Sign Up on MEXC
Highlights
- A top expert predicts XRP price crash to $1.90.
- XRP slipped over 15% today amid the broader crypto market crash.
- Despite the massive selloff, experts remained optimistic on the future trajectory of the coin.
XRP price has been on the investors’ radar lately amid the ongoing crypto market crash. However, a top market expert has revealed key levels for Ripple’s native crypto, predicting a potential crash to below $2. So, here we explore what lies ahead for XRP and the crucial support levels that the crypto must hold.
XRP Price Faces Major Threat, Key Levels Identified
A renowned analyst recently highlighted XRP’s vulnerability, citing the 21-day Exponential Moving Average (EMA) as a crucial indicator. The expert, EGRAG CRYPTO noted that the crypto market downturn has put XRP at risk of a decline, with support levels at $2.30 and $1.90 acting as potential last defenses.
“We could see a drop as low as $2.30, with $1.90 being the last line of defense.” the expert stated on X. Despite the bearish outlook, they also suggested that this dip could present a buying opportunity, urging investors not to let fear dictate their decisions.
TD Sequential Indicator Adds To Bearish Outlook
Another prominent crypto analyst Ali Martinez reinforced the bearish sentiment, pointing to the TD Sequential indicator. According to Martinez, this tool had signaled a sell-off a week ago, suggesting traders should have exited earlier to avoid losses.
“The TD Sequential indicator told us to sell $XRP a week ago. We should have listened!” Martinez explained while sharing an updated price chart.
What’s Next For XRP Price?
With the crypto market facing heightened volatility, XRP’s next move depends on how it reacts to key support zones. If the token holds above $2.30, it might stage a recovery. However, a break below $1.90 could trigger a deeper sell-off.
Notably, XRP price fell 15% to $2.43 during writing, with its one-day trading volume skyrocketing 448% to $35 billion. However, the crypto’s Relative Strength Index is at 34, signaling a bullish momentum ahead for the asset. Despite that, XRP Futures Open Interest was down by 35%, reflecting the bearish market sentiment.
Meanwhile, experts remained bullish on the future trajectory of the coin. Despite a massive selloff by the Ripple whales and John Deaton predicting a potential crash ahead, experts predicted a potential XRP price rally to $5 ahead.
On the other hand, several experts deem this recent XRP price crash to be due to the recent crypto market crash. However, as per experts, Ripple’s native crypto is poised for a rally ahead, potentially hitting the brief $4 mark.
- Senate Banking Committee Releases Updated Draft Crypto Market Structure Bill
- Michael Saylor’s Strategy Fails To Make S&P 500 Listing, MSTR Stock Drops
- Solana Treasury Company SOL Strategies Gets Approval To List On Nasdaq
- Fidelity, Grayscale, VanEck Dump Ethereum Amid ETH Price Crash
- Ethereum Treasury Firm SharpLink Confirms Compliance Amid Nasdaq Oversight
- Chainlink Price Eyes $55 as Reserve Holdings Jump With 43,937 LINK Addition
- Cardano Price Targets 30% Surge as Top Economist Calls for Fed Cut
- ETH Price Forecast as Grayscale’s Covered Call Ethereum ETF Spurs Optimism — Is $8,500 in Sight?
- Bitcoin Price Prediction as SEC Unveils Agenda for Crypto Regulation — Is $200K Next?
- ONDO Price Prediction Amid Bitget Collaboration on Tokenized Stocks and ETFs: Is $2 Next?
