XRP looks very bearish from the outset after it lost major levels; however, an analyst spotted that XRP is about to retrace into an accumulation zone. According to historic data, when XRP slides into these levels, the price has spiked by more than 800%.
XRP is once again nearing an accumulation zone, and it is likely that it could go through a pullback. However, according to historic data, XRP’s pullback has produced massive spikes, and the community is expecting the same this time around.
XRP loses $1.30 support after 3 months
XRP, which is trading at $1.21 after losing nearly 6% of its value within the last 24 hours, has not just crashed but also lost an important support level. The $1.29 was a support level that the bulls had been defending fiercely since February of this year. Every single time a sell-off close to $1.50 would occur, the prices would crash; XRP could always rely on this support level.
Even after facing repeated rejections near the $1.50 region, buyers consistently stepped in around this zone, preventing a deeper correction and reinforcing market confidence. The more times a support level withstands attacks from sellers, the more significant it becomes in the eyes of traders.
This prolonged defense also indicates that large market participants were willing to accumulate XRP at these prices. Rather than allowing the token to break down, demand repeatedly outpaced supply near $1.29, creating a strong foundation for future upside moves. However, now that XRP has tumbled below this level, the market is confused about what the future holds for the coin.
XRP enters consolidation phase on the weekly chart
Even on the weekly chart, the current situation for XRP does not look good. The coin has been crashing since it hit values above $3 back in July 2025. The coin kept on crashing until it reached the 1.30 level in 2026. Now that it has reached this level, it has been consolidating for the past five months.
However, currently the coin has lost this major support level, which is at the $1.30 level, and there seems to be nothing much positive to discuss about the coin.
Analyst sees XRP’s silver lining
Nonetheless, a crypto netizen who goes by the pseudonym Crypto Patel observed something that was totally different from what was visible on the chart. According to Patel, there are two major accumulation zones, and whenever the price crashes and falls to the lower accumulation level, the price makes a stunning recovery.
The analyst, going back to historic data pointed out that the last time that the XRP price tanked to the second accumulation zone, there was a major rally which skyrocketed the prices by 800%+
With the price of XRP currently loitering near the first accumulation and about crash below, Patel spotted a buying opportunity, seeing that XRP could go through a pullback. As such, Patel recommended the current accumulation zone as $1.30-$1.10. The analyst believes that in the long term that the prices could reach values above $5.