đ¨ XRP Warning: Analyst Predicts 72% Plunge to $0.6âTime to Dump?
Hold onto your walletsâXRP might be heading for a nosedive. One analyst's grim forecast suggests a 72% collapse to $0.60, sending shockwaves through crypto circles. Is this the canary in the coal mine, or just another day in volatility town?
### The Bear Case: Red Flags or Red Herring?
Markets donât crash quietly. If the prediction holds, XRP could shed nearly three-quarters of its valueâenough to make even diamond hands sweat. The usual suspects? Regulatory headwinds, whale movements, or just the marketâs love for drama.
### Cryptoâs Rollercoaster: Buckle Up or Bail Out?
Timing the market is a foolâs errandâbut ignoring warnings is reckless. Whether this dip becomes a buying opportunity or a full-blown exodus depends on who blinks first: panic sellers or bargain hunters.
Funny how 'expert predictions' always surface *after* the whales reposition. Just saying.
Why The XRP Price Will Crash
Crypto analyst Xanrox took to the TradingView website to share thoughts on why they believe the XRP price is headed for a massive crash. The analyst explains that after the 600% rally that brought XRP to new 5-year peaks, it has lost steam and could be headed downward.
The first thing is the fact that the price has been ranging for years, and even with the price jump back in 2024, Xanrox does not believe that the ranging has ended. This range began in 2017 and even after breaking above $3 briefly, the price remains inside of an ascending triangle, which is bearish at the current level.
There is also the fact that the analyst points out that the pump created a large Fair Value Gap (FVG). The thing about FVGs is that they tend to be filled, especially after the price has ranged for as long as XRP has, and unfortunately, the FVG lies towards lower levels.
The crypto analyst also calls out the fact that the XRP price is known for making weird moves and taking liquidity from traders while ranging. Historically, XRP has had more down periods than up, suggesting that bears often dominate the cryptocurrency.
How Low Can The Price Go?
The crypto analyst believes that the XRP price has already topped out, and thus, itâs time for investors to start thinking about exiting their positions. For one, even at $2.1, Xanrox says the price is still extremely high, especially sitting at the top of an ascending triangle. From here, they expect that the price will crash back down toward $0.6, which is where the price started before the 600% increase in 2024, suggesting a 72% decrease in price.
For investors who bought into the coin before the rally, the analyst advises that they start thinking about locking in profits at this level. For those who bought after the pump, they speculate that they got in at the top and should be looking to get out at breakeven or even eat a small loss to exit the position. Last but not least, for futures traders, the crypto analyst advises exiting any positions entered before the crash and switching to short positions if they want to make money on XRP.