XRP Price Faces Potential 50% Drop Amid Bearish Head-and-Shoulders Pattern
1min read The XRP price has remained relatively stable in 2025, despite the uncertain market conditions that have caused several large-cap assets to struggle. However, the altcoin has not been immune to the bearish pressure that has hit the market over the past week. According to data from CoinGecko, the price of XRP has declined by nearly 16% in the last seven days.
Crypto pundit Ali Martinez, in a March 1 post on a social media platform, suggested that the XRP price could be at risk of a significant downward pressure in the near future. Martinez projected that the value of XRP could be almost halved over the next few weeks.
This bearish forecast is based on the formation of the head-and-shoulders pattern on the XRP chart on the 12-hour timeframe. The head-and-shoulders formation is a technical analysis pattern marked by three distinct swing highs, including a higher "head" between two lower "shoulders." This chart pattern signals a possible trend reversal, usually a shift from an uptrend to a downward price trend.
The trend reversal can be confirmed when the asset price breaks down beneath the neckline, which is a trendline connecting the troughs (swing lows) between the head. As shown in the chart, the XRP price recently found support at the neckline around the $2 area before bouncing back toward $2.2. The price of XRP appears to be making a U-turn for a return to the neckline. If the altcoin does return, successfully breaches, and closes beneath the neckline, investors could see a shift to a downward trend.
In the head-and-shoulders formation, the price target is calculated by subtracting the height of the pattern (vertical distance between the head and the neckline) from the breakout point. Based on this strategy, the price of XRP could target the $1.1 mark (roughly 50% decline from the current price point) if it breaks below $2.
However, it is worth noting that a strong 12-hour candlestick close above the $2.8 level would invalidate the current bearish outlook for the XRP price. Ultimately, if the XRP token reclaims $0.8, it could resume its bullish run and make a run for new highs in this cycle.
