XRP’s sharp pullback is being framed as anything but doom and gloom. After a sizzling rally that took the token to multi-year highs, XRP shed nearly 19% last Thursday, sliding to an intraday low of $2.95 from $3.66. The move rattled traders, but analysts insist this isn’t the end of XRP’s momentum—it’s a “healthy correction” in an overheated market. With the broader crypto sector dipping about 3% to $3.79 trillion, the reset flushed out over-leveraged positions, clearing the way for steadier growth ahead.
Behind the sell-off was a perfect storm of cascading liquidations and thin liquidity. Traders who had piled into aggressive longs were caught off guard as the drop triggered margin calls across exchanges. Yet many experts are unfazed, still eyeing double-digit XRP price targets on the horizon. In their view, this shakeout wasn’t a collapse—it was the market catching its breath before the next leg up.