Another 30% XRP Correction? What History Says About the Current 70% Price Drop

XRP has dropped 70% from its all-time high amid a prolonged sideways trend, but history highlights a more concerning recurring trend.

The July 2025 all-time high of $3.66 not only marked a new all-time high for XRP but also the price peak for the bull cycle. Since it reached this level, the sixth-largest cryptocurrency by market cap has only trended lower to multi-year levels.

Currently at $1.04, XRP has now dropped 71.4% from the peak price, a correction only seen in deep bear market cycles. Meanwhile, a recurring trend that has historically followed such a retracement suggests the storms might not be over for the altcoin.

What Past Events Show About a 70% Drop

A 70% decline from its peak is not unprecedented for XRP. In fact, after every major bull market in the historical four-year cycle, the asset has experienced corrections of similar magnitude.

But does a 70% pullback from its peak price mean that XRP is nearing its bottom? Past events suggest otherwise.

Take, for instance, in 2018, when XRP peaked at $3.35 in January 2018. By February that same year, it had dipped to a low of $0.56 before closing at $0.88. From the peak price of the previous month to its February 2018 closing price represented an approximately 74% drop.

But that didn’t mark the bottom. XRP collapsed even further over several months to the bear market low of $0.10 in March 2020. That represented an approximately 90% decline from the February closing at $0.88. This resulted in another 90% drop after the initial 74% retracement.

Notably, this similar pattern repeated in the previous full market cycle. XRP reached a peak of $1.97 in April 2021. Two months later, the coin had dipped to a low of $0.508, representing a 74% decrease from the cycle’s high.

The dip didn’t stop there, as XRP continued to decline substantially. The asset finally bottomed at $0.28 in June 2022, a further 45% retracement after the initial 74% correction.

Will the Concerning XRP Trend Repeat?

With XRP dropping 71.5% from its July 2025 high at the current market price, analysts believe the dip might not be over, especially going with past precedents. Notably, the first event saw a 90% drop after the initial decline, and the second event saw half of the first drop at 45%.

If the pattern repeats, then XRP could drop by another 25% to 30%, taking its price to around $0.78 to $0.73. Notably, this outlook hinges completely on recurring market behaviors, and there is no certainty to it.

Moreover, there are conflicting outlooks. Recall that the initial drop in past events happened within the first two months of the peak. This time, it took XRP 11 months to retrace by 71% from the peak. 

Again, XRP crashed to $0.77 on Binance during the October 2025 flash crash, representing a 79% dump from the current ATH. Analysts argue this might pass for the initial dump, and the current dip is the latter part of a corrective phase rather than the start.

How XRP develops in the coming weeks will confirm which theory is correct. For now, the broader trend is bearish, with XRP holding above the $1 support nicely. Losing this demand zone opens the possibilities of a deeper correction.