XRP
XRP Drops 72 Percent From Peak as Traders Track Key Technical Retracement Level
XRP traded around $1.39 after surrendering most of its advance from late 2024, bringing chart levels into focus.
XRP traded near $1.39 on October 9, 2026, marking a 62% decrease from its all-time high of $3.65 reached in July 2025 and an approximate 9% decline over the trailing week. From its base of $0.50 in November 2024, the token had gained $3.15 before shedding $2.26, which represents a retracement of roughly 72% of that advance.
Market participants are monitoring the $1.17 threshold, which corresponds to a 78.6% Fibonacci retracement of the broader rally, following a drop below the 61.8% level at $1.70. The report notes that clustered buy orders near such technical markers can either stem declines or lead to steeper drops if exhausted.
XRP's market valuation stood at roughly $88 billion, reflecting scheduled token releases from Ripple's escrow accounts that increased circulating supply since 2024. The token previously traded near $1.05 in late June 2026 before rising 46% to reach $1.53 by late September.
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