XRP Faces Renewed Bearish Signals Amid Technical Indicators
2025-07-06 10:58:41
Main Idea
Analysts predict potential price drops for XRP based on historical patterns and current chart structures, with bearish projections suggesting significant declines from current levels.
Key Points
1. XRP's daily chart since June 28 shows a pattern similar to past instances in 2025 that led to price drops of 12% to 45%.
2. Bearish projections place XRP's support near $1.14, marking a potential 50% drop from current levels.
3. Analyst Xanrox suggests XRP could retrace toward $0.60, a 70% drawdown from present prices, based on a Fair Value Gap (FVG) from early 2025.
4. Despite bearish outlooks, some analysts project upside targets for XRP, such as $3.70 by September or a range between $8 and $27.
5. The article notes that crypto investments are high-risk and speculative, and no financial advice is provided.
Description
XRP has entered a potential correction phase as its Stochastic RSI remains in overbought territory. The indicator, which measures momentum relative to recent range, has stayed above 80 on XRP’s daily chart since June 28. Past instances in 2025 show similar setups have led to 12% to 45% price drops, averaging a 25% decline. With the same pattern forming in July, analysts anticipate a near-term pullback. Descending Triangle Adds to Downside Risk XRP’s current chart structure suggests further press...
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