XRP's Price Plunge Predicted: Analyst Warns of $1.5 Crash

XRP's price has been volatile in recent weeks, with a crypto analyst predicting a potential decline to $1.5 if a critical resistance level fails to hold. Despite a recent uptick, the analyst, MadWhale, has shared a price analysis indicating that XRP could face further downward pressure.

MadWhale, who has a strong track record in identifying cryptocurrency trends, predicts that XRP's price could crash below $1.9 to $1.5. The analyst highlights that XRP is currently in a downtrend, making lower highs and lower lows, which suggests a bearish structure. According to MadWhale's price chart, XRP is trading within a descending channel and approaching a key resistance level at $2.00.

If XRP is rejected at this resistance level, the analyst warns that the next support area and downside target will be around $1.90, representing a 17.62% value drop. A complete failure of the resistance level and a break below the $1.90 support level could lead to another major breakdown in XRP's price, with a potential decline of 35% to the next major support level at $1.5.

MadWhale suggests that this decline could serve as a pivotal point for price stabilization and a possible reversal in XRP's fortunes once bearish pressures wane. The analyst's price chart also shows that XRP recently tested the upper boundary of the descending channel but faced a rejection near the resistance.

In contrast to these bearish predictions, XRP's price has recently experienced a significant surge, with a double-digit price increase in just one day. Analysts attribute this unexpected sharp surge to the United States' crypto reserve plan announced by Donald Trump, which included XRP in its strategy to boost the country's debt strategy and crypto dominance. As news of this plan spread, the XRP price saw a 24.5% increase, pushing its value significantly above the $2.5 threshold once again.