XRP Price Braces for Steeper Drop—Top Analysts Warn of Prolonged Correction

XRP bulls, buckle up—the road ahead looks bumpy. Analysts are flashing red signals as the token teeters on the edge of a deeper correction phase.

Why the gloom? Market sentiment’s turned sour, and technical indicators suggest more pain ahead. No sugarcoating it: XRP’s recent resilience might’ve been a mirage.

Meanwhile, crypto’s usual suspects—whales, leverage traders, and that one guy who always tweets ‘buy the dip’—are already positioning for the fallout. Classic.

Bottom line? If you’re holding bags, maybe don’t check your portfolio for a while. Or do—we’re not your financial advisor (and neither is that meme account you follow).

XRP is under immense pressure again. After hitting a high of $3.63 last month, the token has now dropped below the key $3 level, a 6% decline in just a few weeks. Meanwhile, a Popular crypto analyst, Ali Martinez, has pointed out several warning signs that suggest the drop may not be over yet.

Will XRP see more drops ahead? 

Ali Martinez Warns of Deeper Trouble Ahead

According to crypto analyst Ali Martinez, several warning signals are appearing that could mean a bigger drop is coming.

One key signal is from the Tom DeMark (TD) Sequential indicator, which recently flashed a sell signal on XRP’s 3-day chart. This alert showed up right at the recent price peak, just before XRP started falling.

Traders often see this as an early sign of a deeper correction, and so far, that seems to be happening.

$XRP may be headed for a deeper correction.

Here's why!

Weak Support Below Current Price

For a long time, the $3 price level has acted as a support zone for XRP. But fresh on-chain data shows that safety nets are getting thinner. The next soft cushion sits around $2.80, but it’s not expected to hold if selling pressure increases. 

The stronger, more reliable support lies further down, below $2.48. If XRP drops to that level, it could mark a much steeper correction.

Death Cross on MVRV Ratio

Another warning comes from the MVRV ratio, a key on-chain metric comparing market value to realized value. This ratio just flashed a “death cross,” a term traders use when momentum flips sharply negative. 

It’s often seen as a sign that the market is entering a bearish phase, and that more pain could follow.

Whale Activity Adds Selling Pressure

One of the more worrying signs comes from whale activity. Large holders have dumped over 720 million XRP tokens recently. This kind of offloading by major investors often creates added pressure on the market. 

It can also shake retail investor confidence, leading to even more selling pressure.

As of now, the xrp price is trading around $2.93, reflecting a drop of 3% seen in the last 24 hours, with a market cap hitting $5.42 billion.