Analyst Warns of 74% XRP Price Crash – Can It Be Avoided?

XRP, the digital asset behind Ripple’s blockchain, is facing a potential bearish trend, with crypto analyst EGRAG Crypto warning of a 74% price drop. This prediction comes as XRP’s funding rate turns negative and the broader market experiences a downturn, with XRP already losing 5% in value over the past week.

The coming months could determine whether XRP faces a major setback or turns the tide in its favor.

A Troubling Pattern Emerges

IIn a recent tweet, EGRAG Crypto shared insights into XRP’s price movements, highlighting key patterns in its historical chart. He points out that every time XRP has reached a key level called Fork C, it has seen major price drops ranging from 64% to almost 90%

This time, EGRAG predicts a 74% drop, which could bring XRP down to $1. If this trend continues, it would be a critical moment for the cryptocurrency.

It Might Get Worse Before It Gets Better

Looking at past data, EGRAG’s concerns seem valid. XRP has faced sharp corrections at key levels in December 2015, May 2017, September 2018, and April 2021, with an average drop of 74%. This suggests that XRP could face another steep decline if the trend repeats itself.

Avoiding the Crash: The $4 Barrier

To avoid a bearish scenario, EGRAG stresses the importance of XRP closing above $4 on the weekly chart before March 10, 2025. If XRP fails to reach this level, it could face another significant downturn. This $4 mark is a critical point to watch in the coming months.

Adding to the urgency is the upcoming lunar eclipse on March 14, which EGRAG points out has historically coincided with market volatility and price drops.

Funding Rates Add Pressure

The situation is further complicated by XRP’s funding rates, which have turned negative. This indicates a higher number of traders betting against XRP’s price, adding pressure to its current position. 

Negative funding rates often reflect bearish sentiment in the market, making it more challenging for XRP to maintain stability.

Curious about XRP’s next move? Read XRP Price prediction to stay ahead of the market trends and potential price swings!

XRP Price Outlook

Despite these short-term concerns, EGRAG remains optimistic about XRP’s long-term potential. He believes that if XRP can break through the $4 resistance level, it could pave the way for a rally toward $13-$15.

The coming months will be crucial in determining whether XRP can avoid a steep decline and move toward a more promising future.

Only time will tell what’s next for this cryptocurrency.

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