A sharp drop in XRP has rattled short-term holders, but some onlookers warn the sell-off may be setting a base for a much larger rebound. Reports say the token slid hard after peaking last year, and a mix of on-chain metrics and chart patterns has traders weighing whether this is panic or opportunity.<\/p>\n
According to price data, XRP<\/a> fell from a high near $3.65 to roughly $1.38, a move that wiped out a large chunk of recent gains and produced a 60% pullback from the July peak.<\/p>\n Traders watched as realized losses spiked, with roughly $1.90 billion recorded over one week \u2014 a level that matches past capitulation events.<\/p>\n When big losses pile up in a short span, selling pressure can be exhausted and the market is often left with fewer weak hands.<\/p>\n Reports note that the token is approaching a higher-time-frame demand area between $0.85 and $0.65, a zone that acted as resistance before the rally in late 2024.<\/p>\n In prior cycles, that same area turned into a multi-year accumulation range where long-term buyers stepped in.<\/p>\n $XRP<\/a> Crashed 69% And Everyone Is Panicking: Last Time This Happened It Pumped 835%#XRP<\/a> 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.<\/p>\n Already\u2026 pic.twitter.com\/ZVKY1nwLD4<\/a><\/p>\n \u2014 Crypto Patel (@CryptoPatel) February 22, 2026<\/a><\/p>\n\n Analyst Crypto Patel has highlighted those historical signals on social feeds, arguing the setup looks familiar and may not be permanent panic.<\/p>\n He warned that XRP has dropped 69% and panic is spreading, but the last time it fell this much, it surged 835%.<\/a><\/p>\n Bitcoin Moves Provide Context<\/p>\nFrom Panic To Jubilation<\/h2>\n