XRP at a Crossroads: Will Buyers Hold the Line or Face a $2.15 Plunge?
XRP's price teeters on the edge—bulls must step up or risk a brutal drop to $2.15.
Market jitters hit Ripple's token as buyers lose momentum. Can the support hold, or are traders in for a rude awakening?
Meanwhile, Wall Street 'experts' still can't decide if crypto is a scam or the future—classic hedge fund whiplash.
Directions The XRP Price Could Go
Crypto analyst Thecafetrader has highlighted the possible directions that the xrp price could go in following its decline. These include both bullish and bearish directions, both being decided by buyers and how much weight they put behind their positions during this time.
The first point that the analyst makes is the fact that the XRP price rally was driven by massive buyers. These buys had triggered a breakout above the 2024 highs, but met resistance from sellers once again. Thus, it suggests that bulls have been trapped at higher prices inside their positions. However, this is not the most concerning development.
One thing that the analyst points out is the major decline in trading volume despite XRP hitting new highs this year. For example, back in 2024, when the XRP price had first crossed the $3 mark, the daily trading volume had peaked above $78 billion. But with the new highs above $3.6, the highest daily trading volume recorded was just above $41 billion. Given this, it suggests that there is a major decline in buying interest, especially as conviction has been impacted by the price decline.
Interestingly, though, the buyers are not the only ones who seem to be abstaining from the XRP altcoin at this point. According to the analyst, there are no “real” sellers that are moving into the market. Therefore, there is still bullish momentum for a possible recovery back to $4.64.
Moving to the more bearish side, the analyst explains that the XRP price does need the strong buyers to step in to continue an uptrend. If these buyers fail to hold up, then the XRP price does risk crashing back downward from the initial $2.95 point of interest.
The targets for such a decline are placed by the crypto analyst at $3.13 initially. However, the more the price struggles, the lower the targets go. Next is the $2.95 territory, then $2.15-$2.3, which the analyst calls a “good price” for entry. Then last but not least is the $1.60-$1.93 range, marked as a “steal.”
