Down 60% From All-Time High, Analysts Say XRP Is a Buy Before $10

▲ XRP / AI-generated image

XRP has plunged more than 60% from its all-time high, spreading fear among investors. However, some in the market view this downturn as the final opportunity to buy at the bottom before a push toward the $10 milestone.

On February 19 (local time), cryptocurrency media outlet The Crypto Basic reported that XRP’s current price movement closely resembles past decline patterns seen just before major bull runs and has technically entered oversold territory. Analysts noted that as XRP has undergone a significant correction from its peak, an attractive entry range has formed for long-term holders. Strong support levels around $1.40 and $1.30 are considered key defenses against further declines.

The Relative Strength Index (RSI), a technical indicator, is currently hovering near 30, suggesting the market is in an extremely undervalued state. Historically, whenever the RSI has fallen to this level, a strong rebound has followed, often interpreted as a signal of institutional accumulation. The Moving Average Convergence Divergence (MACD) indicator is also narrowing its losses, increasing the likelihood of a golden cross and raising expectations for a short-term trend reversal.

Market optimists believe that after this correction, XRP will begin a full-scale rally toward $10. Expanding adoption of Ripple’s cross-border payment solutions and various decentralized finance projects built on the XRP Ledger are supporting fundamentals. Additionally, institutional changes such as the U.S. crypto market structure bill (CLARITY) are expected to accelerate capital inflows from institutional investors, serving as a powerful catalyst for a reevaluation of XRP’s value.

Despite Bitcoin’s volatility, XRP has continued to expand its own ecosystem, demonstrating resilience. Recent signs that large whale addresses are moving substantial holdings off exchanges indicate that selling pressure is gradually easing. While retail investors panic and sell, major capital appears to be absorbing supply in preparation for the next bull market and long-term gains.

XRP’s price correction is a necessary process to remove market froth and lay the foundation for a healthier uptrend. Although the current 60% decline is painful for short-term investors, it could represent a historic opportunity for those targeting the ambitious $10 price level. Ultimately, as market uncertainty subsides and regulatory clarity improves, XRP is expected to deliver strong performance as a leading asset in the cryptocurrency market.

Disclaimer: This article is for investment reference only, and no responsibility is taken for investment losses based on this content. The information provided should be interpreted solely for informational purposes.