The post XRP Price Crash Ahead? Analysts Flag Potential Drop to $0.85 appeared first on Coinpedia Fintech News
Sentiment around XRP has turned cautious as the token struggles to hold important price levels during a wider crypto market slowdown. After trading comfortably above $1 earlier in the cycle, XRP is now hovering near a critical support zone. Analysts warn that a clear break below $1 could lead to a deeper decline.
The $1 level is seen as a major psychological support. If XRP falls below this mark and fails to recover quickly, selling pressure may increase and push the price lower.
Key XRP Levels to Watch
Market analyst Tara believes XRP may continue its pullback before finding strong support.
In the short term, she sees:
- $1.30 as an important support level
- $1.65 as a key resistance level
If XRP fails to move above $1.65 and hold that level, the price could decline again. A drop below $1 may open the door for a fall toward the $0.85 to $0.87 range.
This area is considered a strong technical support zone based on previous price movements and historical retracement levels.
How Bitcoin Could Impact XRP
XRP often follows Bitcoin’s price trend. Tara noted that if Bitcoin falls toward the $52,200 support level, XRP could face additional pressure.
During market downturns, altcoins like XRP tend to drop faster than Bitcoin. If Bitcoin weakens further, XRP may see sharper losses.
Bearish Scenario for XRP
Another analyst, CasiTrades, described the recent price bounce as a temporary recovery within a larger correction.
According to her outlook:
- If XRP fails to hold above $1.65, the next downside target could be $1.09
- In a stronger sell-off, the price could slide toward $0.90
- In an extreme case, XRP may test support near $0.85
A move toward $0.85 would mark one of the largest pullbacks of this cycle.
Current XRP Price
As of now, XRP is trading near $1.38, down more than 4% in the past 24 hours.
For now, $1.30 support and $1.65 resistance remain the key levels to watch. A move above resistance could support recovery, while a break below support may lead to another drop before a stronger rebound begins.
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FAQs
A confirmed break above $1.65 could push XRP toward previous swing highs, depending on Bitcoin strength and market momentum.
Yes, but only if buyers quickly reclaim $1. A fast rebound above that level may reduce downside pressure.
A strong close above $1.65 with rising volume would signal momentum shifting bullish and potential recovery continuation.
