XRP Faces Pivotal Moment: Analyst Warns of Potential Crash to $0.9 if Key Support Fails
XRP finds itself at a critical crossroads, with a prominent crypto analyst identifying a crucial support level that could dictate its immediate future. The cryptocurrency's price trajectory hinges on its ability to maintain a key threshold, or risk a significant downturn, potentially plummeting to the $0.90 mark. As market volatility builds and investor sentiment leans towards caution, the upcoming movements for XRP are deemed vital for both short-term traders and long-term holders alike.
Navigating the $1.95 Support: A Defining Moment for XRP
A crypto market expert, known as "Guy on the Earth" on X, has issued a detailed analysis highlighting a precarious situation for XRP. The asset recently closed below the $1.95 monthly support zone, a development not seen in 13 months. This breach is a serious technical indicator, signaling an escalating downside risk. The analyst points to a similar occurrence during the April market stress, triggered by US tariff concerns, which led to a broader crypto market downturn. Should XRP fail to swiftly reclaim the $1.95 level, historical patterns suggest a potential repeat of such a decline, with severe implications for its value.
Downside Targets and Cautious Trading Strategies
The analyst's grim forecast includes a breakdown target of $0.90, which would represent a dramatic fall of over 50% from its current trading levels around $1.85. Should the price continue its descent, potential accumulation zones have been identified at $1.61, $1.42, and the $0.90 target, with $0.75 marking a critical breakdown area from a previous rally. Furthermore, increased selling pressure originating from Bitcoin's performance could exacerbate XRP's downward trajectory. For traders feeling uncertain, the recommendation is to mitigate exposure and await a definitive daily close above $1.95 before considering re-entry, a strategy aimed at limiting losses while remaining poised for a potential rebound. Despite the immediate bearish outlook, the analyst maintains that the current price action does not yet signal a full-scale capitulation, noting its proximity to rectangle resistance and the未played out bullish divergence across various timeframes.
