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Reading: XRP re-enters key accumulation zone between $0.70 and $1.10, analysts target $9 cycle if $3 is surpassed
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COINTURK NEWS > Ripple (XRP) > XRP re-enters key accumulation zone between $0.70 and $1.10, analysts target $9 cycle if $3 is surpassed
Ripple (XRP)

XRP re-enters key accumulation zone between $0.70 and $1.10, analysts target $9 cycle if $3 is surpassed

In Brief

  • 🚀 XRP enters the key $0.70-$1.10 accumulation range, often seen before major rallies.

  • 💹 $XRP finds support as Binance futures open interest hits a three-month low, reflecting reduced leverage and risk.

  • 👜 Network growth accelerates, with 40% of wallets created in 2024-2025, signaling new user influx.

Levent Kurt
Levent Kurt 1 hour ago
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XRP has once again entered a structural pattern on the higher timeframes that, in the past, has preceded dramatic rallies. Market analyst Crypto Patel notes that XRP has returned to its major accumulation area between $0.70 and $1.10—the same price range where long-term holders historically positioned themselves ahead of previous surges. Technical indicators, derivatives data, and network growth all signal in the same direction, strengthening the case for a potential major move.

Contents
Accumulation zone and technical outlook take center stageLeverage unwinds in the derivatives marketNetwork growth seen as supportive factor

Accumulation zone and technical outlook take center stage

According to Patel, this price band mirrors the area where long-term investors historically bought ahead of XRP’s biggest rallies. CoinCodex data show that XRP is currently trading right at $1.10, sitting at the upper boundary of this critical demand zone. The analyst argues that current price action resembles previous periods of prolonged sideways movement that ultimately gave way to powerful upward trends.

Crypto Patel suggests that if XRP is able to maintain its position within the $0.70 to $1.10 accumulation zone and break above the $3 resistance, historical cycle patterns could bring the $9 level and beyond into play.

On the technical side, the high time frame MACD indicator is also under close watch. In previous cycles, a potential bullish crossover in the MACD has signaled a shift from downward to upward momentum, acting as one of the early indicators of trend reversals.

Quick glossary: The MACD is a technical indicator that measures the relationship between moving averages. A bullish crossover occurs when short-term momentum overtakes the long-term trend, often signaling a potential upward phase.

IndicatorLevelMeaning
Accumulation zone$0.70 to $1.10Long-term demand area
Current price$1.10Upper band of the range
Key resistance$3Break could trigger a new cycle
Long-term target$9 and aboveHistorical cycle scenario

Leverage unwinds in the derivatives market

The derivatives landscape has also shifted notably. On Binance, open interest in XRP futures has dropped to around 397 million XRP, marking the lowest level seen in over three months. During the same period, the price receded from approximately $1.55 in March to $1.10.

At first glance, the drop in open interest might signal market weakness. However, such reductions after extended corrections can be seen as a move toward healthier market conditions. Decreased leverage reduces liquidation risks and speculative froth, possibly setting a more stable foundation for price appreciation should new demand arise.

The fall in open interest to 397 million XRP in Binance futures suggests that a significant portion of leveraged traders has exited the market.

Network growth seen as supportive factor

On-chain activity also highlights continued growth in the XRP ecosystem. Approximately 40% of all XRP wallets were created in 2024 and 2025, indicating ongoing inflows of new participants despite the market’s subdued conditions over recent months.

The steady increase in wallet numbers points to a broader user base and a tilt toward long-term holding. Analysts suggest that if the current support area holds and XRP manages to reclaim $3, a fresh expansionary cycle could become a near-term focus for the cryptocurrency.

You can follow our news on X, Telegram, Facebook & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Levent Kurt 10 July, 2026 - 7:50 pm 10 July, 2026 - 7:45 pm
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Levent Kurt
By Levent Kurt
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Kriptoekonomist, Kripto para meraklısı, Girişimci, Yazar, CoinTürk Gen.Yay.Yön.
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