XRP’s Dance of Despair: Will It Waltz to $10 or Stumble to $0.70?

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Ah, the tempestuous XRP, a creature of the markets, now languishing at a mere shadow of its former glory, down 58% from its zenith. Two soothsayers of the charts, perched upon their digital pedestals, proclaim this nadir not as a harbinger of doom, but as a serendipitous moment for the astute accumulator. How quaint.

The Depths of XRP’s Despair: How Far Will It Plunge?

Crypto Patel, a name that echoes through the halls of Twitter with the gravitas of a fortune-teller at a provincial fair, declared on the fourth of February that XRP/USD had “graced its first accumulation zone at $1.50-$1.30.” With the air of a man dispensing wisdom to the uninitiated, he urged his followers to adopt a strategy of staggered entries, as if timing the market were a folly reserved for the unwashed masses. “Accumulate steadily,” he intoned, “for in this lies the preservation of capital.” A noble sentiment, though one wonders if his earlier proclamations were equally prescient.

Crypto Patel's Chart Analysis

Yet, in the event that XRP should breach the $1.30 threshold, Patel, ever the pragmatist, advises a deeper foray into the abyss. “Place your bids between $0.90-$0.70,” he counsels, “for should the price descend to such depths, it may well be the opportunity of a lifetime.” One cannot help but marvel at the audacity of such optimism, though whether it is rooted in wisdom or wishful thinking remains to be seen.

With a flourish, Patel reveals his long-term target of $10, a figure that seems as distant as the stars on a cloudy night. “Entry discipline,” he declares, “is the cornerstone of success.” Yet, one cannot help but smirk at the irony of his advice: “Buying at $3 or $2? Not ideal, in my view.” Ah, the hubris of the prognosticator, who would have us believe that the path to riches is paved with entries at $1.50-$1. How convenient.

And let us not forget his triumphal recounting of past glories, a tale as old as time itself. “In the last bear market,” he reminisces, “I shared an XRP setup at $0.50, and lo, it rallied to $3.66-a profit of over 600%.” One wonders if his followers will be so fortunate this time around, or if they shall be left holding the bag, as it were.

March: The Month of XRP’s Resurrection?

Another oracle, Charting Guy, offers a different narrative, one that paints the current selloff not as a cataclysm, but as a mere repetition of history. “XRP is but reliving 2021,” he proclaims, “with a bottom in March, roughly around $1.20, or so I believe. Perhaps it shall wick to $1, to frighten the faint of heart. The bear market, it seems, is on its last legs.” When queried directly-“Bear market ends in March?”-his response is as unequivocal as it is bold: “Yep.”

In his weekly XRP/USD chart, a labyrinth of lines and levels, Charting Guy identifies a rising multi-year trendline and a Fibonacci ladder, with several levels converging precisely where he anticipates the March low. How convenient, one might say, though the confluence of trendline support and the 0.702 Fib level (~$1.215) lends a certain credibility to his thesis. His “maybe wick to $1” remark, however, suggests a deeper plunge into the abyss, a test of the 0.618 Fib (~$0.915) that would surely send shivers down the spines of even the most stalwart investors.

Charting Guy's XRP Analysis

What sets this zone apart, however, is not merely its horizontal significance, but the confluence of the trendline. The green, rising trendline, drawn with the precision of a cartographer, is poised to catch the price in early March, rising into the same $1.00-$1.20 neighborhood. Thus, his “March bottom” is not merely a date, but a symphony of technical indicators, a confluence of support and retracement levels that, if broken, could spell capitulation.

Above the current price, the chart reveals a ladder of Fibonacci extensions, each a rung on the ladder to potential riches: 0.786 ($1.612), 0.888 ($2.274), and the prior swing reference around 1.0 ($3.317). Higher still, the extensions stretch to 1.236 ($7.349), 1.272 ($8.297), 1.414 ($13.389), and the lofty 1.618 ($26.630). Such figures, one cannot help but observe, seem as distant as the stars themselves, yet they serve as a beacon of hope for the faithful.

At the time of this writing, XRP trades at $1.3888, a figure that, while unremarkable, carries with it the weight of expectation and the promise of either glory or ruin.

Current XRP Price Chart

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2026-02-05 18:45