 peak, trading at $1.42 amid market bearishness.
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Analyst Patel sees $XRP in the first accumulation zone between $1.50–$1.30.
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A drop below $1.30 could open a “maximum opportunity” zone at $0.90–$0.70.
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Long-term target remains $10, with potential upside like the previous 600% rally.
$XRP Enters First Accumulation Range
Technical analyst Crypto Patel says the current structure closely resembles previous accumulation phases that preceded major $XRP rallies.
According to Patel, $XRP has now entered a first accumulation zone between $1.50 and $1.30 on the $XRP/USDT chart. He notes that this area aligns with prior support levels and a fair-value gap that historically has attracted buyers during market resets.
Currently trading at $1.42, $XRP sits within Patel’s first accumulation range. However, he does not recommend aggressive entries at this level. Instead, he suggests gradual accumulation as strong retracements often take time to form durable bottoms.
Deeper Pullback Could Open Larger Opportunity
Patel also outlines a secondary scenario if selling pressure continues. A breakdown below $1.30 could push $XRP’s price into a lower demand zone between $0.90 and $0.70, which he describes as a potential “maximum opportunity” for long-term positioning.
From a technical standpoint, this lower range overlaps with a previous accumulation zone that served as a launchpad for strong upside moves during past market cycles.
The High Price $XRP Could Target After a Breakout
Despite the near-term correction, Patel maintains a long-term price target for $XRP in the double-digit range. He argues that $XRP could bounce to $10 after the bearish trend fully plays out.
He says buying during deep dips offers better risk-reward than chasing prices near highs. “If the long-term target is $10, entries around $1.50 to $1 during hard dips provide much larger upside potential,” he explained.
Analyst Points to Prior 600% $XRP Rally
Patel also referenced his previous $XRP call during the last bear market, when he highlighted an accumulation zone near $0.50. Following that setup, $XRP eventually rallied to $3.66, delivering gains of over 600%.
Ultimately, with $XRP trying to stabilize after a major drawdown, he believes patience will be key, as new buyers could face more dips before the next explosive uptrend, similar to the one seen from November 2024 to January 2025.
What Other Analysts Say: “It’s a Process”
Technical analyst The Great Martis says $XRP’s ongoing decline could continue until it reaches $0.50—a drop of 83% from its peak. “It’s a process; let it process,” he said, stressing that the current phase is corrective following the explosive pump in 2024–2025.
On the other hand, CryptoBull sees a prolonged accumulation phase leading to $11 first and potentially as high as $70 over the years if historical patterns repeat.