XRP at Risk: Analyst Predicts Brutal 85% Plunge to $0.30
Hold onto your ledgers—XRP might be heading for a cliff. One analyst’s crystal ball shows a gut-wrenching drop to $0.30, wiping out most of its current value. Just another day in crypto’s rollercoaster market, where ’stablecoin’ is the industry’s best inside joke.
Technical charts suggest a perfect storm brewing: weakening support levels, dwindling trading volume, and that familiar scent of panic selling. If the pattern holds, we’re looking at a fire sale for the once-high-flying token.
Of course, in crypto-land, today’s doomsday prediction is tomorrow’s buying opportunity. The same ’experts’ forecasting collapse will likely pivot to ’accumulation zone’ tweets when the price bottoms out. Such is the dance of the diamond hands.
XRP is currently trading in the green at $2.22. market analysts are watching closely, as recent movements have opened up the possibility of further gains. Looking at the 4-day chart, an analyst has said that there are two main possible scenarios for XRP’s price direction:
1. The Yellow Scenario (More Likely)
This scenario shows XRP continuing to rise, possibly reaching a new all-time high before undergoing a major correction. This structure follows a pattern of five waves that started from XRP’s low in 2013. If this plays out, a correction could follow, possibly pulling the price down to $0.40–$0.50, similar to past market behavior.
2. The White Scenario (Alternative)
This scenario shows that the current bull market actually started in 2020, not 2013. XRP is possibly in the final wave of a smaller five-wave move. If true, a smaller but still significant correction could follow, possibly lasting up to a year.
Despite the uncertainty, both scenarios expect another price increase, especially while XRP holds above the key support level of $1.20. If this happens, XRP could rise to $5.60 or even $6.60.
Short-Term Outlook
From a shorter-term perspective, XRP appears to be forming a five-wave move up from its April low. However, the pattern is not yet clear. If XRP stays above $2.12, prices could continue to rise. But if it drops below that level, we may see a correction with support between $1.84 and $2.10.
