Analyst Shares Why He’s Not Worried About XRP | Crypto News
The XRP price has spent the past week struggling with bearish momentum, and the latest dip below the $2 price degree has additional added to the bearish sentiment. The cryptocurrency briefly slid under this psychological degree in the past 24 hours, persevering with a multi-week sequence of decrease highs and decrease lows.
Despite this pullback, one crypto analyst on X proposes that the current motion shouldn’t be as alarming as it seems. His price chart, which maps XRP’s weekly candles, exhibits the XRP price falling to a acquainted help space inside a bigger descending channel.
XRP Price Still Trading Inside A Year-Long Range
XRP’s break below $2 could be the ultimate blow for many bullish merchants, but some are still holding on. In his breakdown, the analyst reminded followers that XRP has been shifting within the same broad vary between $1.90 and $3.50 for practically a 12 months. According to him, the latest drop to the decrease boundary of this vary is solely the market revisiting an already-established zone.
He highlighted the inexperienced help area around $1.90, which has repeatedly prevented a deeper collapse throughout late 2024 and early 2025. The chart he shared exhibits XRP’s weekly candles inching toward that help, touching the sting of the descending yellow channel that has formed price motion since the last major rejection close to the purple resistance band above $3.
Keeping this price motion and the price vary in thoughts, the analyst famous that nothing significant modifications unless XRP breaks below $1.90 A breakdown beneath this space, in his phrases, would ship XRP “back to McDonald’s,” which is a far more extreme retracement. However, as long as the inexperienced help is in place, the continuing decline could be categorized as noise inside a bigger consolidation section.
On the alternative end of the chart sits the $3.60 resistance. The purple zone marking this space was examined earlier in the 12 months but rejected strongly, creating the broad vary XRP has been caught in ever since. Clearing this ceiling, the analyst said, would unlock what he called “the road to Valhalla.”
XRP Price Chart. Source: @stedas On X
The Road To Valhalla: What Comes After A Break Above $3.6
If XRP manages to break through the $3.60barrier, the analyst believes the trail opens toward aggressive upside targets. His post listed potential milestones at $7, $12, and doubtlessly even $25 if momentum expands into a full-scale rally. The yellow upward projection line in the chart illustrates how rapidly XRP may transfer once that resistance is flipped into help.
These price targets are constant with mid-scale predictions by other analysts. XRP price predictions on the high end vary from three digits at $100, up until $1,000. At the time of writing, XRP is trading at $1.96, down by 8% in the past 24 hours.
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