XRP's Plunge Predicted: Top Expert Warns of $2 Crash

Top Expert Predicts XRP Price Crash To $2, What’s Next?

XRP, the native cryptocurrency of Ripple, has been in the spotlight recently due to its potential role in the U.S. financial system and the ongoing debate surrounding its inclusion in a national crypto reserve. A top expert has predicted a potential price crash for XRP, raising concerns about its future trajectory. This article explores the expert's predictions, the current state of the XRP market, and the potential implications for the cryptocurrency.

XRP Price Crash Prediction

A renowned market analyst, EGRAG CRYPTO, has recently highlighted the vulnerability of XRP, citing the 21-day Exponential Moving Average (EMA) as a crucial indicator. The expert noted that the ongoing crypto market downturn has put XRP at risk of a decline, with support levels at $2.30 and $1.90 acting as potential last defenses.

“We could see a drop as low as $2.30, with $1.90 being the last line of defense,” the expert stated on X. Despite the bearish outlook, they also suggested that this dip could present a buying opportunity, urging investors not to let fear dictate their decisions.

Another prominent crypto analyst, Ali Martinez, reinforced the bearish sentiment, pointing to the TD Sequential indicator. According to Martinez, this tool had signaled a sell-off a week ago, suggesting traders should have exited earlier to avoid losses.

“The TD Sequential indicator told us to sell $XRP a week ago. We should have listened!” Martinez explained while sharing an updated price chart.

XRP Market Performance

XRP price has been volatile in recent weeks, with the cryptocurrency experiencing a significant sell-off today. The token slipped over 15% amid the broader crypto market crash, with its one-day trading volume skyrocketing 448% to $35 billion. However, the crypto's Relative Strength Index is at 34, signaling a bullish momentum ahead for the asset. Despite that, XRP Futures Open Interest was down by 35%, reflecting the bearish market sentiment.

What Lies Ahead for XRP

With the crypto market facing heightened volatility, XRP’s next move depends on how it reacts to key support zones