0 0
XRP Price Must Stay Above $1.95 Or Risk Crash To $0.9
A crypto analyst, known as 'Guy on the Earth', has highlighted a critical support level for XRP that could influence its price trajectory. The cryptocurrency recently closed below the $1.95 monthly support zone, a first in 13 months, which may signal increased downside risk.
Key Points
- XRP has fallen below the $1.95 support level, with potential to drop to $0.90 if it fails to recover.
- This decline represents over a 50% crash from current levels around $1.85.
- The last similar breakdown occurred during April's US tariff market stress.
- To stabilize, XRP must reclaim and maintain above the $1.95 level.
- Analyst suggests reducing exposure until a confirmed daily close above $1.95.
- Potential accumulation zones identified at $1.61, $1.42, and $0.90, with $0.75 as a previous breakdown area.
- Increased selling from Bitcoin could exacerbate XRP's losses.
Outlook
- Despite recent declines, a bullish recovery remains possible as sellers show signs of exhaustion.
- XRP is near a rectangle resistance, and Bullish Divergence may still emerge across timeframes.
