XRP’s collapse from its July 2025 cycle peak of $3.60 has wiped out more than half of its value and driven many traders to the sidelines — but not everyone is ready to throw in the towel. Crypto analyst Crypto Luke, posting on X (formerly Twitter), argues the chart and market flows suggest downside below $1 is unlikely.
Luke points to technical structure first: XRP has been defending a broadening wedge pattern, a setup that in this instance signals meaningful demand at lower levels. That defense, he says, has allowed bulls to hold key supports even as the broader slump deepened and the token lost the $1.50 level.
Momentum indicators, according to the analyst, add to the bullish case. XRP’s Stochastic oscillator is turning toward the bullish side and the RSI remains “solid,” implying the pair is more likely to push higher than to break down further. Luke frames the recent price behavior not as a capitulation but as a potential shift — helped, he notes, by renewed strength in Bitcoin and Ethereum that has lifted the wider market.
Liquidity is another focal point. Luke claims liquidity is returning to XRP, a crucial ingredient for any sustained uptrend, and credits that flow for the recent uptick. Supporting his thesis, he highlights ETF activity: XRP-focused ETFs reportedly saw more inflows than outflows this month, a sign institutional buyers may be re-entering rather than exiting.
“I'm not saying it goes crazy tomorrow … but I’d rather be here stacking than chasing it later,” Crypto Luke wrote, summarizing his stance: buying into the recovery looks preferable to selling into these levels. Whether that conviction proves prescient will depend on broader market trends and whether liquidity and demand continue to firm up.
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