
Markets5 min read
Solana Price Could Crash to $53, But…
Solana price could crash to $53, but the data tells a more complicated story. The cryptocurrency has been trading in a tight range after failing to sustain a move above the $82–$83 area. Rece
XRP has once again entered a structural pattern on the higher timeframes that, in the past, has preceded dramatic rallies. Market analyst Crypto Patel notes that XRP has returned to its major
XRP has once again entered a structural pattern on the higher timeframes that, in the past, has preceded dramatic rallies. Market analyst Crypto Patel notes that XRP has returned to its major accumulation area between $0.70 and $1.10—the same price range where long-term holders historically positioned themselves ahead of previous surges. Technical indicators, derivatives data, and network growth all signal in the same direction, strengthening the case for a potential major move.
According to Patel, this price band mirrors the area where long-term investors historically bought ahead of XRP’s biggest rallies. CoinCodex data show that XRP is currently trading right at $1.10, sitting at the upper boundary of this critical demand zone. The analyst argues that current price action resembles previous periods of prolonged sideways movement that ultimately gave way to powerful upward trends.
Crypto Patel suggests that if XRP is able to maintain its position within the $0.70 to $1.10 accumulation zone and break above the $3 resistance, historical cycle patterns could bring the $9 level and beyond into play.
On the technical side, the high time frame MACD indicator is also under close watch. In previous cycles, a potential bullish crossover in the MACD has signaled a shift from downward to upward momentum, acting as one of the early indicators of trend reversals.
Quick glossary: The MACD is a technical indicator that measures the relationship between moving averages. A bullish crossover occurs when short-term momentum overtakes the long-term trend, often signaling a potential upward phase.
IndicatorLevelMeaningAccumulation zone$0.70 to $1.10Long-term demand areaCurrent price$1.10Upper band of the rangeKey resistance$3Break could trigger a new cycleLong-term target$9 and aboveHistorical cycle scenarioThe derivatives landscape has also shifted notably. On Binance, open interest in XRP futures has dropped to around 397 million XRP, marking the lowest level seen in over three months. During the same period, the price receded from approximately $1.55 in March to $1.10.
At first glance, the drop in open interest might signal market weakness. However, such reductions after extended corrections can be seen as a move toward healthier market conditions. Decreased leverage reduces liquidation risks and speculative froth, possibly setting a more stable foundation for price appreciation should new demand arise.
The fall in open interest to 397 million XRP in Binance futures suggests that a significant portion of leveraged traders has exited the market.
On-chain activity also highlights continued growth in the XRP ecosystem. Approximately 40% of all XRP wallets were created in 2024 and 2025, indicating ongoing inflows of new participants despite the market’s subdued conditions over recent months.
The steady increase in wallet numbers points to a broader user base and a tilt toward long-term holding. Analysts suggest that if the current support area holds and XRP manages to reclaim $3, a fresh expansionary cycle could become a near-term focus for the cryptocurrency.
The post XRP re-enters key accumulation zone between $0.70 and $1.10, analysts target $9 cycle if $3 is surpassed appeared first on COINTURK NEWS.