XRP price has experienced a significant downturn, falling nearly 20% over the past 45 days and consolidating near support at $2.70. This correction raises concerns but recent data suggests potential for a substantial rebound. Key indicators highlight increasing stability and accumulation despite this downward trend. On-chain analysis reveals that leverage levels have settled to their typical yearly range, reducing risk of cascading liquidations, while futures data shows a reduction in speculative exposure. This decrease in leverage contributes to price stability during these periods of volatility. Early signs of reversal also emerge with on-chain indicators such as net taker volume shifting towards neutrality and aggregated spot cumulative volume delta (CVD) showing an uptick. This suggests that accumulation may be underway among XRP holders. 40% bounce into Q4 is predicted based on historical analysis, while traders like Javon Marks point to a potential surge of 60%-85%. On-chain indicators support this optimism, with the fair value gap between $2.35 and $2.65 emerging as a key zone to watch for price stabilization. Fibonacci retracement levels further reinforce this expectation, aligning closely with the predicted range. While XRP is trading within a descending triangle, recent data points suggest that a rebound might be imminent. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research before making a decision.