XRP has endured one of its toughest months in recent history, mirroring the brutal November selloff that has swept across the wider cryptocurrency market.

The token traded near $1.90 on Saturday, down more than 15% on the week, and nearly 50% below its July peak as the sector’s double-digit declines intensify.​

Despite sharp losses and bearish momentum, the market structure remains under scrutiny.

Technical and fundamental developments may soon signal a shift: after weeks of dropping prices, traders are closely watching for signs of a turnaround.​

Buy signals emerge as Grayscale ETF set to launch

Adding to the intrigue, the TD Sequential indicator—popular among technical analysts for timing market reversals—has just flashed a buy signal on XRP.

Historic precedents suggest such signals often precede relief rallies, although confirmation is still required for a sustained move.

Many chart-watchers highlight that nearly 1.8 billion XRP had previously accumulated around the $1.75 mark, forming a key support zone.

A defence of this range could underpin renewed positive sentiment.​

Meanwhile, market focus is sharpening on Monday’s anticipated launch of Grayscale’s spot XRP ETF (GXRP).

Approval by the New York Stock Exchange for both XRP and Dogecoin ETFs is expected to provide new institutional access and inject potential demand into the market.

Analysts believe that a strong ETF debut could mark a turning point, bringing in inflows and bolstering market confidence at a critical juncture.​

Technical alignment with earlier projections

This latest drop to around $1.90 also aligns with prior technical forecasts from analysts, such as Ali Martinez, who previously projected a decline toward this area as a precursor to an eventual rebound.

Some strategists maintain that, if the broader crypto bull cycle resumes, XRP may offer a compelling entry point at current levels—potentially targeting $6 should positive momentum accelerate and catalysts such as the ETF launch deliver.​

Nevertheless, risk remains elevated. If XRP breaches the support near $1.75, the path could open toward further downside, with bears targeting $1.55 or even $1.25, according to several technical models.

Still, year-over-year performance remains in positive territory, and a rapid sentiment shift is possible if buyers step in with conviction.​

Market awaits verdict as volatility reigns

With sentiment fragile and trading volumes elevated ahead of Monday’s ETF event, the coming week may prove decisive.

If the new ETF sees robust buying, bulls could regain control. If not, a break below support could prolong the downtrend.

For now, the debate over whether the XRP dip marks a buying opportunity will be settled by market action in the days ahead, as technical, macro, and regulatory factors converge.

Traders are bracing for heightened volatility—and a potential turning point for one of crypto’s most-watched tokens.

The post XRP dives nearly 50% from peak: is now the time to buy? appeared first on Invezz