XRP Plunges Below $2—But Will December Bring a 69% Rally?

XRP trades below $2 amid heavy losses and market fear. Technicals suggest more downside is possible, but historical data points to a strong average December rebound of 69%, hinting at a potential year-end recovery.

XRP is experiencing a sharp decline, trading below the $2 mark and extending its losses over the past month. The token has erased recent gains, with realized losses for holders reaching levels not seen since April 2025. Technical indicators suggest capitulation is underway, but the washout phase may not be complete, and further downside is possible before a bottom forms. Despite the prevailing fear and volatility, historical data reveals that XRP has averaged a 69% return in December over the past 11 years, with several years ending in strong rebounds. Analysts note that XRP and Bitcoin are following synchronized corrective patterns, with XRP potentially targeting support near $1.65 before a reversal. The market's current state is seen as a technical shakeout rather than a structural collapse, and past cycles indicate that XRP often recovers strongly at year-end, especially after periods of heightened uncertainty and realized losses.