XRP Crashes 69% as Holders Realize ₱112.06 billion ($1.93 billion) Loss
Analyst Crypto Patel identifies a bullish accumulation zone between $0.86 and $0.66 following XRP's 69% collapse, arguing that record capitulation and key technical support create a high-probability reversal area.
Key Takeaway
Record capitulation at key support zone may signal bottom, but bulls need weekly close above $0.66.
XRP has plunged 69% from its recent high of $3.66 to $1.39, triggering panic across retail holders and logging ₱112.06 billion ($1.93 billion) in realized losses over a single week—the largest capitulation event since November 2022.
Analyst Crypto Patel outlined a bullish accumulation zone between $0.86 and $0.66, arguing that the combination of record capitulation and key technical support creates a high-probability reversal area. Patel described XRP as trading within a generational re-accumulation zone following a breakout retest and projects upside targets at ₱116 ($2), $3, $5, and beyond $10 if the accumulation zone holds. From the lower bound of that zone, XRP could deliver a near 10x move.
The price collapse follows a 50% drop to $1.58 in October 2025. Standard Chartered analysts had forecasted XRP exceeding $8 in 2026 due to improving regulations and spot ETF interest, but that call now hangs on support levels holding.
Patel warned that a weekly close below $0.66 would invalidate the bullish thesis and signal a structural breakdown. Unless that critical level fails, he said, the setup still favors a larger upside rotation rather than a trend reversal. The analyst referenced a prior 835% rally that followed a similar deep correction.
Ripple's legal clarity arrived in August 2025 when both parties withdrew appeals in the SEC lawsuit, with Judge Analisa Torres ruling XRP is not a security in retail transactions. The settlement cost Ripple ₱2.9 billion ($50 million), down from the SEC's ₱7.26 billion ($125 million) claim.
This article was written based on reporting from NewsBTC.
