XRP Price Risks Drop Below $2 Amid Potential Crash

Crypto analyst CryptoInsight suggests that XRP's price could drop below $2, with a potential crash to a new low. Currently, XRP needs to break through the $2.30 level to invalidate this bearish outlook and signal a reversal.

XRP Price Analysis

Analyst CryptoInsight notes that XRP has made a higher low but not a higher high, indicating a bearish trend.
XRP must break a descending triangle and surpass $2.30 for a potential bullish reversal.
Despite short-term bearish signals, the long-term structure remains intact, with XRP holding yearly range lows as support.
Another analyst, CasiTrades, highlights $1.80 and $1.64 as possible bottom levels before a reversal.

Potential XRP Scenarios

CasiTrades predicts XRP will retest the macro .5 Fib at $2.04.
If $2.04 holds as support, XRP might break above $2.41 and push toward $2.65, suggesting a new bullish wave structure.
If $2.04 fails, XRP could head toward $1.64, completing a full macro .618 retracement before launching into macro Wave 3.

Currently, XRP trades around $2.08, down over 4% in the last 24 hours.