Analyst Calls 30% XRP Price Crash. Here’s why

XRP has come under renewed pressure amid a broader market downturn that has affected several top cryptocurrencies. After a recent rally, Bitcoin pulled back, falling below $95,000. This slump has triggered bearish momentum across the board, and despite excitement for potential XRP ETF approval , the digital asset was not spared. Within the past few days, XRP saw its value decline significantly after hitting an intra-week high of $2.36. The asset dropped nearly 8% from that peak, and as of now, it has erased much of the prior week’s rally and is trading at $2.2, down 1.6% over the past 24 hours. Short-Term Support Level Remains Intact Despite the pullback, some analysts believe XRP still retains key technical support. In a recent update, market observer BitGuru (@bitgu_ru) noted that the token holds above a crucial consolidation range on the 1-hour chart. $XRP just faced a sharp drop from $2.3094 to $2.1543 after failing to hold above the recent consolidation range. Despite the sell-off, the price is still above the major support zone, and a bounce-back toward $2.25 or higher #XRP #TradingView pic.twitter.com/l73J2RU9Fi — BitGuru (@bitgu_ru) April 30, 2025 We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Despite the drop, the digital asset has held its position above the support level at $2.15. BitGuru suggested that continued strength above this support level could open the door for a short-term rebound. He outlined the potential for a recovery toward $2.25, with further upside possible if bullish momentum resumes. Some projections have even pointed to a scenario in which XRP revisits its all-time highs, possibly climbing to the $10-$20 range soon , though such targets remain speculative. Analyst Predicts XRP Decline Not all analysts share that optimism. In contrast, BLOCK BULL (@TheBlockBull), a well-known market analyst, recently issued a bearish forecast for XRP. He shared a technical breakdown on X, suggesting the asset will experience a 30% correction. His analysis points to a failed breakout attempt from the upper end of a bull flag pattern on the daily chart. According to BLOCK BULL, XRP’s rejection from that resistance zone has already triggered a downturn, and further weakness could bring the price as low as $1.55. He identified $1.55 as the bottom of the flag structure, positioning it as a potential target during a continued downturn. However, the projected dip could present a strategic opportunity for accumulation . The analyst indicated that large investors may use this type of price movement to enter at a discount, suggesting that although retail investors may find it difficult, long-term holders should maintain their positions. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Analyst Calls 30% XRP Price Crash. Here’s why appeared first on Times Tabloid .

Source: TimesTabloid