[DigitalToday reporter Yoonseo Lee (이윤서)] An analysis said XRP selling pressure has eased noticeably, suggesting the long downtrend is entering its final phase.

On July 23 (local time), blockchain outlet The Crypto Basic said XRP has entered an “extreme buying opportunity” zone on the daily chart. It said recent price action also looks different from assets trapped in a strong bear market.

The key is the change in trading volume. XRP has remained in a deep correction for nearly a year after hitting a cycle high in mid-July 2025. It posted its strongest selling volume right after setting an all-time high of $3.66 on July 18, 2025, and that period became the starting point of the full-fledged correction.

Recent moves have been different. XRP slid to $1.009 on June 26, approaching its lowest level in years, and volume fell sharply. Selling volume at the peak was 421,000 XRP, while volume in the few days before the June drop fell to 105,000 XRP. That is about a quarter of the early-decline level.

This structure is also reflected in chart readings. After the July 2025 peak, XRP lowered its highs and lows within a falling wedge pattern, but an assessment said the steepest part of the correction passed several months ago.

After the broader crypto market plunged in February, XRP continued to move sideways within a narrow range. This is read as a sign it is moving away from a phase dominated by aggressive selling pressure.

The current price level was presented as a buying-opportunity zone from a long-term perspective. The analysis said the longer the sideways move lasts at current levels, the larger the breakout could be when momentum returns. A recovery target around $3 was cited, about 165 percent above the current XRP price of $1.10. It also raised the possibility of retesting the $3.66 all-time high if that price level is held steadily. It added that a broader market recovery momentum would need to follow for the target to be reached.

Linkage with the broader market is also a variable. XRP shows a chart structure similar to major digital assets such as bitcoin and ether. Given that signs the bearish phase is nearing an end are also observed in other large cryptocurrencies, the analysis said this may be less an XRP-only move and more a stage in which the broader market is preparing for the next upside breakout.

The key point to watch is how long the current range lasts. The analysis said the longer the sideways move persists at current levels, the stronger the breakout could be when momentum returns. XRP has already moved out of the sharp-drop phase and is forming a base, but whether the trend actually turns is likely to be confirmed alongside a broader market recovery.