XRP has fallen since last Friday, but will the pain continue for the next seven days?
The cryptocurrency market was crushed this past week, and Ripple’s native token is no exception.
Even if we remove the black swan flash crash that took the price below $1 on some exchanges last Friday, the asset’s price performance has been quite painful and is about to end the week with another double-digit decline. However, there could be more pain on the horizon, at least according to ChatGPT.
What’s next for XRP?
XRP has come a long way since its mid-summer rally, when it exploded from $2.20 to $3.65 and registered a new all-time high. Since then, it has fallen by almost 40% and fallen two places in the ranking of the largest cryptocurrencies by market capitalization.
ChatGPT outlined the mostly negative sentiment in the cryptocurrency community as the leader remains “dominant and volatile” while other alts, such as ETH and BNB, have outperformed XRP. In fact, it says that Ripple’s token is “underperforming hard,” indicating “a rotation away from slower-moving assets.”
Consequently, the forecast for the week is not favorable for the XRP army. It outlined the first strong resistance levels, at $2.20 and $2.10, which could prevent a potential drop to $2, even if some analysts think XRP “wants” to go there. If the country does indeed slide towards that limit, it will face stronger support, which was formed in the spring of 2025.
In the event of an unlikely price reversal, XRP’s first resistance targets are at $2.40-$2.50, followed by a bigger hurdle at $2.80.
Bears are still holding on tight
After a weekly decline of 19% and a monthly decline of 24%, it is not easy to be bullish. Consequently, ChatGPT had the highest chances of a bearish continuation in the coming week (45%-50% probability). It raised the aforementioned support levels and said XRP needs to hold USD 2.00 to avoid another possible plunge to USD 1.60.
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While the report claimed that the bears will most likely maintain control, it also outlined the possibility of a tactical recovery after such a massive correction. According to the AI chatbot, there is a 35% chance that such an increase will be somewhere between $2.50 and $2.60.
Interestingly, the company believes that the chances of price stabilization are the lowest at these levels (between $2.10 and $2.40). With a 15% to 20% probability, ChatGPT ranked this as the least likely option over the next seven days.
“Momentum and sentiment are both bearish, but the setup looks technically oversold. Base case: Mild continuation lower early this week, followed by potential stabilization near $2.00.
Unless Ripple announces a major development (for example, an expansion of the RLUSD, a new exchange partnership or an institutional pilot), a strong recovery next week is unlikely,” the report concluded.
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