Cryptocurrency experts predict a 50% drop in XRP

The cryptocurrency XRPis trying to recover from the latest market downturn, but analysts warn that if the coin does not hold its current level, its price could fall by another 50%, to lows in 2024. After the start of the week, XRP lost about 6%, falling below the $ 2.00 support and reaching $ 1.88, the lowest level in several weeks. Over the past month, the asset has been trading in the $ 2.00-$ 2.25 range, but with the start of the correction, it has again gone beyond the lower boundary of the range.

XRP usually recovered after falling to the $ 1.85-$ 1.90 support zone, which has happened many times since the breakout in November 2024. However, the situation now looks critical. Analyst Ali Martinez noted that the token has moved beyond its yearly trading range ($ 1.92-$ 3.27), and if it fails to gain a foothold above $ 1.92 on the daily close, it could fall to $ 1.00, its lowest level in more than a year.

Another trader, known as Cheds, warns that XRP is «flirting with a breakout on the lower timeframe.» His chart shows a double top formation (the M-pattern), which will be confirmed if the price falls below $ 1.88. In this case, the coin could drop to the 200-day average area at around $ 1.00.

Despite the pessimistic scenarios, some market analysts remain optimistic. Trader Nils believes that XRP «looks good» at current levels, as it shows a bullish divergence on the daily chart. In his opinion, after breaking through the resistance at $ 2.20, the asset could rise by 27−37% and reach $ 2.80-$ 3.00 within a month.

The ChartNerd analyst also sees similarities between XRP’s current dynamics and the 2023−2024 pattern that preceded the large-scale breakout in November 2024. He suggests that the token may continue to consolidate in the current range before the next phase of active growth, probably between now and the end of 2026.