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XRP Could Face Decline Toward $1 If Key Support Breaks Amid Mixed Technical Signals

2025-07-01 14:56:06

XRP Could Face Decline Toward $1 If Key Support Breaks Amid Mixed Technical Signals

Main Idea

XRP faces potential decline to $1 if key support breaks, but regulatory progress and ETF prospects could drive a strong 2025 rally.

Key Points

1. XRP exhibits a descending triangle pattern, with a flat support line near $1.80–$2.00, which historically has a 54% breakdown rate, potentially pushing the price toward $1.

2. Some traders view the pattern as a falling wedge, a bullish signal, but the current setup favors bearish outcomes.

3. A decisive breach of the $1.80–$2.00 support zone could accelerate selling pressure, driving XRP toward the $1 realized price level.

4. Fundamental factors like the ongoing SEC vs. Ripple lawsuit and potential XRP ETF approval could reverse the bearish trend, with target gains near $3.35.

5. Traders should monitor the $1.80–$2.00 support zone, as a breakdown or bounce will likely dictate XRP’s near-term direction, and consider stop-loss orders to mitigate risk.

Description

XRP’s price action is at a critical juncture, with a descending triangle pattern signaling potential volatility ahead. Technical analysis suggests a breakdown below $1.80–$2.00 support could trigger a significant drop

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