XRP Could Drop to $1.25 Without Breaking Key Resistance Levels

Market analyst Egrag Crypto predicts a potential drop in XRP to $1.25 unless certain price levels are breached. Despite recent trading at $2.29, XRP has not confirmed a market bottom, suggesting further declines may occur.

XRP Price Levels to Watch

XRP must close above $2.33 to invalidate the bearish forecast.
The upper edge of the Bull Market Support Band is at $2.45.
A failure to break these levels could lead to a decline toward the 0.702 Fibonacci level around $1.25.
This Fibonacci level aligns with previous breakout structures, serving as strong historical support.
A drop to $1.25 would be seen as a major retest and could reinforce long-term bullish sentiment.

XRP Current Trading Status

Currently, XRP trades at $2.18, down 0.78% in the last day and 5.08% over the past month.

Market sentiment is neutral, with only 40% of XRP's last 30 days being profitable. Analysts expect short-term gains, projecting a price of $2.50 in five days but anticipate long-term declines to $1.97 in one month and $1.65 in three months.