# XRP Retraces 72% of Rally

> XRP drops 72% from peak as traders eye $1.17 support.
- Title: XRP Retraces 72% of Rally · 24/7 Wall St. | Shortify
- Summary: XRP drops 72% from peak as traders eye $1.17 support. XRP has retraced 72% of its rally from $0.50 to $3.65, with traders watching the $1.17 level to…
- Keywords: xrp, ripple, crypto, fibo, retracement, price target, trading, cryptocurrency, Retraces, Rally, 24/7 Wall St.
- Source: 24/7 Wall St. — https://247wallst.com/investing/cryptocurrency/2026/10/09/xrp-retraces-72-of-its-rally-is-1-17-the-next-target
- Author: Sam Daodu
- Published: 2026-10-09T22:30:26+00:00
- Read time: 1 min
- Topics: xrp, ripple, crypto, fibo, retracement, price target, trading, cryptocurrency
## XRP Retraces 72% of Rally
XRP has surrendered most of its historic rally and traders are locking in on a single price level that could determine whether the selloff deepens or finally finds its floor.
## XRP Price Drop
XRP has given back approximately 72% of its impressive rally from $0.50 in November 2024 to an all-time high of $3.65 in July 2025.
## Current XRP Price
As of October 9, 2026, XRP is around $1.39, about 62% below its peak, after a nearly 9% drop over the last week.
## Key Retracement Level
Traders are now closely monitoring the $1.17 level on XRP’s chart, a key retracement point about 16% below its October 9 price.
## Fibonacci Retracement Levels
XRP has already dipped below the $1.70 mark, the 61.8% retracement level traders watch closely. This leaves $1.17 as the next crucial point, representing the 78.6% level.
## Price Action History
XRP traded near $1.05 in late June 2026 before bouncing back with a strong 46% rise to reach $1.53 by late September.
## Recent Price Drop
XRP is down about 3% over the past month but has fallen almost 9% in just a week, remaining roughly 50% lower than it was a year ago.
## Next Target for XRP
If selling pressure persists, XRP is likely to test $1.17 next, but buyers could step in again at this critical level, causing a further decline of about 16% from the October 9 price.
## Key takeaway

XRP has retraced 72% of its rally from $0.50 to $3.65, with traders watching the $1.17 level to determine if the selloff deepens or finds floor.