The asset has dropped nearly 13% over the past week and is down 6.78% in the past 24 hours, according to market data.
Crypto analyst Michaël van de Poppe highlighted that XRP lost a critical support level, triggering a deeper retracement. He identified the $2.40–$2.60 range as an area of high interest for potential accumulation. According to his outlook, this zone could set the stage for a fresh upward move once the correction finds a floor.
The current downturn follows a strong rally earlier this year, which propelled XRP to multi-year highs. While momentum has cooled, market watchers suggest that a pullback into the identified range could present an opportunity for long-term investors before the next potential surge.
If buyers return in force at these levels, analysts believe XRP could resume its upward trajectory in the coming months. However, failure to hold above the support zone may open the door to further downside pressure.
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