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20 hour ago
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BULLISH 📈 : Traders view XRP decline as accumulation opportunity between $1-$1.20

XRP is currently down 58% from its all-time high. Analysts are suggesting this may be an accumulation phase rather than a trend break.

Key Insights on XRP Price Movements

  • Accumulation Zone: Crypto Patel identifies $1.50–$1.30 as the first accumulation zone. He advises staggered entries to preserve capital.
  • Price Risks: If XRP drops below $1.30, Patel suggests placing bids between $0.90–$0.70 for potential long-term gains.
  • Long-Term Target: Patel maintains a long-term target of $10, emphasizing disciplined entry points over headline targets.
  • Historical Context: Patel references a previous successful call where XRP rallied over 600% from $0.50 to $3.66.

XRP price analysis

Potential Bottom in March?

  • Chart Analysis by Charting Guy: Anticipates a bottom around $1.20 by March, supported by a multi-year rising trendline and Fibonacci retracements.
  • Fibonacci Levels: Key downside levels include 0.618 ($0.915) and 0.702 ($1.215), with a potential deeper move to $1.00.
  • Upside Extensions: Targets include 0.786 ($1.612), 0.888 ($2.274), and higher extensions up to 1.618 ($26.630).

At press time, XRP is trading at $1.3888.

XRP price chart