XRP Price Risks Falling To $1.5 Before Reversal, Top Expert Predicts

Rupam Roy
February 12, 2025
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XRP Price Risks Falling To $1.5 Before Reversal, Top Expert Predicts

Highlights

  • Top expert predicts a potential XRP price to $1.5.
  • The analyst expects a strong reversal following the crash.
  • XRP slipped more than 3% today with derivatives data indicating further declines ahead.

XRP price has continued to retrace again, falling to $2.4 from its one-day high of $2.51. Notably, the recent recovery has fueled hopes among investors towards a potential surge to $3 but the recent retreat amid a broader crypto market downturn has dampened the market sentiment. Amid this, a renowned market analyst has hinted towards a potential crash for Ripple’s native crypto to $1.5 before it could witness a strong reversal.

A Quick Peak At XRP Price Recent Performance

XRP price today was down over 3% to $2.41 while its one-day trading volume was muted at $4.46 billion. Notably, the crypto has touched a 24-hour high and low of $2.51 and $2.38, respectively.

Furthermore, the token’s Relative Strength Index is at 38, indicating that Ripple’s native asset is nearing an oversold condition. This “oversold” indicator usually signals a bullish momentum ahead for the cryptocurrencies.

XRP Price Chart
XRP Price Chart

However, the recent stagnant phase has weighed on the investors’ sentiment. For context, the crypto has touched a local high of $3.39 in January before falling to as low as $1.95 this month. Following that, the crypto has hovered between $2.2 and $2.5 with major positive catalysts failing to boost the price.

Top Expert Predicts Likely Crash For Ripple’s Crypto Price

Amid the gloomy momentum noted in the market, a top market expert CasiTrades has warned of a potential XRP price crash to $1.8, citing ongoing consolidation in the market. The expert predicts one more low before the correction is completed, with key areas to watch between $1.92 and $1.88.

Meanwhile, the expert noted that a breakdown below this level could target support of $1.53, while a break above could target $2.92. The expert notes the market is at a critical juncture, with a decision imminent.

XRP Price Chart
Source: CasiTrades, X

Is XRP Price Recovery To $3 Possible?

Despite XRP price hovering near the $2.4 mark over the past few days, some experts have remained optimistic about the future trajectory of the coin. For context, top market experts have recently revealed key support levels for Ripple’s native crypto, breaking which could trigger a rally to $3 for the crypto.

In addition, the latest market trends for Ripple also indicate a bullish momentum ahead for the crypto. For context, top lawyers have recently revealed that the US SEC might start dropping the crypto cases in the coming months. Having said that, the market speculates over the future of the long-running Ripple Vs SEC case conclusion.

Simultaneously, XRP ETF has gained momentum lately. This investment instrument, if launched, could further boost the crypto’s appeal to traders, which in turn can trigger a strong rally. However, XRP Futures Open Interest was down about 5% in the last 24 hours to $3.55 billion and from $7.8 billion noted in January. This gloomy data also resonates with the crash prediction of the expert in the coming days.

Ripple Open Interest
Source: Coinglass
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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Rupam is a seasoned professional with three years of experience in the financial market, where he has developed a reputation as a meticulous research analyst and insightful journalist. He thrives on exploring the dynamic nuances of the financial landscape. Currently serving as a sub-editor at Coingape, Rupam's expertise extends beyond conventional boundaries. His role involves breaking stories, analyzing AI-related developments, providing real-time updates on the crypto market, and presenting insightful economic news. Rupam's career is characterized by a deep passion for unraveling the complexities of finance and delivering impactful stories that resonate with a diverse audience.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.