XRP News Today: XRP Faces 41% Crash Risk as Price Stagnates Below $2.30

XRP, the cryptocurrency associated with Ripple, is currently experiencing a period of stagnation after a brief rally, leading to concerns about a potential price drop. The token has encountered strong resistance and is currently moving sideways, which has sparked debates among traders about its future trajectory. The price of XRP is hovering around $2.26, with key resistance levels at $2.28 and $2.32. If the price manages to break through these levels, it could potentially surge to the $2.35-$2.45 range. However, if the price fails to hold above $2, there is a risk of a significant drop. Analysts have warned that a break below $2 could result in a 41% crash, pushing the price down to $1.18. This scenario is particularly concerning given the current market conditions and the potential for further volatility.

On the XRP price chart, a clear upside breakout hasn’t appeared yet since the recent pullback started on July 3rd. There is a strong resistance trendline around the $2.30 level. This area has rejected XRP several times in the past, on May 24, May 27, June 16, June 30, and now again. If XRP can break above this level soon, it could open the door for a bigger rally. But as long as it stays below, traders expect the sideways movement to continue. Popular analyst Dark Defender also shared his view, saying the upcoming weekly candle close is important. He explained that if XRP can close this week above $2.28–$2.33, it will be a positive sign for next week’s price action. However, if it fails, the sideways movement could continue for a few more days. His targets for the upside are $2.33 and $2.46, while the downside supports are $2.19, $2.07, and $1.99.

Right now, XRP’s price movement remains choppy and indecisive, bouncing between resistance and support without clear direction. Although a small rally happened recently, it wasn’t strong enough to confirm a real trend reversal. For XRP to keep its current market structure intact, it must stay above the June 27 low of $1.99. A drop below this level would weaken the bullish outlook in the short term. The mid-term outlook for XRP is also uncertain, as the price is currently trading within a wide channel between $1.77 and $2.59. Neither the bulls nor the bears have established a clear dominance, making sharp price movements less likely in the near future. However, the key resistance level at $2.38 remains significant, and a break above this level could trigger a major move.

Despite the uncertainty, some analysts remain optimistic about the long-term prospects of XRP. According to forecasts, the future price of XRP could range between $11.25 and $16.00, with an average trading price of around $13.75. This optimism is based on technical and legal signals, as well as the potential for increased adoption and partnerships. Some analysts predict that XRP could revisit the $1.50 zone, while others anticipate a breakout to higher levels by the end of 2025. In summary, the current price action of XRP is characterized by sideways movement and strong resistance levels. While there is potential for a breakout to higher levels, there is also a risk of a significant drop if the price fails to hold above $2. The long-term outlook for XRP remains uncertain, but some analysts are optimistic about its future prospects.