XRP's price broke below a consolidation range that had held since February, dropping 6.1% in 24 hours to $1.16. The weekly close below the lower boundary near $1.26-$1.28 suggests sellers have seized control after months of sideways movement. The cryptocurrency now faces a test at $1.10, and if that fails, further downside could follow.
What the breakdown means
XRP had been trading between $1.26 and $1.55 since February. That sideways channel ended this week with a decisive move lower. A weekly close below the range is a technical signal that the trend has shifted in favor of sellers. The immediate support to watch is $1.10. If that level doesn't hold, analysts see a probable bottom zone between $0.75 and $0.95.
Accumulation zone emerges
Crypto Patel, a widely followed analyst, has flagged $1.10-$1.30 as an accumulation zone — a range where buyers might step in. A breakdown below that area, Patel argues, could create what they describe as a generational entry opportunity between $0.65 and $0.85. That's a wide band, and it assumes a deeper correction before a potential reversal.
Worst-case projection
The worst-case scenario puts XRP at $0.63. That target would erase nearly all of the bull-market gains the token has racked up since late 2023. It's a long way from here, but it’s the level some models point to if selling pressure continues unabated. The question now is whether buyers defend $1.10 — or let the slide run further into the projected $0.75-$0.95 zone.
