XRP is down roughly 58% from its all-time high and is trading near $1.30, a key level traders are monitoring for accumulation signals.
XRP has fallen about 58% from its recent all-time high, and the drop has drawn attention across the crypto market.
Traders and analysts are now closely watching price behavior near key support levels, as volatility remains high and broader market pressure continues.
XRP Price Decline Brings Focus to Key Support Levels
XRP is currently trading in a lower range after a sharp correction from its peak.
Market data shows the token has moved into a zone between $1.50 and $1.30, which many traders track as a potential accumulation range.
This level has acted as support during previous market cycles. As a result, trading activity has increased near this range, while volumes suggest cautious positioning rather than aggressive buying.
Analysts note that price action around $1.30 could shape short-term direction.
A sustained hold above this level may reduce downside pressure, while a breakdown could open lower ranges.
Lower Price Zones Remain in Focus if Support Fails
If XRP moves below $1.30, attention may shift to deeper price zones. Market watchers are monitoring levels between $0.90 and $0.70, which previously attracted buying interest.
These lower zones align with historical consolidation periods. During past market downturns, XRP spent extended time trading in similar ranges before recovering.
Price movement into these areas would likely reflect broader market weakness.
Bitcoin and Ethereum trends continue to influence XRP performance, as correlation remains high across major digital assets.
Historical Price Cycles Shape Current Market Outlook
During the last major bear market, XRP traded near $0.50 for an extended period.
After that phase, the token rallied to a peak near $3.66, based on historical chart data.
That previous cycle is often referenced by market participants when evaluating current price conditions.
However, analysts stress that past performance does not set a fixed path for future moves.
Market structure, liquidity conditions, and regulatory developments differ from earlier cycles.
These factors may affect how XRP responds to current support and resistance levels.
Related Reading: BofA Reveals XRP ETF Exposure in New Filing, Signaling Institutional Interest.
Broader Market Conditions Continue to Influence XRP
XRP’s recent decline has occurred alongside wider weakness in digital asset markets.
Bitcoin and other large-cap tokens have also seen price corrections, which has added selling pressure.
Macroeconomic factors, including interest rate expectations and risk sentiment, remain important drivers.
As a result, XRP price movements are not isolated from broader trends. Traders continue to monitor technical indicators, volume changes, and market structure.
Price behavior around $1.30 is expected to remain a key reference point in the near term. The current phase reflects a period of adjustment rather than clear direction.
Market participants remain focused on price stability and confirmation signals before making larger positioning decisions.
Source: https://www.livebitcoinnews.com/xrp-at-1-30-why-this-58-crash-could-set-up-the-next-big-move/
