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- Anjali Belgaumkar
Anjali Belgaumkar
Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.
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Qadir AKQadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
- Aug 06, 2025 02:43 UTC
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XRP Price News: Analyst Warns of 60% Crash
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XRP $ 2.94 (-3.31%) 
Bearish Divergence Warning: XRP is showing signs of a bearish divergence on the weekly chart, hinting at a possible multi-week downtrend.
Key Price Levels in Focus: XRP faces resistance around $3.10–$3.20, with critical support zones between $2.55 and $3.00 under threat.
XRP has recently shown some strong short-term moves. A crypto analyst has warned that despite a few temporary price bounces, XRP may still be facing a larger bearish trend in the weeks ahead.
On the weekly chart, XRP is now confirming a “bearish divergence,” which is when the price forms higher highs but the Relative Strength Index (RSI) shows lower highs. This kind of setup is often seen as a sign of weakening momentum, and it last happened for XRP back in late 2020 and early 2021. At that time, the result was a drop in price that lasted nearly three months, with XRP falling over 60%.
Short-Term Pops, But Long-Term Pressure
The analyst explained that while we might still see some short-term upward moves, these are likely just temporary bounces within a larger downward trend. He warned investors not to get carried away by small rallies, saying the overall price structure still looks bearish on both the weekly and daily charts.
Interestingly, XRP’s current price movement is looking very similar to what we saw earlier this year in January, right before another pullback happened. This pattern shows that unless something big changes in the market, XRP could be in for a repeat of that earlier drop.
Important Levels to Watch
As for support levels, XRP is now testing a key zone between $2.90 and $3. There’s also been some support around $2.75, and if the price drops further, the next major area to watch will be between $2.55 and $2.62. These levels were strong resistance in the past and could now act as support.
On the upside, resistance is expected around $3.10 to $3.20, which is where XRP was recently rejected. If XRP breaks above that range, the next big resistance will be around $3.40.
In short, while XRP may continue to see price bumps here and there, the overall trend still looks bearish unless key resistance levels are broken.
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FAQs
XRP’s price decline today reflects broader market weakness and confirmation of bearish divergence on weekly charts, signaling weakening momentum.
Yes, XRP’s weekly chart shows bearish divergence (higher price highs but lower RSI highs), signaling potential prolonged downward momentum ahead.
Analyst warns brief price bounces may occur but likely won’t reverse the overall bearish trend without breaking $3.20-$3.40 resistance.
Yes 
No 
