XRP Price Crash Is Not Over If This Support Doesn’t Hold

bitcoinistPublished on 2026-02-02Last updated on 2026-02-02

Abstract

Cryptocurrency analyst Scott Melker warns that XRP is trading at a critical support level around $1.60. If this support fails, the price could experience a sharp decline to new lows. Another analyst, 'BRUH', predicts a potential drop to between $1 and $1.20, suggesting subdued price action until the next Bitcoin halving in 2028, when XRP could eventually reach $8 to $10. Current market conditions show weakening momentum and reduced buyer interest, indicating further downside if key support is broken.

According to a crypto analyst, the XRP price is currently trading at a critical support level that could determine its next move if it fails to hold it. The analyst has forecasted that XRP could extend its decline to new lows after its recent crash below $1.60. This prediction comes amid a widespread market downturn, with XRP and other major cryptocurrencies showing signs of weakness as prices continue to decline.

XRP Price Faces Another Crash If Key Support Breaks

Crypto market expert Scott Melker, also known as ‘The Wolf Of All Streets’ on X, has shared a bearish outlook for XRP’s price. The analyst stated that XRP is currently trading at a critical inflection point after an extended selloff that erased a large portion of its previous gains. He said this point was the last meaningful support on XRP’s weekly chart before a much deeper drop becomes likely.

Melker called XRP’s current chart setup “crazy,” noting that the cryptocurrency is hovering right above a major air pocket around the $1.60 support area. According to him, a failure to hold this level could lead to an aggressive move lower as demand thins out below current prices.

The chart shows XRP losing momentum after rolling over from its post-breakout highs earlier in 2025, with the price slipping back below levels that had previously acted as dynamic support. Volume has also cooled compared to the explosive rally phase, suggesting that buyers are becoming more cautious as uncertainty grows and prices plummet.

For traders, Melker noted that the support level offers one of the cleanest risk-to-reward setups currently available for XRP. If support holds, he believes that a bounce could develop quickly. However, if XRP breaks below $1.60, the downside could open up fast, making it easy for traders to cut losses and step aside. In essence, unless bulls can defend this key support level convincingly, the XRP price crash may not be over yet.

Analyst Predicts XRP Price Top And Bottom

Pseudonymous crypto analyst ‘BRUH’ has also shared a bold prediction for XRP on X. According to his technical analysis, XRP could reach a price bottom between $1 and $1.20, signaling a prolonged period of subdued price action. With the cryptocurrency currently trading above $1.50, a drop to these levels would represent a decline of approximately 20%-35%.

The analyst further noted that XRP is unlikely to experience a significant rally until 2028, the year of the next Bitcoin halving. When that upward momentum arrives, BRUH predicts that XRP could reach a price top between $8 and $10, offering substantial potential gains for long-term holders. Given recent price declines, this projected price top suggests investors may need to be patient and take a long-term approach to capitalize on XRP.

XRP trading at $1.59 on the 1D chart | Source: XRPUSDT on Tradingview.com

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12.0k Total ViewsPublished 2024.03.29Updated 2026.06.02

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