XRP Holds Key Support After 68% Drop, Traders Eye Next Move

XRP has declined 68% from its cycle peak of $3.66 to trade at $1.13, though it is holding key support levels. Traders identify the $1.10–$1.30 range as a critical accumulation zone, while elevated 24-hour trading volume suggests growing market interest at these depressed price levels.

XRP's sharp 68% pullback from $3.66 represents a significant correction that tests investor conviction in the asset. The fact that the token is holding support rather than collapsing further indicates institutional or retail accumulation at lower prices, a pattern typical in mature bear markets transitioning toward recovery phases. Trading volume surges of 4.83% reaching $868.27 million suggest that despite negative price action, liquidity providers and traders remain engaged, potentially positioning for a reversal.

The identification of $1.10–$1.30 as a key accumulation zone by traders Diana and Cryptollica reflects technical analysis of weekly charts where historical support and resistance levels cluster. Cryptollica's observation that similar washouts have occurred only twice in 13 years contextualizes the current decline as a rare but cyclical event in XRP's history, suggesting the token may possess structural resilience during extreme downturns.

For the broader XRP ecosystem, these price levels matter because they determine whether long-term holders capitulate or whether the decline stabilizes into a basing pattern. Lower prices typically trigger protocol engagement and development activity as valuations become more attractive for venture funding and community participation. However, the lack of bullish narrative catalysts in this article means recovery remains uncertain.

Traders should monitor whether volume sustains at current levels and whether price action respects the identified support zone. A break below $1.10 would invalidate the accumulation thesis and signal further downside, while a bounce to $1.30–$1.50 would suggest the washout phase is concluding.

• →XRP trades at $1.13 after a 68% decline from its $3.66 cycle peak, establishing a critical test of support
• →The $1.10–$1.30 range represents a historically significant accumulation zone on weekly timeframes
• →Trading volume increased 4.83% to $868.27 million, indicating active participation despite falling prices
• →Similar washouts have occurred only twice in 13 years, suggesting the current decline is rare but cyclical
• →Price action at support levels will determine whether the correction stabilizes or accelerates further downward