XRP reached an all-time high of $3.65 on July 18, one year ago, before entering a prolonged correction that has tested investor conviction. Market analyst ChartNerd stated that this pullback follows XRP's historical pattern of suffering more than 70% corrections after previous market tops, which have typically evolved into accumulation phases before new bullish cycles. The cryptocurrency is currently trading at $1.10 according to CoinCodex data, with spot XRP ETFs having accumulated nearly $1.5 billion in inflows despite the extended correction. ChartNerd believes XRP is trading within a historical accumulation range that has previously preceded explosive upside. This correction phase aligns with the classic market cycle of distribution, correction, accumulation, and markup that XRP has demonstrated in past cycles.
ChartNerd Identifies Historical Accumulation Pattern in XRP Correction
ChartNerd points out that XRP has repeatedly suffered more than 70% corrections after previous market tops. The analyst stated that these steep declines have typically evolved into lengthy accumulation phases, periods when long-term investors quietly absorb supply before a new bullish cycle begins. This pattern aligns with the classic market cycle of distribution, correction, accumulation, and markup. As volatility cools and retail interest fades, stronger hands tend to accumulate, creating the conditions for the next expansion.
Based on XRP's current structure, ChartNerd believes the asset is once again trading within a historical accumulation range that has previously preceded explosive upside. Fibonacci extension levels project long-term price targets between $8 and $27 if XRP breaks out of its current range, reflecting the potential upside should XRP clear major resistance levels amid growing institutional adoption and greater regulatory clarity.
Analyst Diana Outlines Key Technical Levels for XRP Price Action
Analyst Diana stated that the key battleground remains $1.08, a support level XRP has continued to defend despite persistent selling pressure. With the cryptocurrency trading at $1.10 per CoinCodex data, price remains compressed beneath a descending trendline.
According to Diana, a sustained breakout above $1.10-$1.12 would mark the first meaningful bullish signal, with $1.145 needing to flip into support before XRP can target $1.20 and eventually the crucial $1.30 resistance zone. However, a loss of $1.08 could trigger one final flush toward the $0.90-$0.87 liquidity zone before a broader reversal unfolds.
Spot XRP ETFs Accumulate Nearly $1.5 Billion in Inflows
Despite the extended correction, institutional interest has remained resilient. Spot XRP ETFs have accumulated nearly $1.5 billion in inflows, underscoring continued confidence from larger investors even as retail sentiment has cooled.
FAQ
What price did XRP reach one year ago?
XRP reached an all-time high of $3.65 on July 18, one year ago, capping one of the strongest rallies in its history.
What technical levels are analysts monitoring for XRP?
Analyst Diana stated that $1.08 remains the key support level XRP has continued to defend. A sustained breakout above $1.10-$1.12 would mark the first meaningful bullish signal, with $1.145 needing to flip into support before XRP can target $1.20 and the $1.30 resistance zone. A loss of $1.08 could trigger a move toward the $0.90-$0.87 liquidity zone.
How much have spot XRP ETFs accumulated in inflows?
Spot XRP ETFs have accumulated nearly $1.5 billion in inflows despite XRP's extended correction, underscoring continued confidence from larger investors.
