Add ZyCrypto News On GoogleXRP continued to trade sideways Tuesday as the crypto market struggled to recover from a turbulent week marked by widespread selling pressure. Notably, the coin has risen by nearly 1.5% over the past seven days, reflecting the broader decline in major digital assets amid weakening market sentiment and heightened volatility. The recent downturn has intensified bearish sentiment among investors, with many now fearing further downside before a lasting bottom forms. As prices remain significantly below previous highs, uncertainty has become a dominant theme across the XRP community. Meanwhile, analyst Crypto Patel argued that periods of extreme market fear often present the most attractive accumulation opportunities. He noted that while XRP trading far below its all-time high may look discouraging to retail investors, markets typically do not reward those who wait for sentiment to fully recover. He suggested that larger, more experienced market participants tend to quietly accumulate during these phases of widespread pessimism, while retail traders continue to panic-sell or position for further downside. The analyst identified a long-term accumulation zone between $1 and $0.60, while maintaining ambitious future price targets of $5 and $10. His comments resonated with many XRP supporters who view the current weakness as part of a broader market cycle rather than a permanent shift in the asset’s outlook. The growing discussion around “smart money” accumulation has become increasingly prominent on social media, highlighting the divide between investors focused on current market weakness and those positioning for a future recovery. Additionally, analyst Javon Marks reiterated that his bullish breakout outlook for XRP remains unchanged despite the recent market decline. He noted that the asset’s broader technical structure continues to support a potential long-term move toward the $15 to $18 range, suggesting that the current weakness has not invalidated his higher timeframe projection. According to him, such a move would imply gains exceeding 1,100% from current levels, underscoring the wide gap between today’s cautious market sentiment and the far more optimistic outlook held by some long-term bullish analysts. Furthermore, analyst ChartNerd highlighted that XRP’s historical bear market patterns provide useful context for the current cycle. According to the analyst, previous XRP bear markets have typically lasted between 400 and 790 days while recording declines of around 85% to 96%. By comparison, the current correction has lasted roughly 350 days and has seen XRP fall approximately 71% from its July 2025 all-time high. Elsewhere, ChartNerd argued that both the duration and severity of XRP bear markets appear to be decreasing over time. If that trend continues, the asset may be approaching a period where a major cycle bottom begins to form before the end of the year. Moreover, ChartNerd suggested that future market cycles could potentially target Fibonacci extension levels around $8, $13, and even $27. However, he emphasized that such projections are inherently uncertain and should be viewed as forward-looking analysis rather than financial advice. At press time, XRP was trading at $1.14, reflecting a 0.96% gain in the past 24 hours.
Ripple’s XRP Current Weakness May Be Final Accumulation Phase Before $8-$27 Cycle Targets, Say Analysts
Add ZyCrypto News On GoogleXRP continued to trade sideways Tuesday as the crypto market struggled to recover from a turbulent week marked by widespread selling pressure. Notably, the coin has risen by nearly 1.5% over the past seven days, r
Add ZyCrypto News On GoogleXRP continued to trade sideways Tuesday as the crypto market struggled to recover from a turbulent week marked by widespread selling pressure. Notably, the coin has risen by nearly 1.5% over the past seven days, r
- Notably, the coin has risen by nearly 1.5% over the past seven days, reflecting the broader decline in major digital assets amid weakening market sentiment and heightened volatility.
- The analyst identified a long-term accumulation zone between $1 and $0.60, while maintaining ambitious future price targets of $5 and $10.
- According to the analyst, previous XRP bear markets have typically lasted between 400 and 790 days while recording declines of around 85% to 96%.
- By comparison, the current correction has lasted roughly 350 days and has seen XRP fall approximately 71% from its July 2025 all-time high.
- Moreover, ChartNerd suggested that future market cycles could potentially target Fibonacci extension levels around $8, $13, and even $27.
What people are saying
Hot takes
Loading takes…
Comments
Discussion · 0
Sign in to comment, like, and save articles.
Sign inLoading comments…
