- Historical patterns suggest further decline for XRP before an expected rally.
- Analyst thinks XRP will drop below $1 before reversing upward.
- XRP’s latest decline is part of a broader crypto market pullback.
According to a cryptocurrency analyst posting on X, XRP will drop below $1 before resuming its upward direction.
XRP’s Price Will Drop Further Despite Bullish Sentiment
In his latest post, the analyst acknowledged the bullish sentiment within the XRP community. However, he used the cryptocurrency’s historical pattern to reveal why he thinks the altcoin will decline further before reversing.
According to data from TradingView, XRP traded for $1.407 at the time of writing, reflecting a 61% decline from its all-time high of $3.666. Meanwhile, the cryptocurrency fell below this level last week, dropping to $1.118, representing a $70% maximum drawdown since achieving its latest all-time high.
Related : XRP Leads Crypto Market With Double-Digit Surge After Sharp Sell-Off
In the meantime, the analyst noted the XRP Army’s bullish expectations for the cryptocurrency. He expressed his reluctance about the cryptocurrency achieving the highly expected $10 target, even in the next altcoin season. According to him, XRP will most likely retest the $1 region and possibly drop lower before heading north.
Technical Indicators Align With Historical Pattern
Considering XRP’s historical pattern from 2017, the crypto analyst predicts a drop even below the $1 landmark. He foresees the cryptocurrency dropping to the $0.70-$0.50 region, which he considers ideal for accumulation. Although he doesn’t see XRP repeating the 96% drawdown of several years ago, he is almost certain of a corrective retracement below $1.
In the meantime, technical indicators, including the Fibonacci retracement on the weekly timeframe, align with the analyst’s consideration of the $1 region as a potential support for XRP. The cryptocurrency’s latest decline reflects more alignment, as XRP bounced off that price region, while establishing a yearly low at $1.118.
Meanwhile, it is crucial to note that the latest price crash was not peculiar to XRP, as nearly the entire cryptocurrency market experienced a massive pullback. Bitcoin declined 24% last week, dropping below $60,000 for the first time since October 2024. That caused the cryptocurrency to lose over 52% of its value since reaching an all-time high of $126,272 in October 2025.
Related : XRP Price Prediction: XRP Faces Renewed Downside Risk Despite Sharp Relief Bounce
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Source: https://coinedition.com/xrp-will-drop-below-1-before-embarking-on-the-expected-rally-to-10-analyst/
