XRP Fell Nearly 70% — Could History Repeat With An 835% Surge?
A sharp drop in XRP has rattled short-term holders, but some onlookers warn the sell-off may be setting a base for a much larger rebound. Reports say the token slid hard after peaking last year, and a mix of on-chain metrics and chart patterns has traders weighing whether this is panic or opportunity.
When BTC retreats, altcoins often fall harder, and XRP was no exception. The interplay between Bitcoin’s price action and altcoin flows is a practical reminder that macro moves still matter even when token-specific stories dominate headlines.
Reports have recorded quick selling from short-term holders after price broke below $2, a psychological level many treated as support. That drop accelerated the move to near $1.11 in early February, which represented close to 70% drawdown from the cycle top.
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What Traders Are Watching Next
A slice of the market exited positions in frustration. Those exits show up cleanly on-chain as realized losses, which can mark the final wave of sellers before stability returns.
From a technical view, staying above the lower bound of the $0.65 to $0.85 band on longer timeframes would be taken as constructive by many.
If that holds, a phased recovery could bring prior resistance levels back into play — around $2, then $3, and beyond.
Featured image from Gemini, chart from TradingView
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