XRP Price Breakdown below $2: Analyst Reveals Next Major Support
18 Março 2025 - 12:00PM
NEWSBTC
Crypto analyst MadWhale has raised the possibility of the XRP price
experiencing a breakdown below the crucial $2 support level. The
analyst also revealed the next major support if XRP drops below
this support level. XRP Price Could Drop To $1.90 If It Loses
$2 Support In a TradingView post, MadWhale predicted that the XRP
price could drop to the major support at $1.90 if it loses the
psychological $2 level. He noted that XRP has demonstrated a
classic triple-top formation, with each successive peak showing
weaker momentum. In line with this, the analyst asserted that a
break below the 42 threshold appears imminent as XRP nears a
formidable resistance zone. Related Reading: XRP Price
Retraces Gains From Sunday Rally, This Important Support Level
Could Be The Defining Factor MadWhale further stated that the
downward move is expected to extend to at least $1.9, representing
an 18% decline. The analyst added that such a price decline aligns
with the primary target and a key daily support level. Crypto
analyst Ali Martinez had also suggested that XRP could drop to as
low as $1.2 if it loses the $2 support. The analyst revealed
that the XRP price was forming a head-and-shoulders pattern on the
weekly chart, which puts the $2 support level in the spotlight. His
accompanying chart showed that the crypto could drop to $1.2 if it
breaks below $2. However, despite this bearish outlook, other
crypto analysts, such as Egrag Crypto, have highlighted some
positive aspects of the XRP price. Egrag Crypto stated that
the XRP price’s dominance was showing tremendous strength and
predicted that if it successfully closed above Fib 0.5, it could
soon rally to the Fib 0.888 level. Crypto analyst Dark Defender
predicted that XRP could rally to a new all-time high (ATH) if it
continues to hold the crucial support levels at $2.04 and $2.22.
The Altcoin Still In Waiting Mode Crypto analyst CasiTrades stated
that the XRP price is holding strong but is still in waiting mode.
She added that the bullish structure remains intact, with the
altcoin holding above $2.26, which is the key .382 retracement
support. The analyst noted that XRP’s price has spent some time
flipping the consolidation to support, indicating that markets are
setting up for the next move. Related Reading: Analyst Shares Upper
And Lower Targets For XRP Price The crypto analyst revealed the
$2.70 and $3.05 resistance levels and $2.25 support level as the
key levels to watch. She remarked that the XRP price needs to flip
$2.70 and $3.05 to become support for the confirmation of the next
wave up. Meanwhile, CasiTrades suggested that XRP risks dropping to
as low as $1.54 if it loses the lower support support at
$1.90. The crypto analyst also mentioned that the price needs
to break above $3.40, its current ATH, to confirm a new trend.
Until then, the wait for signs of confirmation continues, which she
claimed may not be obvious until wave 3 in the market cycle.
CasiTrades asserted that key Fib levels have been breached, and the
market is on the edge of a breakout. At the time of writing,
the XRP price is trading at around $2.29, down over 2% in the last
24 hours, according to data from CoinMarketCap. Featured image from
Medium, chart from Tradingview.com
TRON (COIN:TRXUSD)
Gráfico Histórico do Ativo
De Fev 2025 até Mar 2025
TRON (COIN:TRXUSD)
Gráfico Histórico do Ativo
De Mar 2024 até Mar 2025