BTCC / BTCC Square / cryptodailyUK /
XRP Teeters on Edge: Technicals Flash Warning for $2 Plunge—Timing the Drop

XRP Teeters on Edge: Technicals Flash Warning for $2 Plunge—Timing the Drop

Published:
2025-05-29 12:09:37
6
2

XRP Price Analysis: Technicals Indicate Another Leg Down to $2, But When?

XRP bulls are sweating as charts paint a grim picture—another leg down to $2 looks imminent. But when’s the hammer falling?

Subheading: The Breakdown Nobody Wants to See

RSI’s screaming oversold, volume’s drying up like a Wall Streeter’s empathy, and that key support level? Toast. Classic bearish trifecta.

Subheading: The $2 Question

History doesn’t repeat, but it rhymes—last time these patterns appeared, XRP got halved in 14 days. Watch the weekly close like a hawk.

Closing thought: Another ‘buy the dip’ opportunity… or just another chance for crypto to separate retail traders from their paychecks? Place your bets.

When Will XRP Price Start Moving? Bullish News Aplenty, But the Coin Does Not React

The XRP price failed to react meaningfully to some very bullish news in 2025, but analyst Marcel Pechman thinks this is about to change.

The news in question was the SEC dropping their lawsuit earlier this month, and the fact that XRP has been mentioned as a potential coin for the US Bitcoin Strategic Reserve.

Pechman suggests that the news has failed to move the needle due to US Senator Cynthia Lummis, (chairperson of the Senate Banking Subcommittee on Digital Assets), rejecting requests to meet with Ripple representatives.

However, as one commenter on Peter Brandt’s X thread reminded people, Ripple’s CEO Brad Garlinghouse recently dined with Trump.

More bullish news for XRP keeps coming almost every day, the latest being that Crypto.com is now offering 20-minute strike options for trading with Ripple. It’s the third coin to receive this feature, after BTC and ETH.

And more excitingly, perhaps, is that Volatility Shares recently launched an XRP futures ETF on the Nasdaq. This shows the level of institutional interest in the coin.

Traders are clearly optimistic about Ripple as the odds on Polymarket are now 83% for an XRP Spot ETF approval, possibly around October.

XRP Price Technical Analysis

The long-term charts published by Brandt show that XRP is ready for a symmetrical triangle breakout. Despite that, the price of XRP has been falling over the last two weeks, down by 8.4%, while other coins have been going up.

NewsBTC posted that if XRP’s price is unable to break above the key resistance at $2.3720, a fresh downward move may begin. The first area of support lies NEAR $2.280, followed by stronger backing around $2.2650. 

A decisive drop below that level could open the door for further losses, potentially sending the price down to $2.2350. If the bearish pressure persists, the next support level appears to be around $2.20. If that fails, sub $2 is possible, in line with Brandt’s $1 worst-case scenario.

Chart provided by CoinGecko

Could Another Coin Have More Bullish Potential?

The issue with Ripple might simply be that all this news has been priced in already, with Optimism over the US administration change now overshadowed by the number of long-term holders now taking profit. And the various token unlocks for XRP are causing sell pressure.

This is a downside to holding a blue-chip coin like XRP. Traders looking for a coin without such a speckled history are searching for newer tokens such as UNIL.

UNIL is the utility token of an AI-powered trading and hedge fund manager, called Unilabs.

With constant updates of news from the 1000s of crypto projects, and so many factors involved, like we see with Ripple, investors may be getting information burnout. But since we are in the age of AI, why not get AI to work out the best choices?

That’s the concept behind Unilabs and their AI-based offerings. There are four funds, which already contain approx. $30 million of investors’ money. These funds have been selected and are primarily managed by AI, comprising an RWA fund that deals in tokenized commodities, a BTC fund, a Mining fund, and, unsurprisingly, an AI fund.

However, what’s getting traders even more excited now is the UNIL token itself. 

With a tiny market cap of around $9M, and the coin being launched in presale a few weeks ago, there is so much room for it to grow. Contrast that with Ripple’s $136B market cap. Early UNIL holders will receive special benefits, including a share of the fees generated on the platform. To find out more, visit the Unilabs website and Telegram.

|Square

Get the BTCC app to start your crypto journey

Get started today Scan to join our 100M+ users