NewsBTC

12 March 2025

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Analyst Warns of Potential XRP Price Decline Below $2 Support Level

An analyst has raised concerns about the price trajectory of XRP, suggesting it may face a significant decline. A bearish Head and Shoulders pattern is forming, indicating potential selloffs if critical support at $2 is breached.

Key Points

• The Head and Shoulders pattern signals possible downward movement.
• XRP has lost 11% in the past week amid broader market pressure.
• Traders believe that a drop below $2 could lead to prices around $1.80 or lower.
• XRP closed at approximately $2.10 after a weak recovery, but many remain cautious.
• Maintaining above the $2 support level is crucial for avoiding further declines.

Market participants are closely monitoring XRP's performance, as its next moves could significantly affect short-term pricing.