XRP Fell Nearly 70% – Could History Repeat With An 835% Surge?

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Ah, the cryptocurrency market – a place where panic and exuberance dance in an eternal waltz, much to the amusement of those who haven’t yet succumbed to its whims. XRP, once basking in the euphoria of its lofty heights, has now plummeted, leaving short-term holders shaking in their boots. Yet, there are whispers-nay, shouts-among the experts that this may not be a tragedy, but rather the prelude to a rousing comeback. A grand resurgence, perhaps? One can only dream.

Deep Losses And A Familiar Pattern

According to the ever-reliable price data, XRP’s descent was not a mere slip but rather a dramatic nosedive from its once-towering $3.65 to a humble $1.38. A glorious 60% retreat from its July peak-because, of course, who doesn’t enjoy a good plunge?

The masses have watched as the realization of losses surged, with approximately $1.90 billion evaporating in just a week. A sum so staggering, one might think it were a scene from a tragedy penned by the finest playwrights. Yet, as history has shown, such calamities are often followed by a rousing recovery, where the weak hands are swept away, leaving only the strong to revel in the aftermath.

Reports have suggested that XRP is nearing a demand zone between $0.85 and $0.65-an area that once acted as resistance, now poised to be the stage for a glorious rally in late 2024. How poetic. Could it be that this very place, where doubt once reigned, will now become the breeding ground for a resurgence?

$XRP Crashed 69% And Everyone Is Panicking: Last Time This Happened It Pumped 835%#XRP Is Trading Around $1.39 After Breaking Down From $2 Support Zone. Currently Retesting The HTF Demand Level Which Previously Acted As Multi-Year Accumulation Zone Upper Boundary.

Already…

– Crypto Patel (@CryptoPatel) February 22, 2026

From Panic To Jubilation

The ever-astute analyst Crypto Patel, ever the optimist, has pointed out that this drop, though disastrous, bears an eerie resemblance to the past. For those who take solace in history’s cyclical nature, there is hope. He, with the air of a sage, argues that panic, though ubiquitous, may not be permanent. After all, the last time XRP fell 69%, it surged an astonishing 835%. Truly, who could resist the lure of such a tale?

Bitcoin‘s Movements Provide A Subtle Reminder

Across the market, Bitcoin’s more dramatic swings have provided a rather entertaining backdrop to the suffering of altcoins. In the last few sessions, Bitcoin has drifted from the high $66,000s to a mere mid-$60,000s, dragging the poor altcoins in its wake like a spoiled child dragging their reluctant sibling to the sandbox.

As Bitcoin retreats, altcoins inevitably suffer, and XRP was no exception. The relationship between Bitcoin’s movements and the altcoin flow remains a fascinating study of power dynamics in a market where everyone is trying to outsmart the other.

With XRP’s price plummeting below $2-an ominous psychological support level for many-a swift exodus from short-term holders followed, culminating in a nearly 70% drop by early February. Truly, it’s as if the market were playing a grand game of musical chairs, with everyone scrambling for the exits before the music stops.

What Traders Are Watching Next

A portion of the market has exited their positions, disgruntled and disillusioned. Their losses, now etched in the blockchain, might very well signal the end of the panic phase. Will this be the final act in the drama of the sell-off, or merely an interlude before the grand finale?

From a technical perspective, those who dare to dream might see hope in XRP’s ability to hold above the lower boundary of the $0.65 to $0.85 range. If this precarious support holds, a phased recovery could indeed be on the horizon, bringing with it prior resistance levels around $2, $3, and perhaps even beyond. It’s a gamble, but isn’t that the very essence of cryptocurrency?

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2026-02-24 07:16