XRP Price Prediction: After a 69% Crash, Is Another 835% Rally Next?

By Afe Funbi

Kraken

Key highlights:

  • The XRP price has fallen 69% from its recent peak and is now sitting right on a major multi-year support zone.
  • A $1.93B capitulation spike just hit the network, the kind of event that has often marked local bottoms in the past.
  • As long as price holds above $0.66, the bigger breakout-retest setup stays alive, with room to recover toward $2 and higher.

XRP has taken a serious hit. After peaking near $3.66, it’s now down about 69%, trading around $1.39 after losing the key $2 support level. That kind of drop naturally triggers fear. Social media is filled with panic, and many traders are calling for much lower prices.

But here’s where it gets interesting. This isn’t the first time XRP has gone through a deep correction after a major breakout. And the last time something similar happened, it was followed by a massive move higher. 

The bigger XRP picture most traders ignore

When you zoom out to the higher timeframe, the XRP price story changes completely. For years, XRP traded inside a broad accumulation range. Then it finally broke out, launched into an explosive rally of more than 800%, and topped out near $3.66. That move wasn’t random. It was the result of multi-year compression finally resolving upward.

Now price has come back down and is retesting what used to be the upper boundary of that long accumulation range. The demand zone between $0.86 and $0.66 previously acted as resistance for years. After the breakout, that same area became support.

This is what traders call a breakout-and-retest setup. Price breaks out, runs hard, then returns to test the breakout level before deciding what happens next. Crypto Patel believes the current structure looks very familiar, and potentially very important.

Right now, the XRP price is sitting right above that critical support zone. As long as it holds above $0.66 on a weekly close, the broader bullish structure is still technically alive. Lose that level, and the setup weakens significantly.

The capitulation factor

There’s another piece of the puzzle that makes this moment different. On-chain data shows Ripple just printed its biggest realized loss spike since November 2022, roughly $1.93 billion in weekly losses. That means a huge wave of holders sold at a loss during this drop.

Heavy capitulation events like this often mark emotional bottoms. When weak hands exit in panic, stronger hands quietly accumulate. It doesn’t guarantee a reversal, but historically these types of spikes tend to happen near major inflection points. So now the XRP price is testing multi-year support at the same time as a massive capitulation event. That’s not a small detail.

What comes next for XRP

The roadmap from here is actually very clear. If the XRP price continues to hold the $0.86–$0.66 demand zone, the next step would be reclaiming $2.00. 

That level used to act as support before the breakdown and now stands as the first serious hurdle on any recovery attempt. Above $2.00, attention shifts back to $3.00. If that level is reclaimed, longer-term targets include $5.00 and even $10.00 as part of the overall cycle.

On the flip side, if the price of XRP closes decisively below $0.66 on its weekly chart, the story of the breakout and retest begins to fall apart. That would mean the breakout failed and the structure needs to be reset.

CoinCodex’s three-month XRP price forecast shows it has the potential to reach around $1.54. This would mean XRP would remain in its current state of recovery, indicating it’s stabilizing over crucial support levels.

Source:: XRP Price Prediction: After a 69% Crash, Is Another 835% Rally Next?