XRP Crashing? Analyst Sounds Alarm On Looming Price Threat
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An analyst expressed concerns about XRP’s price transfer, warning that cryptocurrency could be On the edge A sharp decline.
A bearish price pattern is forming on the chart, which, if confirmed, may lead to a large amount of selling. Crypto analyst Stephen said this is a shocking source. Some traders now believe XRP Depends on its ability to maintain critical support levels.
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Head and shoulder patterns attract attention
XRP’s chart shows a typical Head and shouldersthis is a widely recognized indicator of potential decline. The formation has a support line of $2, which is the key level to monitor. In other words, XRP is free-falling.
#xrp Huuuuuge Warning!!!!!!!!! pic.twitter.com/lllwrykrsn
– Steph is a cryptocurrency (@Steph_iscrypto) March 10, 2025
If XRP drops below this threshold, this mode may result in other losses. Analyst Steph believes this could lead to XRP entering a downward trajectory, which will eliminate recent gains and test lower price levels. Some market observers agree that those who assert that a reduction of less than $2 could result in a price of $1.80 or less.
Market Pain: XRP fell 11%
XRP is under a lot of pressure. Altcoin has maintained over the past seven days Loss 11%. XRP is not impermeable by selling; the overall crypto market has been a headache. Investors are cautious about this, as any lasting decline below $2 could cause greater losses.
However, some traders believe that the current price behavior reflects normal volatility and believe that XRP has experienced similar conditions and rebounded effectively.
Short rebounds provide short breathing
XRP fell below $2 for the first time since November. It recovered weaker Tuesday morning, closing at about $2.10. However, this recovery does not guarantee safety. Many traders are still cautious, waiting for whether the bearish pattern works or whether XRP can maintain its base above the key level.
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Key Points: $2 support level
For XRP, the next few days are crucial. If the buyer step in and put the price above $2, the cryptocurrency may escape more declines. However, if sales pressure increases, rest below this level may lead to further losses.
Traders and investors will closely monitor the incident as it has the potential to significantly affect Altcoin’s short-term price transfer.
Despite increased market uncertainty, some analysts recommend caution, while others believe this may be an opportunity for those seeking to buy at a lower price. Either way, the entire crypto community will be fully monitoring XRP’s next move.
Featured images by Gemini Imagen, charts by TradingView
