Is The XRP Backside In? Merchants Pin The Ground Between $1.20 And $1.00

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Is The XRP Backside In? Merchants Pin The Ground Between $1.20 And $1.00

XRP is down 58% from its all-time excessive, and two common chart-focused accounts on X are framing the drawdown as a possible accumulation window somewhat than a development break.

How Low Will XRP Value Go?

Crypto Patel (@CryptoPatel) told followers on Feb. four that XRP/USD has “entered our first accumulation zone at $1.50–$1.30.” In his publish, he urged staggered entries somewhat than making an attempt to time a single backside. “Begin shopping for slowly at these ranges, no rush, simply regular accumulation,” he wrote, positioning the transfer as capital-preservation after what he described as an earlier name highlighting a “backside accumulation zone.”

XRP price analysis
XRP worth evaluation, 2-week chart | Supply: X @CryptoPatel

On the chance aspect, Patel tied his subsequent resolution level to the $1.30 degree, suggesting a deeper set of bids if that ground breaks. “If XRP breaks under $1.30, place your entry bids between $0.90–$0.70,” he wrote. “However right here’s the factor — if worth hits that zone, it may very well be the most effective long-term accumulation alternative for optimum income.”

Associated Studying

He added that his “long-term goal stays $10,” arguing that entry self-discipline issues greater than headline targets: “Shopping for at $Three or $2? Not supreme in my opinion. If the goal is $10, why not goal for entries at $1.50–$1 throughout arduous dips for a lot greater returns?”

Patel additionally leaned on his prior public name as proof of a repeatable framework. He mentioned he shared an XRP setup at $0.50 within the final bear market and that XRP later rallied to $3.66, which he characterised as “over 600% revenue.”

XRP Backside In March?

A separate post from Charting Man framed the selloff much less as a brand new regime and extra as a well-known cycle construction. “XRP repeating 2021, backside in march roughly round $1.20 imo,” he wrote, including: “possibly wick to $1 to scare the hoes. The bear market is nearly over.” When requested immediately by one other person—“Bear market ends in march?”—Charting Man replied: “yep.”

In Charting Man’s weekly XRP/USD chart, the roadmap is framed round a rising multi-year trendline and a Fibonacci ladder drawn throughout the transfer, with a number of of these Fib ranges clustering proper the place he expects a March low.

XRP price analysis
XRP 1-week chart | Supply: X @ChartingGuy

On the retracement aspect, the chart labels the important thing draw back bands at roughly 0.618 ($0.915) and 0.702 ($1.2149), with extra ranges under at 0.5 ($0.615) and 0.382 ($0.413). Charting Man’s “backside in March roughly round $1.20” strains up virtually immediately with the 0.702 Fib (~$1.215), whereas his “possibly wick to $1” remark factors towards a deeper flush into the area between $1.00 and the 0.618 Fib (~$0.915).

Associated Studying

What makes that zone greater than only a horizontal degree on his format is the trendline confluence. The inexperienced, rising trendline he’s drawn from the 2020–2022 base is proven catching worth into early March (his vertical marker sits round Mon 02 Mar ’26), with the trendline successfully rising into the identical $1.00–$1.20 neighborhood.

In different phrases, his implied “March backside” isn’t only a date name, it’s a confluence name: trendline help rising into the 0.702 retracement space, with room for a volatility wick nearer to the 0.618 if the market tries to force capitulation.

Above spot, the chart additionally exhibits the upside Fib extensions he’s utilizing as reference factors: 0.786 ($1.612), 0.888 ($2.274), and the prior swing reference round 1.0 ($3.317), with higher extensions marked at 1.236 ($7.349), 1.272 ($8.297), 1.414 ($13.389), and 1.618 ($26.630).

At press time, XRP traded at $1.3888.

XRP price chart
XRP might unfastened the 200-week EMA, 1-week chart | Supply: XRPUSDT on TradingView.com

Featured picture created with DALL.E, chart from TradingView.com

Jake Simmons Read More