Main Takeaways:-
- XRP may drop under $1.80 before a possible surge.
- A false drop under $1.80 signals no long-term stability for XRP.
- XRP’s next aim is a possible surge to $3.21.
During the crypto market decline, technical experts have assumed Ripple (XRP) to drop under $1.80 before expected to rise. XRP price traded at $1.90 as of the reporting time. According to CoinMarketCap, this reflected a drop of 13.22% in a single day.
The cryptocurrency market displays strong activity based on the $104.24 billion market value plus the $12.09 billion daily transaction amount. Even if the expert expects XRP to drop more, it will only go for a short time under $1.80.
This is during the display of no signal of permanent defect to its potential market position. The expert thinks that the price dropping below $1.80 is just a short-term change or a false signal. If XRP falls below $1.80, it might make investors get scared and start selling, which could make the price drop even more.
The chart below shows what might happen. XRP’s price went up and down a lot during 2024, with big gains in the previous few months. At present, the overall market downturn is making XRP’s price drop even more.
The upcoming notable value for XRP is its present verification level of $1.80. It will be key for XRP to trade higher than that. Over time, investors have used key price levels as important points that can stop or slow down price changes when prices remain within certain market value areas.
Chart Shows Possible Price Rise After Brief Drop Near Important Support Level
Technical Indicators show that the XRP price could be planning to change its present trajectory. The expert shows that an XRP price would be required for a successful and steady comeback from its $1.80 trading zone.
XRP price was over $2.00 before experiencing purchasing pressure in April when its value went down to lower levels continuing to drop to the present price.
The $2.0 support zone has acted as past price support for this market. Investors aim to step into the market at $1.80 to stop the price movement decline which could cause an instant bounce back above this level.
The Next Upward Goal is Projected Around the $3.21 Resistance Zone
Experts are assuming that the price could hit $3.21 if the future market situations are hopeful and strong. The way to $3.21 would bring gains of about 70% and indicate a broad market surge from the present $1.80 price level.
When the XRP goes above its support zone, the upcoming resistance level might be $3.21. At present, XRP has still been locked up inside a drop since it joined the market at the beginning of 2025.
After hitting the lowest point at the support level, XRP generally starts rising again in its downward direction, moving up toward the price of $3.21. The ADX indicator is presently under 25, which shows that the current downward trend is not very strong, so there is a higher chance that prices might go back and recover soon.
In the last upward trend, XRP experienced a rise of 490.25% in trading activity which clearly showed that traders are expressing great enthusiasm.
If more people start buying XRP and the trading volume increases, there is a good chance the price could go up to the $3.21 resistance level.
Read also:- XRP ETF to Start a 2x Leveraged Investment on NYSE Arca
Disclaimer: We at Bitcoinik.com present you with the latest information in the crypto market. However, this information should not be regarded as financial advice, and viewers should consult their financial advisors before investing.
