The XRP worth has spent the previous week struggling with bearish momentum, and the most recent dip beneath the $2 worth degree has additional added to the bearish sentiment. The cryptocurrency briefly slid underneath this psychological degree up to now 24 hours, persevering with a multi-week sequence of lower highs and lower lows.
Regardless of this pullback, one crypto analyst on X proposes that the present motion is not as alarming because it seems. His worth chart, which maps XRP’s weekly candles, exhibits the XRP worth falling to a well-known assist space inside a bigger descending channel.
XRP Worth Nonetheless Buying and selling Inside A Yr-Lengthy Vary
XRP’s break beneath $2 might be the final blow for a lot of bullish merchants, however some are nonetheless holding on. In his breakdown, the analyst reminded followers that XRP has been transferring throughout the identical broad vary between $1.90 and $3.50 for practically a 12 months. In response to him, the latest drop to the decrease boundary of this vary is solely the market revisiting an already-established zone.
Associated Studying
He highlighted the inexperienced assist area round $1.90, which has repeatedly prevented a deeper collapse all through late 2024 and early 2025. The chart he shared exhibits XRP’s weekly candles inching towards that assist, touching the sting of the descending yellow channel that has formed worth motion because the final main rejection close to the crimson resistance band above $3.
Protecting this worth motion and the price range in mind, the analyst famous that nothing significant adjustments except XRP breaks beneath $1.90 A breakdown beneath this space, in his phrases, would ship XRP “again to McDonald’s,” which is a much more extreme retracement. Nevertheless, so long as the inexperienced assist is in place, the continuing decline will be categorized as noise inside a bigger consolidation section.
On the other finish of the chart sits the $3.60 resistance. The crimson zone marking this space was examined earlier within the 12 months however rejected strongly, creating the broad vary XRP has been caught in ever since. Clearing this ceiling, the analyst mentioned, would unlock what he referred to as “the street to Valhalla.”
XRP Price Chart. Source: @stedas On X
The Street To Valhalla: What Comes After A Break Above $3.6
If XRP manages to interrupt via the $3.60barrier, the analyst believes the trail opens towards aggressive upside targets. His put up listed potential milestones at $7, $12, and probably even $25 if momentum expands right into a full-scale rally. The yellow upward projection line within the chart illustrates how rapidly XRP might transfer as soon as that resistance is flipped into assist.
Associated Studying
These worth targets are in line with mid-scale predictions by different analysts. XRP worth predictions on the excessive finish vary from three digits at $100, up till $1,000. On the time of writing, XRP is buying and selling at $1.96, down by 8% up to now 24 hours.
Featured picture created with Dall.E, chart from Tradingview.com
