Is Ripple’s XRP in Trouble? Analysts look for key support before another crash

XRP has fallen to $1.77 and analysts warn that staying below $1.80 could lead to a further decline towards $1.50 amid increasing selling pressure.

XRP falls towards key support

At the time of reporting, XRP is trading around $1.77, having fallen more than 5% in the past 24 hours. Over the past week, the token has fallen by more than 7%. The daily trading range is between $1.73 and $1.87. This drop takes XRP to its lowest point since early October, when it briefly fell below $1.60.

The move followed a sharp pullback in the broader market. Bitcoin led the decline and led to altcoin liquidations. XRP was no exception. Futures data shows that nearly $71 million in long positions in XRP were liquidated, adding to the selling pressure.

Analysts warn of a break towards $1.50

Technical analyst ChartNerd said XRP May Form a Wyckoff “Springpattern, which could lead to a near-term recovery if support holds. But they also warned that continued weakness below $1.80 could confirm a bearish stance.

“The $1.50 target shows up on many of my near-term bearish fractals,” they said. “Stay below $1.80, and validity increases.”

If this support zone breaks, $1.50 will be the next level that many traders will be looking at. That zone has not been tested since October and remains a key point on several charts.

Meanwhile, analyst BitGuru noted that XRP is resting on a base after a long slide. Buyers have returned to this area in the past.

“Holding this zone could allow room for recovery from previous resistance,” they shared.

Past consolidation zones between $2.20 and $2.50 are likely targets if the price starts to rise again. For now, the chart suggests that XRP is at a decision point.

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Outside of the price action, Ripple’s former CTO David Schwartz responded to claims on social media that XRP could reach $50 or $100. When asked to quell the rumors, Schwartz said he couldn’t make exact predictions but encouraged the use of logic to assess big goals.

He recalled once doubting whether XRP would ever reach $0.25, which shows how difficult it is to predict. Still, he warned against following viral claims for no reason.