XRP News Today: XRP Faces 97% Drop to $0.80 as Analyst Forecasts Bear Market Scenario

A prominent cryptocurrency analyst has outlined a stark bear market scenario for XRP, suggesting the token could plummet from its current $3.26 level to as low as $0.80 if historical price cycles repeat [1]. The projection, attributed to EGRAG CRYPTO, hinges on technical patterns and regulatory uncertainties that could trigger a 97% decline from a hypothetical $27 peak. This forecast contrasts with recent bullish momentum, as XRP broke a 7-month trading range to hit a multi-year high of $3.65 earlier this month [1].

EGRAG’s analysis posits two primary bearish pathways for XRP. The first scenario models a 2017-style cycle, where a $27 peak would collapse 97% to $0.80, a level the analyst describes as a “buy zone” for long-term investors. A second, more moderate case envisions a $9 peak followed by an 85% drop to $1.30, derived from a symmetrical triangle pattern. Both models emphasize the inevitability of market corrections, with EGRAG cautioning, “What goes up must come down,” while noting that cyclical declines are a universal phenomenon [1].

The bearish outlook contrasts with recent institutional confidence in XRP. Whale activity shows accumulations of 280 million tokens, and firms like Nature’s Miracle Holding have allocated $20 million to XRP treasury programs. Despite these bullish signals, the asset remains down 8.6% over the past week, though it has surged 438.7% year-to-date [1]. Analysts like Jonathan Carter acknowledge short-term volatility, suggesting a $3.00 support level could test resilience before potential moves toward $4.60 or a retest of $2.50 [1].

The potential for a sub-$1 price point raises concerns about XRP’s utility as a cross-border payment tool. A 90% collapse could undermine institutional adoption and liquidity, particularly if regulatory pressures intensify. EGRAG’s model assumes a worst-case scenario but acknowledges variables such as legal resolutions in XRP’s ongoing court battles or macroeconomic stability could alter outcomes [1].

While the analyst’s projections are speculative, they highlight the inherent volatility of the crypto market. XRP’s performance is closely tied to broader sector trends; a downturn could signal a broader correction in digital assets. Investors are advised to monitor regulatory developments, macroeconomic shifts, and on-chain activity for clues about potential inflection points [1].

Source: [1] [From $27 to $0.80? Analyst Unveils XRP’s Potential Bear Market Scenario] [https://coinmarketcap.com/community/articles/688792c2fb184a125f70ccef/]