The expert analyst has suggested an immediate sale of XRP to avoid a potential 72% drop, which is expected to decline to $0.6.
The cryptocurrency XRP is being heavily discussed on social media, and many people expect its price to rise further.
Especially as the legal battle between Ripple and the Securities and Exchange Commission (SEC) is coming to an end, and there are possibilities for Bitcoin's price to rise.
However, a crypto analyst, Xanrox, has expressed his opinion on TradingView that a significant drop in XRP's price may occur.
According to them, XRP's price saw an increase of approximately 600% in 2024, after which it lost momentum and could head towards a bearish trend.
Xanrox
It is stated that the price of XRP has been trapped in a specific range for a long time, and despite the recent price increase, this trend has not been broken.
This price has been trapped in an 'ascending triangle' since 2017, which is a bearish signal under current conditions. Furthermore, the sudden price increase has created a 'Fair Value Gap' (FVG), which is generally filled through a price decrease, and this decrease is expected to be downward.
The analyst has also highlighted the unusual volatility in XRP's price and the history of traders taking liquidity.
Historically, there have been more bearish periods in XRP's price, indicating that bears are dominant over this cryptocurrency.
Regarding the price, Xanrox believes that XRP has peaked, and investors should now consider closing their positions.
They expect the price to drop from the $2.1 level to $0.6, which is equivalent to a 72% decrease, and this is the same level from which a major rally started in 2024.
Therefore, those who bought before the rally should secure their profits, and those who joined later should exit even if it means taking a loss.
Futures traders have also been advised to close their positions and, if possible, take short positions to secure profits.
Overall, this analysis regarding XRP is a cautious and warning message that there may be a significant decrease in price.$XRP $BNB #NFPWatch #TrumpVsMusk $BTC 
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