XRP 73% Crash May Be Setting Up Its Next Massive Rally: Is $11 Possible?

XRP price has fallen nearly 73% from its July 2025 all-time high, but analysts are pointing to signs that the coin may be entering a major bottoming phase.

On Tuesday, XRP briefly touched $0.9916, marking the first time it had traded below $1 since 2024. The latest cycle implies that XRP is now down 72.96% from its record high of $3.66.

Meanwhile, it had recovered slightly to around $1.01 at press time. On X, analyst Ali Martinez said the XRP price correction since last year has pushed XRP into deeply oversold territory, while fresh technical buy signals are beginning to emerge.

Analysts Watch Long-Term XRP Support

ChartNerd, who accurately called for XRP to fall below $1 in June, said the coin’s technical structure remains intact.

He pointed to XRP’s six-year ascending support floor, arguing that the current retracement is bringing the token toward a historically important reversal zone. ChartNerd highlighted the possibility of a “third retest” in the $0.70 to $0.90 range.

Previous instances of major corrections saw XRP rebound 10X, 2.3X, and 6.9X. Accordingly, ChartNerd speculates that another massive rebound could take XRP to $11, which is an 11X upside from the current level.

“RIP to XRP Holders”

Meanwhile, commentator Crypto Rover viewed XRP’s drop below $1 negatively, saying, “RIP to XRP holders.”

However, ChartNerd argued that XRP has not broken its macro structure. He stressed that the current correction resembles previous 70%-90% drawdowns that eventually preceded major bull runs.

On the other hand, XRP YouTuber Moon Lambo also countered Crypto Rover’s post. He argued that XRP has survived much deeper challenges, including its collapse toward $0.10 after reaching around $3.30, as well as the SEC’s lawsuit against Ripple.

Moon Lambo maintained that XRP’s fundamentals are stronger than during previous crises, citing its legal clarity. In his view, XRP is in a bottoming phase and the worst may already be over.

Monthly Buy Signal Emerges on XRP Price

Earlier, Martinez highlighted that the Tom DeMark Sequential had flashed a buy signal on XRP’s monthly chart. Historical signals from the indicator have preceded major XRP reversals.

For instance, a buy signal in April 2020 was followed by a 1,074% rally, while another in August 2022 preceded a 973% surge. Conversely, an April 2025 sell signal came before a 57% decline.

Martinez said the latest signal could indicate another major shift from bearish to bullish momentum. He identified $1.06 as a key resistance level. On-chain data shows that nearly 3 billion XRP were transacted around that price, making a monthly close above it potentially significant.

A sustained move above $1.06 could open the path toward $1.35 and potentially $1.64, according to Martinez.