Fun

XRP Price At Risk Of 20% Crash To $1.55 If This Level Fails To Hold

News Feed - 2025-06-24 07:06:41

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.


XRP has once again landed at an important support level that places it in view of a rebound upwards or at risk of a further 20% crash. According to technical analyst CasiTrades, the recent drop was anticipated for weeks, and the precision with which XRP touched the $2.01 zone has added weight to its importance. The analyst noted that the drop out of the symmetrical triangle consolidation was clean and technically sound, and the $2.01 level has so far acted as the level for anupward bounce. Technical Setup Says Danger Zone Below $2.00 Still Active


XRP price action in the past few dayshas been marked by a downtrend. XRP lost the $2.13 price level over the weekend before eventually cascading to a crash below $2 in the past 24 hours. Particularly, XRP crashed to bottom out at $1.92 before staging a rebound back above $2, at least at the time of writing. Related Reading XRP To End 7-Month Consolidation After 700% Surge – Is A Major Move Coming? 6 days ago


As it stands, XRP is now back to trading at $2.01, a price level that holds utmost importance for its price action in the coming days. According to a technical analysis posted onthe social media platform X by crypto analyst CasiTrades, $2.01 is important for XRP, as it coincides with a major 0.618 Fib support level. Source:CasiTrades on X


Supporting this view is a visible bullish divergence forming on both the 15-minute and 1-hour Relative Strength Index (RSI), as depicted on the price chart below. However, the analyst was quick to warn that confirmation is still lacking on the higher 4-hour and daily timeframes. Without these confirmations, the bounce could still be nonexistent, and XRP could crash strongly below $2.


XRP is currently at risk unless buyers manage to push its price into higher confirmation zones, specifically into the $3.00 range. According to CasiTrades, if any bounce at $2.01 fails to carry through, XRP could be headed forits next supports at $1.90 and then $1.55. The latter represents a rough 23% drop from current levels, a scenario that would invalidate the bullish RSI divergence on the smaller timeframes. Geopolitical Tensions Causing XRP Price Volatility


The timing of XRP’s sharp drop over the weekend coincided with reports of geopolitical unrest, particularly the reported bombing of Iran by the US. This event caused widespread volatility in the crypto market, which was opened over the weekend.  Related Reading XRP Price At Risk Of 20% Crash To $1.55 If This Level Fails To Hold 1 hour ago


Although the decline seems to be pausing in recent trading hours, it does not yet qualify as a bounce. XRP price is currently fragile, and without a reaction from buyersor confirmation across higher timeframes, the structure is bearish. Selling pressure from new geopolitical tensions or algorithmic moves could potentially lead to deeper declines during the new week, especially if $2.00 fails to hold. In that case, XRP could be on track to retest the $1.90 support and even collapse toward the $1.55 before the end of the week.


At the time of writing, XRP is trading at $2.01, down by 2.6% in the past 24 hours. XRP trading at $1.9 on the 1D chart | Source: XRPUSDT on Tradingview.com Featured image from Pexels, chart from Tradingview.com

News Feed

Better Business Bureau Warns of Cryptocurrency Investment Scams on Tiktok
Better Business Bureau Warns of Cryptocurrency Investment Scams on Tiktok The Better Business Bureau (BBB) has warned about cryptocurrency scams on Tiktok. “You are scrollin
Zero to $318,000: Proponents and Detractors Give a Variety of Bitcoin Price Predictions for 2021
Zero to $318,000: Proponents and Detractors Give a Variety of Bitcoin Price Predictions for 2021 While bitcoin has jumped well above the $26,000 zone, a number o
Saddle․Finance Creates New Standards for DeFi Trading
Saddle․Finance Creates New Standards for DeFi Trading sponsored DeFi is a sub-sector in the crypto industry that has witnessed significant innovation since its inception. However,
Marcel Pechman10 hours ago4 reasons why the Ether price can’t break $1,970The Ethereum network has faced withdrawals from its smart contract applications, putting the recent ETH price rally in check.7489 Total views91
Coinbase CEO Rebuffs Dogecoin Co-Founder Statements: ‘Crypto Is an Alternative for People Who Want More Freedom’
Coinbase CEO Rebuffs Dogecoin Co-Founder Statements: "Crypto Is an Alternative for People Who Want More Freedom" Brian Armstrong, CEO of Coinbase, took to Twitte
Brayden Lindrea3 hours agoBitcoin Ordinals creator Casey Rodarmor pitches BRC-20 alternative ‘Runes’Bitcoin Ordinals inventor Casey Rodarmor says a fungible token protocol like Runes wouldn’t leave as much “junk
Inter-American Development Bank to Pilot Land Registries on Blockchain
After years of talking about it, the Inter-American Development Bank is for the first time testing out a blockchain for land registries. Next month, the global organization will emb
Bitcoin Soars to Its Highest Level Since Crashing in March
Bitcoin Soars to Its Highest Level Since Crashing in March Bitcoin hit $7,600 on Thursday, its highest level yet since crashing in early March. The cryptocurrency climbed more than
TCG World partners with Chooky Records to bring Busta Rhymes, others to the metaverse
Tristan Greene4 hours agoTCG World partners with Chooky Records to bring Busta Rhymes, others to the metaverseThe legendary hip hop artist who once rapped on A Tribe Called Quest’s seminal hit “Scenario” is now in
Dogecoin Whales Buy 800 Million DOGE in 48 Hours – Smart Money Or Bull Trap?
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Centralized Exchange Operators Believe Low Liquidity on DEX Platforms Stops User Migration
Centralized Exchange Operators Believe Low Liquidity on DEX Platforms Stops User Migration Centralized cryptocurrency exchanges (CEX) operators say they are unfa
Mike Novogratz Says Bitcoin Could Return to $30,000 Next Month
Mike Novogratz Says Bitcoin Could Return to $30,000 Next Month Galaxy Digital CEO Mike Novogratz says he wouldn’t be surprised if the price of bitcoin returns to $30,000 nex