Peter Smith
XRP just got hammered. After weeks of sideways chop, the token finally broke down hard, hitting $2.83 and leaving traders scrambling to figure out what's next. The big question now isn't whether it'll bounce - it's whether this drop will actually create the accumulation zone everyone's been waiting for, or if we're still stuck in distribution hell.
Where We Stand Right Now
Here's what actually happened: the initial setup everyone was watching completely failed. The Composite Trader called it - that low-timeframe distribution pattern never gave a clean entry, and price just kept grinding lower instead of playing nice with the expected pivot points.
Now the focus has shifted to finding mid-timeframe accumulation signals within what's still a bearish high-timeframe structure. XRP is sitting at $2.83 after losing its grip on higher levels, and the overall market context still looks distributive, which means any rallies are going to be suspect until we get real confirmation that smart money is actually stepping in.
The key thing to watch is whether we get a retest of these lows. That could be the confirmation signal that separates real accumulation from another fake-out bounce that gets sold into.
Why Rushing In Is a Mistake
This aggressive flush downward is exactly how markets work - they shake out weak hands and hunt liquidity before setting up genuine bases. Jumping in now without proper confirmation is just gambling that you can catch a falling knife. The discipline here is everything. Wait for the signals, don't try to be a hero.
If accumulation actually confirms around these levels or slightly lower, XRP could realistically push back toward that $3.40-$3.50 resistance zone. But if this base-building fails and we can't establish real buying interest, we're probably looking at a deeper move toward $2.50. Right now, patience beats everything else. Quality setups over quantity, and wait for the market to actually show you what it wants to do instead of guessing.
Peter Smith
