Tldr:
- XRP is trading at $1.13 after a sharp 68% decline from the previous cycle’s peak of $3.66.
- 24-hour trading volume increased by 4.83%, bringing total activity to $868.27 million.
- Trader Diana points to the $1.10-$1.30 area as a major accumulation area on the weekly chart.
- Cryptollica says this XRP wipeout has only happened twice before in 13 years.
XRP It traded at $1.13, down 1.06% in 24 hours. Trading volume reached $868.27 million, an increase of 4.83%.
The token is now down 68% from its session high of $3.66. This height was determined during the previous height phase. The pullback has reset the expectations of social media traders.
XRP price holds the support area after a sharp correction
The range from $1.10 to $1.30 became a pivot point for traders. Crypto commentator Diana, who posts as @InvestWithD on X, said this area represents an accumulation zone. She said the broader weekly chart structure was still pointing upward despite the decline.
Diana identified several upside levels in her post. She cited $2.00 to $2.50 as the first resistanceAnd $3.66 as a retest of the previous session’s high. Additionally, it highlighted the $5.00 to $6.00 price area as a potential price discovery range.
It also set $8.17 as a Fibonacci extension target. Another level near $17.15 appeared in her post as a projection of the long-term channel. Diana described between $0.40 and $0.60 as a deeper macro support area in case the current range fails.
Separately, an account posted on behalf of @cryptolica Frame the current setting differently. The post claimed that XRP has only seen this level of decline three times in 13 years. He pointed out that previous cases of extreme pessimism preceded subsequent rallies.
Trading activity reflects mixed sentiment among stockholders
The circulating supply of XRP reaches 62.05 billion Symbolsagainst a maximum supply of 100 billion. The total supply is $99.98 billion. The token’s fully diluted valuation has reached $113.44 billion based on the current price.
The number of active address holders data specifies 536,410. This figure provides a quick snapshot of the distribution across network. Trading volume relative to market capitalization reached 1.23% over the past day.
Neither Diana nor Cryptolica cited specific on-chain metrics to support their predictions. Their publications relied on chart pattern interpretation rather than fundamental data. Social sentiment around XRP fluctuated during the corrective phase.
Price action The coming sessions may test whether the $1.10 low holds. Traders who follow the accumulation theory watch this range closely. Others remain cautious given the size of the recent decline.
