The cryptocurrency landscape is constantly evolving, and Ripple $XRP continues to stand out as one of the most relevant players, both for its innovations in cross-border payments and for the regulatory controversies it faces.
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💥XRP at risk? The market is predicting another crash!
Over the weekend, XRP $XRP price saw another decline, breaking the key support of $3. This move puts it at risk of further losses, with the downtrend appearing to intensify .
At the same time, several negative technical patterns have emerged on the altcoin. Given this scenario, and the persistence of selling pressure, analysts warn that XRP could be headed for an even more significant decline.
💥XRP price could drop to the bottom of the channel
According to crypto analyst CobraVanguard, there is a possibility that XRP's price could experience a rapid decline to the bottom of the current channel. This scenario is occurring because the altcoin risks falling into the PRZ (Potential Reversal Zone), outlined in the chart shared by the analyst on TradingView.
This PRZ zone is located around the $2.8 level, meaning the altcoin is dangerously close to breaking below this level. At this level, two scenarios could occur.
The first is that the bulls manage to maintain momentum and trigger a rebound. If so, the bearish hypothesis would be invalidated and the price of XRP could start a new bullish wave. If, however, the price were to drop below this zone, it would open the way for the bears and lead to the complete destruction of the support at $2.8 , taking the cryptocurrency towards the bottom of the channel, until it reaches levels around $0.26 before the downtrend ends.
💥Descending triangle in favor of bears
Another crypto expert, KooksooTrade , also expressed concern , warning that XRP could be facing a potential decline. The analyst points to the formation of a bearish descending triangle, the break of which could trigger a new wave of losses.
The price of XRP has already broken the neckline, which is why the decline has continued. Following this trend, the analyst states that "the low has not yet been reached" and predicts the altcoin will decline further into the $2.45 to $2.50 range before the decline concludes.
Analyst SwallowAcademy confirms this formation in response to the analysis, emphasizing that it is indeed a classic bearish pattern. Pointing to the breakout of the neckline, he explains that this is a strong signal suggesting further declines. However, unlike KooksooTrade, he expects the price to drop below the $2.45–$2.50 range before seeing a rebound.
💥In conclusion
Analysts from CobraVanguard, KooksooTrade, and SwallowAcademy converge in painting a cautious picture for XRP in the near term . The potential decline towards the PRZ zone around $2.8, combined with the formation of a bearish descending triangle and a break of the neckline, suggests the altcoin could face further downside pressure.
While a rebound near these key levels cannot be ruled out, the risk of a continuation of the downtrend remains high, with the decline possibly extending to levels around $2.45–$2.50 or even to the bottom of the channel. Investors should therefore closely monitor price developments and consider appropriate risk management strategies.
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