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XRP’s recent price performance in recent days has left bullish traders wanting, with its price dipping to $2.10 and failing to trade above $2.20. Although the overall sentiment in the crypto market is relatively neutral, there is still a possibility of a bearish scenario for XRP that could push its price all the way down to $0.93, if not lower.
According to a technical analysis on the TradingView platform, XRP’s price structure is testing critical technical formation zones, and a breakdown could follow.
Breakdown Could Follow XRP Price Structure
The analysis outlines a price structure where XRP is currently pinned between descending resistance and horizontal support lines, with the $2.13 zone acting as a buffer. Above it lies the $2.58 resistance, which has proven difficult to overcome despite multiple tests. A breakout above this region could cause bullish momentum, but so far, XRP has not been able to clear it convincingly.
Related Reading: Daily Timeframe Says XRP Price Is On The Verge Of BreakoutOn the downside, if XRP fails to maintain its current level and drops below $2, a move toward the deeper demand floor at $0.93 becomes increasingly likely. However, this isn’t set in stone, as there are strong demand levels around $1.708 and $1.4248 that could derail any further crash below. These are the best price zones to buy XRP
Source: Chart from TradingviewThe weekly candlestick timeframe chart below highlights historical accumulation zones around $1.708, $1.4248, and $0.9329, which may serve as staging points for a rebound, but only if sellers do not overpower buyers at these levels
Strong Fundamentals Face Off Against Bearish Short-Term
Despite the technical risks of a price crash, XRP’s fundamentals are strong. Ripple’s settlement with the U.S. SEC earlier this year eliminated a major regulatory overhang, clarifying that XRP is not a security for retail investors. This legal clarity has opened doors for institutional interest, especially as speculation builds around the SEC approving a Spot XRP ETF. Several companies, including Bitwise and Grayscale, have already submitted filings, and analysts are expecting a decision by year-end. Polymarket data shows an 83% chance of approval in 2025.
Related Reading: XRP Price: Analyst Says Expect Biblical Move Before Historic Crash – Here Are The TargetsIn parallel, Ripple is upgrading the XRP Ledger (XRPL) to support more sophisticated financial use cases. All these upgrades are aimed at making the network attractive for banks and enterprise users
If the bullish trajectory plays out and every bullish fundamental is locked in, bullish price targets will range from $2.85 in the short term, $5.50 by year-end, and stretch targets as high as $10-$20 by 2030.
Even so, fundamentals do not always shield a token from corrective moves, especially in a high-volatility environment like crypto. If any technical breakdowns were to occur, they can override positive sentiment in the short term, and XRP has the possibility of crashing as low as $0.93. At the time of writing, XRP is trading at $2.18.
XRP trading at $2.19 on the 1D chart | Source: XRPUSDT on Tradingview.comFeatured image from Getty Images, chart from Tradingview.com
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Why The XRP Price Risks A Crash To $0.9 As Bearish Pressures Mount | Bitcoinist.com
According to a technical analysis on the TradingView platform, XRP’s price structure is testing critical technical formation zones, and a breakdown could follow.
Breakdown Could Follow XRP Price Structure
The analysis outlines a price structure where XRP is currently pinned between descending resistance and horizontal support lines, with the $2.13 zone acting as a buffer. Above it lies the $2.58 resistance, which has proven difficult to overcome despite multiple tests. A breakout above this region could cause bullish momentum, but so far, XRP has not been able to clear it convincingly.
Related Reading: Daily Timeframe Says XRP Price Is On The Verge Of BreakoutOn the downside, if XRP fails to maintain its current level and drops below $2, a move toward the deeper demand floor at $0.93 becomes increasingly likely. However, this isn’t set in stone, as there are strong demand levels around $1.708 and $1.4248 that could derail any further crash below. These are the best price zones to buy XRP
Strong Fundamentals Face Off Against Bearish Short-Term
Despite the technical risks of a price crash, XRP’s fundamentals are strong. Ripple’s settlement with the U.S. SEC earlier this year eliminated a major regulatory overhang, clarifying that XRP is not a security for retail investors. This legal clarity has opened doors for institutional interest, especially as speculation builds around the SEC approving a Spot XRP ETF. Several companies, including Bitwise and Grayscale, have already submitted filings, and analysts are expecting a decision by year-end. Polymarket data shows an 83% chance of approval in 2025.
Related Reading: XRP Price: Analyst Says Expect Biblical Move Before Historic Crash – Here Are The TargetsIn parallel, Ripple is upgrading the XRP Ledger (XRPL) to support more sophisticated financial use cases. All these upgrades are aimed at making the network attractive for banks and enterprise users
If the bullish trajectory plays out and every bullish fundamental is locked in, bullish price targets will range from $2.85 in the short term, $5.50 by year-end, and stretch targets as high as $10-$20 by 2030.
Even so, fundamentals do not always shield a token from corrective moves, especially in a high-volatility environment like crypto. If any technical breakdowns were to occur, they can override positive sentiment in the short term, and XRP has the possibility of crashing as low as $0.93. At the time of writing, XRP is trading at $2.18.