XRP Price Retests 23-Month Low, But Can it Recover?

Key Insights:

• XRP price tests key support at $1 after sliding close to a 2-year low.
• Activity spike within recent lows has analysts wondering whether the cryptocurrency could be gearing up for a bounce from the current critical zone.
• Analyst weighs in on key price levels to watch in case of a bounce or capitulation.

XRP price is going through a critical phase that could determine whether it will recover or capitulate to the $1 level. Its performance over the last few months has investors assessing whether it is worth adding to their portfolio, especially after demonstrating weak demand.

Ripple is still one of the top chains, but the XRP price has not exactly been appealing to investors. The cryptocurrency has been on a steady decline since July 2025, with a few bullish attempts in between.

For context, XRP price fell as low as $0.99 on Tuesday this week. This marked its lowest price level in almost 2 years, retesting levels seen in November 2024.

XRP price exchanged hands at $1 at press time, which was the same bottom range achieved in June. In other words, this price level represents a critical psychological support level for holders.

It is worth noting that the XRP crypto was not yet oversold despite bearish bias. The big question now is whether a bounce like the one observed in June might occur.

However, readers should recognize that cryptocurrency markets are highly speculative. Any technical price targets mentioned here may not materialize due to evolving market dynamics.

This article is for information purposes only and not financial advice. Investors must conduct thorough research or consult with a licensed professional while making their investment plans.

Eyes on XRP Price As Address Activity Registers Spike

The fate of XRP price now hangs in the balance. And whether it will bounce back from he same support or lend itself to more downside may depend on activity near the support level.

Speaking of, address activity linked to XRP crypto was slightly elevated in the last few days. The Ripple-native coin had an average of 26,400 daily active addresses in July. That figure has since surged to 35,700 addresses so far this month.

At first glance, rising address activity could coincide with accumulation. However, on-chain data did not register a noteworthy spike in new address activity.  This could signal that fresh demand was still lacking.

A spike in new address activity at or near a major support level could be a strong accumulation indicator. One that could be considered a precursor of a major XRP price bounce. However, the lack of such observations suggests that the bulls may still be on the sidelines.

CoinGlass spot data revealed that XRP crypto flows still favored the bears. However, whale order flows reveal that larger addresses might be positioning for a bounce. Whales had net longs across Binance, OKX, and Coinbase.

XRP Price Prediction: Analyst Reveals Key Price Levels To Watch

There was no clear indicator of a directional bias at the time of observation. However, one analyst under the pseudonym Egrag Crypto has revealed his XRP price predictions to consider in the next few days.

The analyst believes that XRP’s next price target on the downside could be around $0.80. However, the analyst also believes that XRP price may surge as high as $2.5 if it enters recovery mode.

The same analyst believes that the cryptocurrency may surge as high as $15 in the long run. However, the current market situation underscores weak demand and subdued short term investor sentiment.

In summary, XRP price is indeed in a critical zone. This is where it gets to test whether it is still an attractive asset for investors judging by whether accumulation will take place and reverse its course.

XRP is currently sitting on liquidity that it secured in November 2024. Analysts are also keeping an eye on long term holders to establish whether the same cohort of buyers are still holding on to an optimistic long-term outlook.

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