#OneBigBeautifulBill
The risks of a 50-70% drop persist for $XRP 👎
A descending triangle formation following the strong rise of XRP risks strengthening the bearish outlook, with projected declines around $1.14, or 50% from current price levels.
#SpotVSFuturesStrategy Analyst Xanrox warns of a much deeper correction ahead, citing a multi-year ascending triangle that has defined XRP's price action since 2017.
A key part of his thesis is the formation of a large Fair Value Gap, or FVG, during XRP's vertical movement earlier this year. Historically, such imbalances have been aggressively covered after strong pullbacks.
He projects a similar outcome following XRP's recent rally to $3.40 in 2025, pointing to a drop towards the lower trend line of the triangle around $0.60, a pullback of ~70% from current prices.
However, not all analysts are bearish. Mikybull Crypto sees a symmetrical triangle setup targeting $3.70 by September, while XForceGlobal projects between $8 and $27 based on Fibonacci levels.
Others cite a breakdown of a descending wedge and whale accumulation, with targets near $3.20.