XRP Faces Potential Crash Below $1, Analyst Bobby A Warns

Crypto analyst Bobby A has issued a stark warning to XRP investors, suggesting the digital asset is at significant risk of falling below the $1 mark. His latest analysis, based on key indicators from the monthly chart, points to a concerning bearish shift that demands immediate attention from traders.

Bearish Signals Emerge on XRP's Monthly Chart

Bobby A's assessment reveals that the XRP monthly chart is displaying clear signs of weakness. The asset is reportedly trading below the critical 1.618 level, indicating a rejection of upward momentum rather than a breakout. This adverse price action is further exacerbated by the monthly candle closing near the BTCS line, a technical event historically associated with negative outcomes for XRP. The analyst emphasizes that when the Bressert indicator has crossed bearishly on the monthly chart in the past, it has consistently heralded unfavorable periods for the cryptocurrency, suggesting history could be poised to repeat itself.

Sub-$1 Scenario and Urgent Trader Caution

The immediate outlook suggests XRP is already undergoing a modest downward movement, which Bobby A warns could intensify. He postulates that XRP might need to retest significantly lower price support levels, potentially dropping beneath $1 to find a more robust foundation before any recovery attempt. Despite his long-term belief in XRP's potential, the analyst strongly advises traders to implement rigorous risk control measures and prioritize capital safety. The current market signals, he notes, are insufficient to support a major bullish rally in the mid-term, reinforcing the need for caution as the market can shift rapidly.