XRP Price Declines 16% as Analysts Warn of Potential Drop to $1.1
The XRP price remains stable in 2025, despite a recent market downturn affecting large-cap assets. However, it has experienced a nearly 16% decline over the past week.
Potential Risks for XRP
- A crypto analyst suggests XRP could face a significant drop, potentially halving its value in coming weeks.
- This forecast is based on a head-and-shoulders pattern observed on XRP's 12-hour chart.
- The head-and-shoulders pattern indicates a possible trend reversal from an uptrend to a downtrend.
- If XRP breaks below the neckline around $2, it may target approximately $1.1, representing a 50% decrease.
- A close above $2.8 would invalidate the bearish outlook.
- A reclaim of $0.8 could lead to a bullish run for XRP.
Currently, XRP trades at around $2.17, with a slight increase of 1% in the last 24 hours.
