XRP Plummets 44% to $1.40 as Bearish Trends Intensify

XRP’s price has been on a downward trajectory, with trader Ak47 predicting that the token could plummet to $1.40, a level not seen since October 2024. Currently trading just above $2.00, XRP has retreated from its $3.40 peak earlier this year, raising concerns about a deeper correction. Ak47’s prediction, based on technical signals and historical patterns, has sparked urgent questions about the potential lows for XRP’s price. These concerns come at a critical time as the Ripple vs SEC case concludes.

Ak47’s bearish outlook is centered around a key “order block” at $1.40, a price zone where significant buying interest has historically emerged, potentially halting further declines. The trader’s technical chart indicates that XRP has broken below a “Change of Character” (CHOCH) on the daily timeframe, signaling a bearish trend shift. Ak47 plans to buy at $1.40, indicating confidence in a rebound from that floor. This aligns with historical XRP corrections, such as the 60% plunge in 2022 during the market-wide selloff. A 44% decline from $2.5 to $1.4 would be steep but not unprecedented.

Several macroeconomic and crypto-specific challenges are driving XRP’s downward pressure in 2025. Global risk-off sentiment amid trade tensions and a drop in the S&P 500 weigh heavily on risk assets like XRP. Additionally, the Federal Reserve’s tight monetary stance limits liquidity, removing the demand-driven rallies seen in prior years. The crypto market’s saturation and a flight to traditional safe havens like gold divert demand from XRP. These factors create a challenging environment for the token, making Ak47’s bearish scenario plausible.

XRP commenced trading at $2.054 and initially slumped to the $2.067 support. Violent fluctuations ensued immediately after XRP abandoned the support and fell to $2.037. With the RSI indicating oversold conditions, a reversal occurred with the 9:00 AM golden cross in support. A stable uptrend formed, leading XRP to $2.118 at 15:25 UTC. However, XRP faced rejection at this point and remained resilient, testing the resistance again. Failure to break across resulted in a sharp reversal as XRP slumped back to $2.053. The RSI again indicated oversold conditions, and a trend reversal ensued. XRP climbed back up to test the resistance level, but the rejection continued in the absence of further buying pressure. An extended downtrend formed, with XRP reaching $2.060 in the early hours of April 17. The XRP price currently stands at $2.095 after an early morning upward trend.

The $2.1 mark has been a significant barrier for XRP’s progress over the past two days. A bearish trend seems to be forming, with XRP struggling with the $2.12 resistance. After a recent correction, XRP appears to be struggling with $2.12. If this pattern continues, the XRP price may soon see a significant fall on the charts. Currently, the lack of buying pressure is apparent through XRP’s movements, and it is likely XRP will continue to fall. If it establishes support soon, some meaningful progress could be on the cards.