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 struggled to maintain momentum over the past seven days and has had repeated failures to reclaim higher ground above $2.8. The weekly performance shows a decline of over 4%, and intraday movement in the past 24 hours has shown swings between $2.71 and $2.85.
This price movement is part of a selling pressure that has been building up since XRP lost its grip above $3on August 28. Interestingly, a technical outlook suggests that this selling pressure might eventually cause XRP’s price action to crash down to $1. Technical Analysis Points To Breakdown
Although XRP is currently showing signs of exhaustion just below $3 after its rally in July and the first half of August, many analysts would argue that the rally is still on trackto resume anytime soon. However, a technical analysis onthe TradingView platform has outlined a distinctly extended bearish scenario for XRP based on its price movements on the three-day candlestick timeframe. Related Reading XRP Price Gets $20 Target: The 2 Scenarios That Could Play Out From Here 3 days ago
According to the chart, the crypto’s structure has shifted in favor of sellersafter a rejection at $3. Short-lived rallies have failed to produce any significant higher highs on the 3-day candlestick, which has left the trend vulnerable to breakdowns to lower price zones. At the time of the analysis, XRP appeared to have already begun a significant declinefrom $2.8 and reached into the $2.7 zone. Source: Chart from Tradingview
As shown on the price chart above, as long as XRP’s price action is capped below $3, the selling pressure is likely to keep dominating. The projection shows extended downside moves that could send XRP closer to the $1 mark, with the imbalance from the late 2024 rally leaving few technical supports in between.
The charts highlight a broader bearish wave that could unfold across 2025 if current support levels fail. In such a situation, the token could not only slide below $2 but also risk plunging directly beneath $1 into the $0.70 to $0.50 price range.
This bearish target aligns with the imbalance block that was left behind during XRP’s near-vertical rise earlier in the cycle. Revisiting this level could serve to restore market equilibrium before any chance of a meaningful long-term recovery. XRP’s Price Action
At the time of writing, XRP is trading at $2.82, down by 0.5% and 4.4% in the past 24 hours and seven days, respectively. This drop is part of a broader crypto market pullback amid the most recentPersonal Consumption Expenditures (PCE) Index data, which has created some uncertainty over US interest rate cut expectations. However, trading volume and volatility are still high, and XRP has managed to rebound by 4% from its intraday low of $2.71. Related Reading XRP Price Action Turns Bearish, Analyst Says Crash Below $1 Is Coming 8 hours ago
For now, the outlook is whether XRP can hold its ground above$2.7 or if this bearish structure will transform into the crash scenario forecasted by the analyst. XRP trading at $2.81 on the 1D chart | Source: XRPUSDT on Tradingview.com Featured image from Adobe Stock, chart from Tradingview.com