🎉 Gate xStocks Trading is Now Live! Spot, Futures, and Alpha Zone – All Open!
📝 Share your trading experience or screenshots on Gate Square to unlock $1,000 rewards!
🎁 5 top Square creators * $100 Futures Voucher
🎉 Share your post on X – Top 10 posts by views * extra $50
How to Participate:
1️⃣ Follow Gate_Square
2️⃣ Make an original post (at least 20 words) with #Gate xStocks Trading Share#
3️⃣ If you share on Twitter, submit post link here: https://www.gate.com/questionnaire/6854
Note: You may submit the form multiple times. More posts, higher chances to win!
📅 July 3, 7:00 – July 9,
XRP’s Market Cycles Reveal a Golden Buying Opportunity, Will History Repeat Itself?
XRP's price follows a cycle of sharp surges and deep drops, often creating prime buying opportunities for long-term investors.
If historical trends hold, XRP could dip further before another rally, making $2.48 a critical support level to watch.
Market volume at key levels signals strong activity, reinforcing the likelihood of another major move after the current retracement.
XRP has shown a consistent pattern of sharp rallies followed by deep corrections. According to crypto analyst Egrag Crypto, XRP's price movement mimics previous market cycles. In July 2023, XRP experienced a 230% surge, followed by two declines of 54.65% and 59.73%. These corrections provided major buying opportunities for investors. Based on historical trends, the current market setup could present another opportunity for accumulation.
XRP’s Market Cycles Indicate a Recurring Pattern
XRP's price history suggests a repeating pattern of sharp surges and steep retracements. In early 2025, XRP surged to $3.70 before experiencing a 47.97% correction to $1.63. Consequently, a further decline of 54.65% could push the price to $1.54. A deeper drop of 59.73% might bring XRP to $1.37.
Source: Egrag Crypto
Moreover, these retracements align with past corrections, highlighting a structured market movement. Besides, strong trading volume at key levels suggests increased market activity. If history repeats itself, XRP holders may witness another massive buying window before the next major move.
Support and Resistance Levels Define Key Market Zones
The technical analysis highlights resistance and support levels crucial to XRP’s price action. The green horizontal lines in the chart represent previous peak levels before corrections occurred. Moreover, the current price holds above $2.48, showing resilience at key support zones. However, a break below this level could trigger deeper declines.
XRP’s previous corrections followed a similar percentage pattern, reinforcing historical consistency. Hence, if another correction occurs, traders might expect similar retracement percentages. Additionally, maintaining the $2.48 support is crucial for a bullish continuation.
The post XRP’s Market Cycles Reveal a Golden Buying Opportunity, Will History Repeat Itself? appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.