While the broader market is slowly recovering, XRP is also struggling to climb from its lows, but honestly, its current position isextremely critical. Many analysts have already sounded the alarm: if this price level isn't held, XRP could face a severe downturn.
A Life-or-Death Line for Bulls and Bears, Being Tested Repeatedly
At the beginning of this week, the market pulled back, and XRP fell by approximately 6%, breaking below the crucial support level of $2. Over the past month, XRP has largely been oscillating between $2.00 – $2.25, only briefly dipping below during earlier corrections. But this time, the trend is noticeably weaker, even touching a low of $1.88, which made many bulls nervous.
The good news:? The $1.85 – $1.90 zone has been a "lifeline" since November 2024. Every time the price corrects to this area, funds enter the market to pull it back above $2.
The bad news:? This line is being repeatedly depleted.
Analysts Warn: A Real Break Below Could Mean Significant Downside
Analyst Ali Martinez pointed out that XRP has already broken below the lower edge of its core consolidation range from the past year (around $1.92).
If the daily chart fails to reclaim $1.92, then be cautious—the worst-case scenario could be a retreat all the way to around $1, a drop of nearly 50%.
Another trader added that the current chart resembles a rounded top / double top structure.
Once $1.88 is lost and the pattern is confirmed, the price could slowly "grind lower" towards the 200-day moving average or even the $1 zone.
But the Bulls Haven't Completely Surrendered
Of course, not everyone is bearish. Some traders believe that a bullish divergence has appeared near $1.8 for XRP, and the short-term structure isn't bad.
If it can subsequently break strongly above $2.20, then reaching $2.8 – $3.0 within a month isn't out of the question.
From a longer-term perspective, some believe the current price action is similar to the accumulation phase of 2023–2024, and the real major行情 (big move) might not unfold until 2025–2026.
Conclusion in one sentence:
In the short term, $1.88–$1.92 is the life-or-death line; from a medium to long-term perspective, XRP may still experience a major行情 (big move) after this "grinding consolidation".
The above is merely market opinion and not investment advice. The crypto sphere is risky, so trade carefully.
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