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XRP Price Alert: Critical Breakdown Threatens $2.28 Support – Here’s Why It Matters

XRP Price Alert: Critical Breakdown Threatens $2.28 Support – Here’s Why It Matters

Author:
Newsbtc
Published:
2025-07-07 07:00:04
16
2

XRP teeters on the edge as bears push toward a make-or-break level.

The $2.28 support isn't just another number—it's the last line of defense before a steeper drop. Here's what traders are watching:

• Liquidity zones: A break below $2.28 could trigger algorithmic sell-offs
• Historical precedent: This level held during May's market-wide flash crash
• Whale activity: On-chain data shows accumulation near this price floor

Meanwhile, Bitcoin maximalists are already drafting 'I told you so' tweets—because nothing unites crypto like schadenfreude.

Next 48 hours will decide whether XRP bounces or joins the list of 'former top 10 coins.' Either way, leverage traders are about to learn a painful lesson about overconfidence.

XRP Price Could Stage A Classic Bear Trap

While there has been some recovery in the crypto market and, by extension, the XRP price, there has not been enough momentum to show that this is a sustained increase. This is something that crypto analyst MyCryptoParadise alludes to in their latest analysis, warning that it is possible that the digital asset might end up seeing a classic bear trap.

The reason behind this is the fact that there have been a number of bearish developments on the XRP price chart that suggest that the price is likely to go down. For one, a Change of Character toward the more bearish side puts sellers in the lead, and this usually signals the start of a bearish downturn.

Another development that has rocked the altcoin is an inverse Cup and Handle pattern that is still in the process of playing out. The crypto analyst also explained that these developments, in addition to the break below the key support trendline, suggest that a crash is coming for the XRP price.

From here, bears are already applying pressure that could result in a 10% crash. This would push the cryptocurrency back toward the previous support, and according to the analyst’s chart, this lies just above the $2 level. What this means is that a crash from here also puts the altcoin at risk of falling below $2, something that would be incredibly bearish and could lead to freefall.

XRP Price

Wait For Confirmation Before Moving

MyCryptoParadise outlined that the best way to play this analysis is to wait for confirmation. With the bearish thesis, they explain that it is best to wait for the XRP price to see a “proper pullback” before they enter the market. This WOULD increase the risk-to-reward ratio after the trend direction has been confirmed.

However, there is also the possibility that the XRP price does not crash from here and that lies at the $2.28 level. The analyst explained that if the price is able to cleanly break above this level and make a successful close above $2.28, then it would invalidate the bearish thesis and mark a continuation of the uptrend. “In such a case, it’s better to stay patient and wait for clearer price action before making any decisions,” the analyst said.

XRP price chart from TradingView.com

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