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XRP Price Crash: Why This Critical Support Level Must Hold Now

XRP Price Crash: Why This Critical Support Level Must Hold Now

Author:
Bitcoinist
Published:
2026-02-02 19:30:27
11
3

XRP teeters on the edge. The digital asset's recent plunge has traders watching one key chart level—break below, and the sell-off could accelerate.

The Line in the Sand

Every market has its inflection points. For XRP, that point is now. Technical analysis points to a specific support zone that has historically acted as a springboard for rallies. Lose that footing, and the path of least resistance shifts decisively downward.

Market Mechanics at Play

It's not just about lines on a chart. The pressure reflects a broader recalibration—a mix of regulatory overhangs and shifting capital flows within the crypto complex. When major supports crack, algorithmic selling often kicks in, exacerbating the move.

The Bull Case Hinges on Holding

For the optimistic, this is the ultimate test. A firm bounce here would signal strong accumulation and could set the stage for a meaningful counter-trend move. It's the classic finance dance: fear meets opportunity, with charts as the scoreboard.

The coming sessions are critical. Watch that level. In crypto, as in traditional finance, sometimes the most sophisticated trade is simply recognizing when the market is telling you to get out of the way—or that it's time to make a contrarian bet that would make your fund manager blush.

XRP Price Faces Another Crash If Key Support Breaks

Crypto market expert Scott Melker, also known as ‘The Wolf Of All Streets’ on X, has shared a bearish outlook for XRP’s price. The analyst stated that XRP is currently trading at a critical inflection point after an extended selloff that erased a large portion of its previous gains. He said this point was the last meaningful support on XRP’s weekly chart before a much deeper drop becomes likely. 

Melker called XRP’s current chart setup “crazy,” noting that the cryptocurrency is hovering right above a major air pocket around the $1.60 support area. According to him, a failure to hold this level could lead to an aggressive MOVE lower as demand thins out below current prices.

XRP

The chart shows XRP losing momentum after rolling over from its post-breakout highs earlier in 2025, with the price slipping back below levels that had previously acted as dynamic support. Volume has also cooled compared to the explosive rally phase, suggesting that buyers are becoming more cautious as uncertainty grows and prices plummet. 

For traders, Melker noted that the support level offers one of the cleanest risk-to-reward setups currently available for XRP. If support holds, he believes that a bounce could develop quickly. However, if XRP breaks below $1.60, the downside could open up fast, making it easy for traders to cut losses and step aside. In essence, unless bulls can defend this key support level convincingly, the XRP price crash may not be over yet. 

Analyst Predicts XRP Price Top And Bottom

Pseudonymous crypto analyst ‘BRUH’ has also shared a bold prediction for XRP on X. According to his technical analysis, XRP could reach a price bottom between $1 and $1.20, signaling a prolonged period of subdued price action. With the cryptocurrency currently trading above $1.50, a drop to these levels WOULD represent a decline of approximately 20%-35%. 

The analyst further noted that XRP is unlikely to experience a significant rally until 2028, the year of the next bitcoin halving. When that upward momentum arrives, BRUH predicts that XRP could reach a price top between $8 and $10, offering substantial potential gains for long-term holders. Given recent price declines, this projected price top suggests investors may need to be patient and take a long-term approach to capitalize on XRP. 

XRP

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