The price of XRP currently oscillates around 2,4 dollarsa level that some investors consider a sign of stability. However, others are cautious, fearing that a larger correction may be on the horizon. With bitcoin price movements often dictating the crypto market as a whole, many analysts are now predicting that if bitcoin drops below $100,000XRP could follow the same path.
XRP Price Stabilizes at $2.4 – Good or Bad Sign?
After weeks of strong growth, the XRP price managed to stabilize around 2,4 dollars. At first glance, this appears to be a positive sign, as it indicates that XRP has found a new level of support. But not all investors are optimistic.
Stability after a major rally often signals that a market is preparing for its next move – upwards or downwards. And in the case of XRP, there are signs pointing to a possible bearish trend. Here’s why:
- Lack of new peaks: XRP’s inability to rise above $2.4 suggests that the bullish momentum is fading.
- Profit taking by whales: The recent flash crash below $2 suggests that whales could take profits, particularly after the increase massive of 400% you XRP in 6 months.
- The bitcoin$104,000 fight: Bitcoin is often considered the “market leader” in cryptography. When bitcoin fails to break through key resistance, it tends to drag other cryptocurrencies like XRP down with it.
XRP/USD 45 minute chart – TradingView
While XRP remains at 2,4 dollars For now, investors are watching the market closely, especially because bitcoin is struggling to stay above 100 000 dollars. If bitcoin plunges, it could trigger a chain reaction that sends XRP crashing down.
XRP Flash Crash – What Happened?
During the recent flash crash of XRP, the price briefly fell below 2 dollarscausing panic in the market. Flash crashes of this type occur when large sell orders trigger a series ofstop sell orderswhich leads to a rapid drop in price.
XRP/USD 1-hour chart – TradingView
But in the case of XRP, the crash was short-lived. Buyers quickly stepped in, pushing the price back above 2 dollars and up to its current level of 2,4 dollars. While the recovery is a positive sign, the event also highlighted a key weakness:
- Profit taking by investors: After a 400% increase in just six months, it’s no surprise that some investors are taking their profits. The flash crash suggests that large players (often referred to as whales) could offload XRP at these higher price levels.
- Market Volatility: Flash crashes often occur during periods of high market volatility. As bitcoin struggles to 104 000 dollarssmaller cryptocurrencies like XRP experience even greater fluctuations.
- Potential warning signs: Flash crashes often indicate that a larger downtrend is on the horizon, because they reveal weaknesses in the purchasing power of the market.
The market is now watching closely to see if XRP can hold support at $2.4, or if another flash crash will push it down.
XRP Price Prediction – Will XRP drop below $2?
Many analysts now predict that the XRP price could decline in the coming weeks. After passing under his 21-day simple moving average (SMA 21)XRP emits a bearish signal.
The SMA 21 is a key technical indicator that traders use to gauge market trend. When the price falls below this level, it is often a sign that selling pressure increases. This is exactly what is happening with XRP.
Here is an analysis of the key support and resistance levels to watch:
- 2,4 $ – Current resistance. If XRP manages to rise above this level, it could trigger a bullish reversal.
- $2.1 to $2 – Key support range. If XRP falls into this range, buyers will likely step in to “buy the dip.”
- 1,8 $ – If XRP falls below the bar 2 $analysts predict the price could fall as much as 1,8 $ before finding support.
What will be the next move for XRP?
The next evolution of XRP will largely depend on the performance of the bitcoin. When bitcoin is in trouble, the rest of the market usually follows. Currently, bitcoin is facing strong resistance to 104 000 dollars. If bitcoin fails to cross this level and falls below the 100 000 dollarsanalysts believe that XRP will also face increased selling pressure.
But bitcoin isn’t the only factor to watch. Here are the key factors of next evolution of XRP:
1️⃣ Bitcoin price movement – If bitcoin falls below the bar 100 000 dollarsit is likely that XRP will also fall.
2️⃣ Investor sentiment – XRP having already increased by 400% in 6 monthsmany investors are looking for an opportunity to lock in their profits.
3️⃣ Technical indicators – The fall of XRP below SMA 21 is a key bearish signal. It indicates that the short-term trend has changed from bullish to bearish.
XRP Price Prediction – How High Could XRP Go?
Given recent market signals, analysts predict that the XRP price could continue to decline. If XRP fails to sustain above 2 $the next key support level lies at 1,8 $.
XRP/USD 4-hour chart – TradingView
Here is the bearish scenario:
- Breaking below $2.4 – If XRP continues to trade below 2,4 $this increases the chances of a retest of the $2.1 to $2.
- $2 test – If this support fails, XRP is likely to fall to 1,8 $which is the next major support level.
- Influence of bitcoin – Yes bitcoin collapses below $100,000XRP could fall quickly, especially if panic selling begins.
On the other hand, if XRP can reclaim the 21 SMA and bitcoin rises above $104,000, XRP could regain momentum and push higher, towards the previous ATH of $2.8.
