Analysts Warn XRP Price Could Plummet to $1 If This Happens..

XRP price remains in the spotlight of market analysis, and analysts predict that its price will decline soon. Crypto analyst Martinez predicted it to be around $ 1, a 58% drop from its current level.

Currently, the price is $ 2.33 which makes this a good potential loss. Another bearish signal is the head-and-shoulders pattern that has formed since December 2024.

Consequently, if it follows this trend again, price is likely to drop and experience a rather considerable decline.

Head-and-Shoulders Pattern Signals Bearish Momentum

Martinez highlighted the head-and-shoulders pattern on the XRP price daily chart. This formation often signals trend reversals, leading to a sharp decline. The neckline at $2 serves as a crucial support level. If price breaks below this, it could confirm the bearish outlook.

Over the last 24 hours, price had remained forming the right shoulder of this bearish pattern. Martinez notes that this final phase boosts the odds for a downward move. If Ripple price goes below $2 , investors will start panicking, selling in the market, and will reduce the price of XRP to $1.

This is not the first bearish warning for XRP price. Analysts have previously predicted sharp corrections, but XRP price has remained strong. However, with this pattern forming, investors are growing cautious about the next move.

Analyst Predicts XRP Price Breakdown

Notably, financial analyst Jesse Colombo also pointed to the head-and-shoulders pattern. He emphasized that $2 is the key level for XRP’s future direction. If the token closes below this level, it could accelerate losses.

Interestingly, Colombo noted that head-and-shoulders formations are strong bearish indicators. If XRP price confirms this setup, a massive price drop may follow. However, he did not specify how low XRP could go in the worst-case scenario.

Despite multiple past predictions of a crash, XRP price has defied expectations. It has managed to stay above major support levels, even during market corrections. However, Colombo’s analysis suggests that this time could be different.

Experts See Deeper Drop to $0.60

Additionally, some analysts predict that price has a potential possibility of going even lower. Another famous analyst, IncomeSharks, even predicted that it could fall to $0.60. This is because they claim that XRP price trading exhibits the pump and dump pattern.

This means that the token price surges and experiences a sharp decline within the same period. Furthermore, this has been supported by the head-and-shoulders pattern. Some critics even state that its long-term growth does not seem sustainable and it should rebound soon.

Despite these signals, price has not experienced a severe decline in each cycle. However, depending on the given technical indicators and overall market environment, the share price may face certain pressure.

Bullish Analysts Predict XRP Price Rally to $5

However, not all analysts share the bearish sentiment. Captain Faibik believes a bullish pennant pattern is forming. He predicts a rebound that could push XRP price to $5.

According to Faibik’s analysis, the price of this top cryptocurrency may go against the head-and-shoulders formation.

It means that if Bitcoin maintains its position, the price of XRP will also rise and may go up. However, this goes against the forecast some other analysts have suggested when they are bearish.

XRP price was down to over 10% today as Bitcoin sold for a price of $83,000. Hence, if the trend of Bitcoin continues to lower, the price of XRP may also fail to sustain at the present level. Some analysts forecast Bitcoin to reach a low of $70K which will exert pressure on altcoins.