XRP's price movement has been closely watched by traders, with some analysts predicting a potential low point at $0.93.
EGRAG Crypto, an analytical firm, suggests that XRP's weekly chart shows a 'diminishing downside' pattern below the 200-week simple moving average (SMA).
According to this model, previous cycle lows formed around 60% and 40% below the 200 SMA. If this trend continues, the next major low could form approximately 20% below the 200 SMA, placing the possible bottom near $0.93.