BEARISH 📉 : XRP Risks 50% Correction If It Fails Key Support

XRP is currently trading between $1.40 and $1.45, attempting to maintain its local range lows. A market observer indicates a potential recovery if critical levels hold.

XRP At Critical Inflection Point

  • Crypto analyst ChartNerd suggests XRP could be positioned for a major bullish shift.
  • The cryptocurrency has experienced six months of decline with MACD and RSI at historical oversold levels.
  • Key technical indicators include the 50-Month EMA, an eight-year resistance line, and a Fibonacci demand zone.
  • The 200-week EMA is seen as a critical level, not tested since 2024.
  • If XRP holds above the moving average, it may reach new all-time highs.

xrp

Analyst Warns Of New 50% Correction

  • A bearish outlook warns of a significant drop if XRP loses the 200W EMA.
  • If XRP closes below the 200W EMA around $1.41, it might descend to $0.70.
  • Previous cycles show a 50% crash when failing to hold this critical level.

Currently, XRP trades at $1.39, experiencing a 3% daily decline.

XRP, XRPUSDT