Analyst Flags Key XRP Buy Zone Ahead of Possible Rebound
XRP has entered a notable correction phase after hitting recent highs, with the price now sitting at $2.76.
The asset has dropped nearly 13% over the past week and is down 6.78% in the past 24 hours, according to market data.
Crypto analyst Michaël van de Poppe highlighted that XRP lost a critical support level, triggering a deeper retracement. He identified the $2.40–$2.60 range as an area of high interest for potential accumulation. According to his outlook, this zone could set the stage for a fresh upward move once the correction finds a floor.
The current downturn follows a strong rally earlier this year, which propelled XRP to multi-year highs. While momentum has cooled, market watchers suggest that a pullback into the identified range could present an opportunity for long-term investors before the next potential surge.
If buyers return in force at these levels, analysts believe XRP could resume its upward trajectory in the coming months. However, failure to hold above the support zone may open the door to further downside pressure.
The information provided in this article is for informational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
