XRP’s SOPR Hits 6-Month Low: Could History Repeat Itself? According to market commentator Xaif Crypto, XRP’s Spent Output Profit Ratio (SOPR) has just dropped to 0.95, marking its lowest level in six months. SOPR, a key on-chain metric used to gauge investor behavior, indicates whether coins moved on a particular day were sold at a profit or loss. Values below 1 suggest that holders are selling at a loss, often signaling potential market capitulation and setting the stage for a rebound. XRP’s SOPR has historically signaled early price reversals. When it last hit 0.92 on April 7, XRP jumped 35%, soaring from $1.90 to $2.58 in days. Traders are now watching closely, as a repeat scenario may be in play. Xaif Crypto added, “Now with a low near $2.38, next potential target: $3.10–$3.35.” XRP is presently trading at $2.50 , just above recent lows. If history repeats, analysts see potential upside to $3.10–$3.35, signaling a notable gain that’s drawing both retail and institutional interest. Notably, XRP’s SOPR has hit a six-month low, signaling a potential market turning point. Historically, such levels have preceded strong rebounds, with targets around $3.10–$3.35. Traders and investors may be looking at one of the most attractive risk-reward setups in crypto right now. XRP Eyes Critical Bounce as Market Reacts to ABC Pattern According to market analyst Lingrid, XRP is showing signs of reactive buying pressure, hinting at a potential squeeze as the recent pullback evolves into an ABC corrective pattern. Therefore, this technical setup is capturing traders’ attention, as the coin approaches crucial support and resistance zones that could define its next directional move. Lingrid highlights the $2.50 level as the key support that must hold to maintain bullish momentum. A failure to defend this zone could open the door to further downside, with a potential fade toward $2.30. On the flip side, if buyers manage to defend this level, XRP may see a trend resumption, with initial resistance at $2.85–$2.90 acting as the first “lid” for gains. Surpassing this range could pave the way toward the $3.18 target line, signaling a more pronounced rebound. Therefore, XRP is showing signs of a reactive market, with short-term bids testing support ahead of a potential squeeze. The ABC corrective pattern suggests that holding above $2.50 could reignite bullish momentum, while a drop below risks sharper losses. Key levels now define clear opportunities for risk management and strategic entries or exits. XRP sits at a critical technical juncture. Key support at $2.50 must hold, while resistance at $2.85–$2.90 and the $3.18 target mark define upside potential. Traders should watch price and volume closely to assess whether a bullish continuation or deeper correction is likely. Conclusion XRP’s SOPR hitting a six-month low signals a potential market turning point. Capitulation at $2.38 historically precedes sharp rebounds, with past rallies surging 35% and technical targets pointing to $3.10–$3.35, giving traders a clear roadmap for potential opportunities. Meanwhile, XRP’s fate hinges on $2.50 support and its ABC corrective pattern. Holding this level could fuel a rebound to $2.90–$3.18, while a break risks a drop to $2.30. Traders should watch these key zones for clear entry, exit, and risk signals.
