Ripple Price Forecast: Expert Predicts XRP Crash to $1.50 and $0.50
A market analyst, The Block Bull, has predicted a significant downturn in Ripple’s XRP price, expecting a fall to previous lows of $1.50 and $0.50. This forecast emerges amidst ongoing market uncertainty and consolidation in XRP’s price movement.
XRP’s Struggle to Sustain Momentum
XRP’s inability to break out of its consolidation phase has raised concerns among analysts. The token experienced a dramatic rise to a seven-year peak of $2.90 on December 3, achieving a 105% increase in eight days.
However, strong resistance at this level triggered a sharp decline, preventing XRP from retesting its recent high. Since then, the asset has oscillated between $2 and $2.50, occasionally dipping below $2.
The Block Bull has indicated that XRP’s mid-term outlook appears bearish. A potential drop from its current position has been suggested, with the token facing increasing pressure from broader market trends.
Is XRP’s Downtrend Imminent?
The analyst has projected that XRP’s decline could begin imminently. After a 2.34% drop yesterday, XRP’s winning streak, which started on December 10, was broken. At present, the token trades flat but shows limited signs of recovery.
The Block Bull has suggested that XRP could fall to $1.50 by next week, marking a significant decline. Notably, XRP has not revisited this level since November 29.
Further, the analyst believes the $1.50 support level is weak, predicting that XRP could slump to $0.50 between Christmas and New Year. For context, XRP struggled at the $0.50 mark throughout 2022 and 2023, only surpassing it in November 2024.
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Key Support Levels to Monitor
The $2.20 support level has been identified as a critical point for XRP. The Block Bull has warned that losing this support could lead to a rapid decline, with $1.50 being the next target. Currently, XRP trades above this support at $2.34.
Historical trends support this bearish outlook. During XRP’s 2017 rally, a 284% surge in March was followed by a 44% drop in April before recovering to an all-time high of $3.30. A fall to $1.50 from the current price would represent a 35% drop, while a slide to $0.50 would mark a 79% decline.
Proponents Remain Optimistic
Despite this forecast, several XRP supporters remain optimistic about its potential. Confidence in the token has been attributed to factors such as Ripple’s RLUSD stablecoin launch, improving market conditions, and the anticipated regulatory stance of the incoming Trump administration.
As XRP’s price currently holds steady, the coming weeks could determine whether it follows the bearish prediction or rebounds to test new highs.
