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Amid the crypto market downturn, technical analysts have predicted Ripple (XRP) to drop below $1.80 before likely increasing. XRP price traded at $1.90 as of press time.
This represented a drop of 13.22% in one day according to CoinMarketCap.
The cryptocurrency market shows intense activity according to the $104.24 Billion market value plus $12.09 Billion daily transaction volume.
Although the analyst expects XRP to plunge further it will only briefly go below $1.80.
This is while showing no indication of permanent damage to its future market position.
The analyst believes this price movement under $1.80 will turn out as a temporary deviation or a fakeout.
When XRP moves beneath $1.80 it may cause panic selling which can lead to price action weakening further.
The chart displayed below shows what to expect. XRP fluctuated wildly across 2024 major gains happened in the last few months. At the moment, broader market blues worsened XRP’s bearish price action.
The next important metric for XRP is its current prove level of $1.80. It’ll be key for XRP to trade above that.
Throughout history, investors have used major price points as an important barrier when prices move within defined market value regions.
Chart Signals Possible Rally After Deviation Near Key Support
Technical indicators indicate that XRP price could be preparing to shift its current trajectory.
The analysis shows that XRP price would need to see a successful and sustained recovery from its $1.80 trading zone.
XRP price was above $2.00 before facing buying pressure in April when its value slipped to lower levels further declining to the current price.
The $2.0 support zone has provided historical price protection for this market. Investors plan to enter the market at $1.80 to halt the price decline which could trigger an immediate rebound above this level.
After price recovered earlier, a rally could head for the $3.21 resistance area creating a rise of over 70% from present levels according to current projections.
The XRP price chart illustrates how the market price moved between important support and resistance levels repeatedly.
The price hit $2.00 in January 2025 but experienced a pullback right afterward.
The green support zone stands at its previous price lows so traders will probably start buying when the price touches $1.80.
Next Bullish Target Projected Around $3.21 Resistance Zone
Analysts are predicting that the price could reach $3.21 if the future market conditions are favorable and bullish.
The path towards $3.21 would bring gains of around 70% and mark an extensive market climb from the current $1.80 price levels.
When XRP moves upward from its support zone the next resistance level could likely be $3.21.
For now, XRP has remained imprisoned inside a downward movement since it entered the market in early 2025.
After bottoming out at the support level XRP usually climbs through its descending channel towards $3.21 in price.
A shift in buying demand after breaking through the descending channel’s upper border could lead the price to achieve new highs.
The ADX indiocator is currently below 25, in dicating that the current bear trend is moderately weak, increasing the likeliness of a recovery afterwards.
In the previous bullish scenario, XRP witnessed a rise of 490.25% in trading activity which showed traders are showing strong interest.
Strong buying interest coupled with higher trading volume could improve the chances for XRP to reach the $3.21 resistance level.
A price increase or decrease for XRP depends on how strongly support levels stay effective and on its ability to keep driving upwards. In addition, larger market dynamics will play a strong role in it.
The market tends to produce fakeout breakdowns at $1.80 which create buying chances for investors.
In a bullish scenario, the price of XRP may rebound from its current support level. It could then head towards its next target of $3.21 after its recent declines. It is but of course, a highly unlikely scenario for now.
XRP traders and holders need to pay close attention to price movements since the upcoming period might give them a strong chance for profit growth if XRP passes through a fakeout threat.
