$XRP Analyst Points to New Levels to Start Buying XRP as Price Drops 61% From Peak 💥
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
Price Drop: XRP is down 61% from its $3.66 peak, currently trading at $1.42. 📉
Accumulation Zone: Analyst Patel sees the first buy zone between $1.50–$1.30. 🧱
Maximum Opportunity: A drop below $1.30 could open a "prime" zone at $0.90–$0.70. 🎯
Long-Term Goal: Target remains $10, mirroring previous 600% rallies. 🚀
📊 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. He notes that this area aligns with prior support levels and a "fair-value gap" that historically attracts buyers during market resets. 🤝
Currently trading at $1.38, XRP sits right within this range. However, Patel does not recommend aggressive entries yet. Instead, he suggests gradual accumulation (DCA) 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. 📉
He describes this as a potential “maximum opportunity” for long-term positioning. From a technical standpoint, this lower range overlaps with a previous launchpad zone that fueled massive upside moves in past cycles. 🛫
