XRP Down 58% as Price Enters $1.50–$1.30 Accumulation Zone

XRP has experienced a sharp correction, declining approximately 58% from its peak and entering a historically significant accumulation range between $1.50 and $1.30. After a prolonged distribution phase, the asset is now consolidating near key support levels that have previously acted as foundations for major rallies. While downside momentum appears to be slowing, the market has yet to confirm a clear reversal.

Key Technical Levels and Market Structure

Primary Accumulation Zone ($1.50–$1.30)

XRP is currently trading within its first major accumulation zone, an area where buyers have historically stepped in to absorb selling pressure. This range has previously served as a launchpad for strong upside moves, making it a critical area to watch.

Although selling pressure has eased compared to earlier stages of the decline, price action remains neutral, with no confirmed trend reversal. Immediate resistance is located between $2.10 and $2.40, a zone that previously acted as support before flipping into resistance during earlier market cycles.

Secondary Accumulation Zone ($0.90–$0.70)

If the $1.30 support level fails, technical analysis points to a deeper accumulation zone between $0.90 and $0.70. This region aligns with prior consolidation and represents longer-term structural support.

A move into this lower zone would not necessarily invalidate the broader bullish structure. Instead, it would likely represent a continuation of the correction phase rather than a breakdown of the long-term trend.

Why This Matters

Large-cap altcoins such as XRP often act as indicators of broader market sentiment. Extended consolidation following a sharp drawdown typically signals a redistribution of liquidity, as stronger hands accumulate while weaker positions exit.

The outcome of XRP’s consolidation could influence short-term volatility across the altcoin market. A successful defense of current support may restore confidence, while a breakdown could reinforce a more cautious risk environment.

Outlook and Scenarios

If XRP holds above the $1.30 level, the market may begin to see renewed accumulation and a gradual push toward resistance in the $2.10–$2.40 range. A reclaim of these levels would significantly improve the technical outlook.

Conversely, a decisive break below $1.30 would likely send price toward the $0.90–$0.70 zone, testing long-term conviction. While upside projections remain visible on higher timeframes, they depend heavily on buyers defending these accumulation areas and reclaiming key resistance levels.

Analyst Perspective

XRP’s current position reflects a classic post-rally exhaustion phase. Historically, drawdowns of this magnitude are not unusual for the asset, and prior accumulation zones have often preceded major trend resumptions. Whether this pattern repeats will depend on how price behaves around the $1.30 support level in the coming weeks.

Source: Crypto Patel