XRP Falls 68% From Previous Cycle High, Drops to $1.13
XRP fell 1.06% over the past 24 hours, trading at $1.13. Despite the price decline, trading volume increased by 4.83% to $868.27 million.
The latest pullback leaves XRP down around 68% from its previous cycle high of $3.66.
Key Support Zone in Focus
Market attention is now centered on the $1.10–$1.30 range. Crypto analyst Diana described this area as a key accumulation zone on the weekly chart.
According to Diana, although XRP has experienced a sharp selloff, the broader market structure still points to a bullish long-term trend.
She identified the $2.00–$2.50 range as the first major resistance level. Beyond that, the previous cycle high of $3.66 will be a crucial level to watch for a potential retest.
If bullish momentum continues, XRP could enter the $5.00–$6.00 range, a zone that may mark the beginning of price discovery.
Diana also highlighted a Fibonacci Extension target of $8.17. In a more optimistic long-term scenario, she projected that XRP could eventually climb to around $17.15.
However, if the current support fails to hold, she believes XRP could decline further toward the $0.40–$0.60 range, which she considers a major macro support area.
Analysts Remain Divided
Another crypto analyst, Cryptollica, noted that a selloff of this magnitude has occurred only three times in XRP’s 13-year history.
According to the analyst, previous periods of extreme market pessimism were eventually followed by strong price rallies. However, past performance does not guarantee similar outcomes in the future.
XRP Supply and Network Activity
XRP currently has a circulating supply of 62.05 billion tokens, with a total supply of 99.98 billion and a maximum supply of 100 billion tokens.
At its current price, XRP’s fully diluted valuation (FDV) stands at approximately $113.44 billion.
Meanwhile, the XRP network recorded 536,410 active addresses. Over the past 24 hours, trading volume accounted for about 1.23% of the asset’s total market capitalization.
Both Diana and Cryptollica based their outlook primarily on technical chart patterns rather than on-chain metrics. As a result, investors are closely watching whether XRP can hold above the $1.10 support level, which is expected to play a key role in determining the token’s short-term price direction.
