XRP Could Face Decline Toward $1 If Key Support Breaks Amid Mixed Technical Signals
2025-07-01 14:56:06

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
Latest News
- XRP Shows Potential Breakout Setup Amid Historical Patterns and Growing Institutional Interest2025-07-05 14:14:41
- Bitcoin Miners Explore AI Integration as a Potential Revenue Stream Amid 2024 Halving Challenges2025-07-05 14:12:45
- Hamak Gold Considers Bitcoin Treasury Strategy Amid Financial Pressures and Market Trends2025-07-05 14:12:03
- Ethereum and XRP Show Potential Price Shifts Amid Market Indicators and Stable Leadership on July 4, 20252025-07-05 14:01:07
- Ethereum Community Fund Unveils Strategic Plans to Propel ETH Price to $10,0002025-07-05 13:37:06