XRP Nears Possible Capitulation as Multi‑Month Selloff Shows Signs of Exhaustion

Over roughly the past 200 days, XRP has dropped nearly 60%, with one analyst arguing this prolonged slide now resembles a late‑stage capitulation. Drawing on sentiment, funding data and Elliott Wave structures across major coins, the analyst suggests downside momentum is fading even as XRP trades around $1.59 after recent double‑digit weekly and monthly losses. While a final shakeout is not ruled out, the combination of retail fatigue and weakening selling pressure is seen as a possible precursor to a market turning zone.