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XRP remained under pressure alongside the broader crypto market, as Bitcoin lost its key $70,000 support level during Tuesday’s risk-off trading session.
The decline was driven by weakening macroeconomic conditions and a broader pullback in investor appetite for speculative assets, triggering widespread selling across major digital tokens.
Notably, XRP’s weakness came just after crypto analytics platform Santiment reported heightened exchange activity around XRP.
On Saturday, the firm noted a sharp inflow of 22.8 million XRP into exchanges, followed shortly after by a larger outflow of 25.24 million tokens. According to onchain data, the movement coincided closely with a local price bottom, suggesting that retail selling pressure peaked just before a modest rebound.
Despite the downturn, several market analysts remain optimistic about XRP’s longer-term outlook, arguing that current prices represent a key accumulation zone and describing the asset as trading at “dirt-cheap” levels from a technical perspective.
 
According to popular analyst Javon Marks, XRP’s future is deemed highly positive. In a post on X Tuesday, he highlighted a multi-year chart showing recurring falling wedge patterns and historical “false breakdowns,” noting that a breakout from the current compression could deliver a 10x gain from XRP’s current trading level near $1.27.
“XRP’s target remains above $15, and a shift looks to be nearing. That is a more than 1,000% increase…,” he wrote.
Additionally, analyst “Cryptollica” highlighted XRP’s monthly Relative Strength Index (RSI), noting it has entered what he describes as a “deep reset” oversold zone, a condition that has appeared rarely during the token’s 13-year history.
Previous instances occurred ahead of major market turning points, including the run-up to XRP’s 2017 breakout, the pandemic-era market recovery in 2020, and the crypto bear market bottom in 2022.
The latest occurrence thus marks the fourth time the indicator has reached such depressed levels, leading some analysts to speculate that another significant cycle transition may be underway.
Meanwhile, analyst CryptoPatel highlighted XRP’s broader accumulation structure, noting that a previous consolidation phase ultimately preceded an 835% rally. He believes the current two-week chart presents a similar setup following a 66% correction from the asset’s all-time high.
According to him, XRP is trading within a key accumulation range between $1.10 and $1.30. A break below that zone could expose support between $0.85 and $0.65, which he described as a potential “generational entry” area for long-term investors, with upside targets of $5, $10, and $15.
At press time, XRP was trading at $1.12, reflecting a 3.70% surge in the past 24 hours.