XRP Price Could Drop to $1.90 If It Loses $2 Support
Crypto analyst MadWhale has indicated that the XRP price may fall below the critical $2 support level, potentially reaching a major support at $1.90. Key points include:
- XRP has formed a triple-top pattern, signaling weaker momentum.
- A drop below $2 could lead to an 18% decline to $1.90, aligning with key daily support.
- Another analyst, Ali Martinez, suggested that XRP could drop as low as $1.2 if it loses $2 support.
- The weekly chart shows a head-and-shoulders pattern, emphasizing the importance of the $2 level.
- Other analysts like Egrag Crypto and Dark Defender mention potential bullish scenarios if XRP maintains strength above certain resistance levels.
- CasiTrades noted that XRP is currently stable but in a waiting phase, with important resistance levels at $2.70 and $3.05 and a risk of dropping to $1.54 if it loses $1.90 support.
As of now, XRP is trading around $2.29, down over 2% in the past 24 hours.
