XRP price has lost more than 50% of its value over the past year, and is now trading at $1.06. While the drop has shocked investor confidence and sparked fears that the token could fall even further. Meanwhile, some well-known crypto analysts believe XRP is approaching one of the most important price zones of this cycle before the start of an upward breakout. XRP Lost a Support, Now All Eyes Are on the $0.87 Zone According to the XRP chart analyst ChartNerd, the recent drop in XRP price began after it failed to hold the $1.19 support level. That breakdown also pushed the token below its important 0.786 Fibonacci retracement, opening the door for another move lower. He believes the next major support sits between $0.84 and $0.87, where XRP’s long-term Gaussian Channel and the 0.854 Fibonacci level meet. According to the analyst, this area has historically marked the end of bear markets and the beginning of new upward trends. The analyst also pointed out that every major XRP bull market, including the rallies in 2017, 2021, and the 2024 breakout, started only after XRP returned to its long-term Gaussian Channel. That same middle regression band now sits around $0.84, making it one of the most closely watched levels on the chart. Historical XRP Bear Markets Suggest the Worst May Be Near Further into the analysis, ChartNerd suggests the current XRP correction may be less severe than previous bear market cycles. Historically, XRP has experienced declines of 85% to 96%, with bear markets lasting between 400 and 790 days. In comparison, the current downturn has seen a roughly 69% decline over about 11 months, making it relatively shallow