XRP fell more than 7% over the past week, dipping below the psychological $1.00 mark and hitting a 21-month low. The slide has split the trading community, with some calling for a further collapse and others pointing to a potential buy signal.
The $1 breakdown
The drop below $1.00 is the headline number. It's a level that tends to attract attention, and this time it's brought out the bears. Crypto Bitlord claimed the asset is 'basically dead' and needs a fork. That's a strong take, but not everyone agrees.
User Diana projected a drop to $0.86 if the price breaks below $1. But she also noted that a strong reaction and a reclaim of $1.036 could trigger a relief bounce. So the next few sessions matter.
A fork, a floor, and a bounce
ChartNerd took a middle path, saying XRP must reclaim the $1.02-$1.06 range or it is likely to head further south. That range is now the line in the sand. Hold it, and the narrative shifts. Lose it, and the bears keep control.
The fork talk from Crypto Bitlord isn't new, but it adds noise to an already nervous market. Forks are messy, and the community doesn't seem in the mood for another one.
Whales and a buy signal
Ali Martinez offered a counterpoint. He revealed that large investors accumulated over 380 million XRP, worth nearly $400 million, in seven days. That's a big bet by any standard.
Martinez also said XRP's TD Sequential indicator on a monthly scale flashed a buy signal. Previous occasions, he noted, preceded a triple or quadruple price surge. But he earlier outlined $1.06 as a critical level, predicting a massive collapse to $0.62 if the price slips under it. That's exactly what happened.
So the same analyst who sees a buy signal also flagged the level that just broke. The tension between those two calls is the whole story right now.
The next concrete thing to watch is whether XRP can get back above $1.02. If it does, the relief bounce scenario gets real. If not, the $0.86 target and the $0.62 collapse talk will only get louder.
