$13 XRP Target In View As Heavy XRP Capitulation Mirrors 2022 Bottom That Preceded Rocket Rally ⋆ ZyCrypto

XRP endured a choppy week, trading sideways on Friday after a turbulent stretch across the broader cryptocurrency market. 

Notably, over the past seven days, the digital asset has shed nearly 5.19%, reflecting the wider risk-off mood that has pressured major tokens. Nevertheless, beneath the surface of the recent downturn, on-chain data suggest a development that has historically coincided with major turning points.

Meanwhile, according to popular analytics firm Santiment, XRP has just recorded its largest spike in realized losses since 2022. Realized losses measure the total value of coins sold at prices below their acquisition cost. In practical terms, this metric captures the scale of capitulation moments when investors exit positions at a loss, often driven by fear and uncertainty.

Santiment noted that the previous weekly milestone of approximately $1.93 billion in realized losses occurred 39 months ago. That episode, which unfolded during the depths of the last bear cycle, was followed by a 114% price rally over the subsequent eight months. While history does not guarantee repetition, the similarity in data has caught the attention of traders and analysts searching for signs of a potential bottom.

Heavy realized losses typically emerge when panic intensifies. Investors who bought at higher prices decide to cut their losses rather than endure further downside. This process, though painful, can mark a crucial inflection point. When weaker hands have exited, the supply of coins available for panic-driven selling diminishes. In such scenarios, even modest buying pressure can trigger outsized price reactions.

Furthermore, technical analyst Crypto Patel emphasized that XRP has already corrected roughly 69% from its recent all-time high of $3.66 and is now trading near $1.35 after losing key support at the $2 level. From a charting perspective, he argues that the asset is retesting a high-timeframe demand zone that previously acted as the upper boundary of a multi-year accumulation range.

Analyst Patel identifies a crucial support band between $0.86 and $0.66, describing it as a historically significant accumulation zone. According to his analysis, holding above $0.66 on a weekly closing basis would preserve the broader bullish structure. A decisive breakdown below that threshold, however, could invalidate the recovery thesis.

Additionally, crypto analyst ChartNerd noted that XRP holding the $1.12 low as a flipped support/resistance (S/R) level could pave the way for a move toward the second Fibonacci extension target at $13.

According to the analyst, a successful defense of this zone would confirm strength on the higher time frame and reinforce the broader bullish structure currently in play.

At press time, XRP was trading at $1.36, reflecting a 3.66% decline in the past 24 hours.