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XRP’s recent price fall has worried many investors, but fresh chart analysis hints the move may not be the end of the cycle. Even after slipping below key levels, XRP is still behaving in a way that has historically led to strong rallies.
According to analyst Egrag Crypto, on the monthly chart, XRP recently tested an important support zone around $1.60–$1.61, with the lowest dip reaching near $1.50. Despite this drop, XRP managed to close the month above $1.60 and started February near $1.66, showing that buyers are still active around this level.
This area matters because it has acted as a key turning point in past market cycles. The recent dip appears to be a liquidity grab, a phase where prices briefly fall to shake out weak positions before the next big move.
Two Possible Paths From Here
Market history shows two common outcomes after similar setups:
First path: XRP sees a short-term bounce, then dips once more to test lower levels, before starting a stronger upward move.
Second path: XRP skips the second dip and begins rising directly, similar to earlier cycles.
In past rallies, XRP delivered massive gains even without a full bull market:
- In the 2021 cycle, XRP rallied about 340%, which would point to a price near $7 from current levels.
- In the 2017 cycle, XRP surged nearly 1,600%, which would imply much higher long-term targets.
Why a Breakdown Is Not “Game Over”
A monthly close below $1.60 would confirm weakness in the broader trend. However, history shows that XRP’s strongest rallies often happen during bearish or corrective phases, not during clear bull markets.
Such breakdowns usually come with:
- Fear-driven selling
- Forced exits
- A reset phase before larger moves begin
These conditions have previously set the stage for sharp recoveries.
The $7 Target Explained
If XRP continues to hold key structural levels and follows a pattern similar to the 2021 cycle, a 340% recovery would place XRP around $7. Analysts note that these moves are driven by market structure, not sentiment, and often start when confidence is at its lowest.