XRP Price Prediction: Analyst Warns of 30% Plunge to $1.55—Here’s the Trigger

Crypto markets brace as a top analyst flashes red on XRP, forecasting a brutal 30% correction. The culprit? A perfect storm of regulatory headwinds and whale sell-offs.

Why the bearish outlook? The SEC’s lingering legal shadow and overleveraged derivatives traders could spark a liquidity crisis. Meanwhile, ’institutional accumulation’ now looks more like bag-holding.

Silver lining: History shows Ripple’s token rebounds harder after these shakeouts—assuming you survive the margin calls. As always in crypto: Buy the rumor, sell the news... and ignore the ’financial advisors’ who still think TA works in a market driven by Elon Musk tweets.

XRP Rejected from Bull flag Following this downturn, the commentary predicts a steep price decline to $1.55, representing a 30% regression from the channel’s top and 28.6% from the current market price. Notably, the price mark aligns with the bottom of the flag pattern. Meanwhile, BLOCK BULL insists that the possible capsize was only temporary and a perfect entry position. He urged investors to hold their bags, as whales capitalize on dumps of this nature for maximum profits. Support Still Holding Nonetheless, analyst BitGuru highlighted in a parallel tweet that despite XRP’s downside, it still holds a crucial support area. The high-ranking asset has corrected over 6% in the past two days, slumping from $2.30 to $2.15, yet the analyst noted that it has held above a consolidation range on the 1-hour timeframe.

XRP Trends Above Lower Timeframe Range Meanwhile, the market watcher noted that a trend above the range’s support at $2.15 could spark a rapid price rebound to around $2.25 and possibly even higher prices. Interestingly, another analysis suggests the coin could pump to as high as $5 next month, a new all-time high. In the meantime, XRP trades at $2.17, down 3% since the start of the day.