$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.