XRP’s Precarious Position: Technical Support Holds the Key Amid Potential 25% Drop
XRP’s price is currently showing signs of fragility, with technical indicators like the 21-day and 33-day SMAs acting as temporary support. However, a potential 25% drop looms if these levels fail. The cryptocurrency is trading at 2.30850000 USDT as of now, with market structure revealing concerning concentration risks.
XRP’s Price Struggles: Potential 25% Drop Looms Amid Technical Support
XRP’s price trajectory shows fragility despite temporary support from key moving averages. The 21-day and 33-day SMAs currently serve as brakes against steeper declines, with the former demonstrating particular resilience during recent market volatility. These technical indicators have become critical fault lines separating stability from potential breakdown.
Market structure reveals concerning concentration risk—over 70% of XRP’s value sits in hands of holders who accumulated between late 2024 and early 2025. This creates precarious price memory levels that could accelerate selling pressure if breached. The cryptocurrency now wrestles within a falling wedge pattern, a formation that typically precedes either breakdown or breakout.
Technical analysts flag $1.76 as the next significant support, representing both the 50-week EMA and a 25% decline from current levels. While the SMA confluence provides short-term optimism, the weight of overhead supply and pattern dynamics suggest bears may soon test market conviction. "The 33-day SMA remains the last line of defense before uncharted territory," noted trader Egrag, emphasizing the precarious technical balancing act.
XRP Price Prediction: Bullish Reversal Pattern Signals Potential Breakout
XRP has formed a textbook bump-and-run reversal pattern, one of technical analysis’ most reliable bullish signals. The digital asset now retests its breakout trendline, a critical juncture that could precede significant upside.
This three-phase pattern—lead-in, bump, and run—currently sees XRP in the throwback stage following its trendline breakout. Historical data suggests successful retests often ignite powerful rallies during the final ’run’ phase. The asset’s ability to hold this support level will determine its near-term trajectory.
XRP Price Prediction: Bullish Momentum Targets $8 by 2025
Ripple’s XRP shows resilience at $2.34, defying short-term market uncertainty. Analysts identify a descending triangle formation—a classic breakout pattern—with $2.30 acting as critical support. The token’s ability to hold this level during thin holiday trading suggests underlying strength.
Technical charts point to a potential rebound toward $2.40, contingent on maintaining above the $2.26 invalidation threshold. Market observers increasingly view the current consolidation as groundwork for a multi-year rally, with $8 emerging as a plausible 2025 target.
XRP Holds Key Support as Ripple-Circle Deal Sparks Bullish Reversal Hopes
XRP demonstrates resilience NEAR the $2.30–$2.34 support range, weathering a pullback from its recent $2.65 high. The cryptocurrency’s stability aligns with its 50-day moving average and an ascending trendline that has bolstered sentiment since April.
Technical patterns suggest a bullish compression above the trendline, with a breakout past $2.70 potentially targeting $3.50. A rebound on May 25 from this critical zone has ignited speculation of an upward reversal, though market uncertainty lingers.
