WikiBit 2026-02-07 20:02After $XRP price revisited the $1 range this week, analysts are now forecasting what comes next amid
After $XRP price revisited the $1 range this week, analysts are now forecasting what comes next amid the ongoing rebound.
ExtraVOD, founder of PhoenixReborn, shared a bold February outlook, suggesting $XRPs bottom is already forming.
Key Points
$XRP rebounded from the $1 range as analysts suggest a price bottom is already forming.
$XRP Bottom Confirmed at $1.23–$1.30
In a post on X, ExtraVOD outlined his near-term expectations for $XRP, noting a bottom range of $1.23 to $1.30. From there, he expects a strong reversal that could carry the token significantly higher.
According to his forecast, once $XRP confirms this base, price could accelerate toward the $4.20 level. He added that the coin could see an extended move targeting anywhere between $4 and double-digit territory near $10.
His outlook aligns with a growing sentiment among veteran $XRP watchers that the recent collapse marks exhaustion rather than the start of a prolonged downtrend.
Familiar Phase for Long-Term Holders
The latest decline follows a brutal market-wide sell-off that saw $XRP fall to lows near $1.11. Considering the coin traded as high as $3.66 in July 2025, that represents a loss of about 70% for holders.
The move was largely driven by broader risk-off pressure after Bitcoin slid to $60,000, triggering forced liquidations across altcoins.
Analyst CryptoBull, who commented on yesterday‘s move, described the drop as a familiar phase in $XRP’s long market history. He noted that $XRP has repeatedly suffered deep drawdowns in past cycles before staging powerful recoveries.
From crashes such as $0.25 to $0.11, $0.65 to $0.17, and $1.96 to $0.28, CryptoBull said patience, not panic, has historically rewarded holders. While he sold part of his holdings during the recent rally above $2.30, he believes the market has now returned to a waiting and accumulation phase.
Dip Buyers Stay Active Despite Fear
While uncertainty remains high, several prominent figures have openly disclosed buying $XRP during the dip. Long-time investor Pumpius recently revealed a $1 million buy order placed at $1. Market commentator Coach JV also confirmed multiple $XRP purchases as prices slid lower.
These disclosures suggest that investors are accumulating during extreme fear to capitalize on the next rebound.
Analysts pointing to the $1 to $1.30 zone as a base and renewed double-digit targets are re-entering the conversation. They see a breakout above $4 as initial confirmation, while $10 remains a longer-term expansion target.
$XRP Up 28%
For now, $XRP is already showing signs of strength after yesterdays dip. The coin is up over 10% in the last 24 hours, trading at $1.44 at press time.
Considering the coin traded at $1.11 yesterday, the present price implies a rebound of roughly 28%. The market is now watching to see whether this recovery can sustain and potentially lead to new all-time highs.
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