News View Non-AMP

XRP Price News: Analyst Warns of 60% Crash

Published by
Anjali Belgaumkar and Qadir AK

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.

FAQs

Why is XRP price down today?

XRP’s price decline today reflects broader market weakness and confirmation of bearish divergence on weekly charts, signaling weakening momentum.

Is XRP showing bearish signals?

Yes, XRP’s weekly chart shows bearish divergence (higher price highs but lower RSI highs), signaling potential prolonged downward momentum ahead.

Could XRP see short-term rallies?

Analyst warns brief price bounces may occur but likely won’t reverse the overall bearish trend without breaking $3.20-$3.40 resistance.

Anjali Belgaumkar and Qadir AK

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.

Recent Posts

CFTC’s FBOT Reverses Biden-era Overreach That Drove Crypto Trading Offshore

The Commodity Futures Trading Commission (CFTC) announced on Thursday that it is further aligning with…

August 29, 2025

Pyth Network Soars After U.S. Government Partnership—Will PYTH Price Reach $0.5?

Pyth Network (PYTH) price is enjoying its moment in the spotlight after the token spiked…

August 29, 2025

Chainlink Price Rebounds on Strong Adoption Led By U.S. Government and Caliber

Chainlink (LINK) price rallied as much as 10% on Thursday to reach a range high…

August 29, 2025

Last Chance to Enter Bitcoin Swift Presale as Avalanche and BNB Dominate Market Headlines

Crypto investors are buzzing as Avalanche (AVAX) and Binance Coin (BNB) dominate discussions, while Bitcoin…

August 28, 2025

U.S. Government Taps Into Top Blockchains Led By Bitcoin and Ethereum to Post Economic Data

The United States Department of Commerce (DoC) has posted key economic data on blockchain technology.…

August 28, 2025

El Salvador President Reacts as $1B Bitcoin Reserve Odds Soar On Prediction Markets

El Salvador’s President Nayib Bukele recently stirred online buzz after reacting to discussions about the…

August 28, 2025