Is XRP Still a Good Buy After Falling 62% From Its High?

"A 62% drop might sound brutal until you compare it to what XRP has done before. In 2018, XRP fell 95% from $3.84 all the way down to $0.17, and in 2021-2022, it dropped about 84% from its $1.96 cycle peak to $0.31—but both times, it eventually recovered. At 62% from $3.65 to $1.37, this is actually the mildest major correction XRP has gone through in any cycle."

"This time, the lawsuit is settled, seven spot ETFs live with $1.44 billion in cumulative inflows, and XRP was named to the U.S. strategic crypto reserve. XRP has never entered a drawdown from a stronger fundamental position, and that changes what kind of recovery is on the table once the broader market turns around."

"Moreover, a falling wedge has formed on XRP's chart, which is the same pattern that showed up before major breakouts in 2017 and late 2024. The 2017 wedge broke upward before XRP rallied from under $0.01 to $3.84, marking a gain of over 38,000%."

XRP has declined 62% from its peak to approximately $1.35-$1.40, creating debate about its recovery prospects. Historically, XRP has experienced more severe drawdowns: 95% in 2018 and 84% in 2021-2022, both followed by recoveries. The current correction differs fundamentally from previous ones because XRP now benefits from regulatory clarity, seven spot ETFs with $1.44 billion in cumulative inflows, and inclusion in the U.S. strategic crypto reserve. These stronger fundamentals position XRP differently than during previous downturns when it lacked institutional products and regulatory approval. Technical analysis shows a falling wedge pattern similar to formations preceding major breakouts in 2017 and late 2024.

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