Market analysts are signaling that XRP's price drop may be nearing its end, with the accumulation phase potentially underway.
Blockchain Backer, a widely followed analyst, has stated that the fear phase of XRP's price drop is over, and the market has entered an accumulation phase. This phase is characterized by sideways price movement, low volatility, and general market indecision.
The analyst notes that capitulation is complete, with high volume sell-offs and oversold levels suggesting a potential recovery phase. Similar setups in past cycles have typically preceded recovery phases, and the broader crypto market, including Bitcoin's retracement toward prior cycle highs, aligns with this timeline.