XRP Price May Need to Plummet to $0.50 Before Next Rally

Analyst Thea Grace has identified a repeating market pattern in XRP's price history. Reviewing data from 2017 and projecting through 2028, she notes that each major bull run includes an initial peak followed by a sharp pullback, then a temporary rally characterized as a bull trap. This phase often results in new lows.

Grace observed that past market cycles for XRP included deceptive rallies following the initial decline, which often appeared to signal recovery but instead led to new lows. The 2018 cycle saw a 103.78% retracement, while the 2021 cycle produced a 176.42% retracement.

XRP recently surged more than 50% in just 65 hours, with the total upward move exceeding 70%. Grace classified this rebound as consistent with previous bull trap phases and emphasized that XRP 'is still in that phase' but not yet at the launchpad level.

She identified the launchpad area near $0.50, a level XRP has not seen since its dramatic surge of 500% in late 2024. Current prices remain well above that proposed support, implying that a further drop would be necessary to reach the accumulation zone highlighted in her charts.