【Is XRP on the Edge? Technical Breakdown + Capital Movement May Trigger a 25% Deep Correction!】
Market alarm has been sounded, and XRP's short-term support is precarious——if it breaks down, it could trigger a chain decline, potentially nearing $1.55!
Although XRP recently broke through its downtrend line since February, the price quickly fell back to $2.03 and is currently struggling to hold the $2.10 level. Analysts suggest this may not be a true reversal, but rather a "false breakout trap."
"If XRP fails to hold $2.25, the next support levels will be at $2.01, $1.90, or even $1.55. This is a cleansing drop, but it might just be the 'life-and-death washout' before a big surge."
From a technical perspective, the RSI and stochastic indicators have both entered the oversold zone, but no signs of a bottoming out have yet emerged. Market sentiment remains weak, with all eyes focused on the $1.95~$1.88 range——this is the critical battleground for whether XRP can stabilize in the next phase!
Additionally, XRP remains highly correlated with Bitcoin and ETH, and mainstream coins are currently in a high-level consolidation phase; if the overall market corrects, XRP is likely to "sink with the tide."
However, it is worth noting that analysts like CasiTrades remain confident in the mid-term outlook:
"If this correction completes and recovers quickly, XRP is expected to challenge the $3 mark by the end of July."
In summary: Be cautious and defensive in the short term, but consider accumulating on dips for the long term! Volatility tests us, but it also breeds opportunity!
