XRP Price Faces 25% Correction Risk Amid Bearish Signals
XRP, the cryptocurrency linked to Ripple, is facing renewed downside pressure as analysts caution a potential 25% correction from current levels. Despite a brief breakout above a multi-month descending trendline, the token has failed to sustain momentum, raising concerns among traders.
Currently trading near $2.10, XRP has dropped as low as $2.03 in recent sessions. According to market analyst CasiTrades, the price action may represent a false breakout, with rising open interest and stagnant price movements suggesting a likely liquidity sweep to the downside. If XRP fails to reclaim support at $2.25, critical lower levels such as $2.01, $1.90, and even $1.55 may come into play, she warned.
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Technical indicators also lean bearish in the short term. RSI and Stochastic oscillators on both daily and 4-hour charts are in oversold territory, suggesting selling pressure may persist before any meaningful recovery. The $1.95–$1.88 support zone will be closely watched for signs of a potential bounce.
XRP’s movement continues to correlate strongly with Bitcoin and Ethereum, both of which are currently consolidating within narrow ranges. Any correction in these major cryptocurrencies could further weigh on altcoins like XRP.
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Despite near-term risks, some analysts remain cautiously optimistic about the medium-term outlook. A clean break below $1.90 could potentially flush out weak hands and trigger a stronger upside reversal. If broader market sentiment improves, XRP could aim for a recovery towards $2.35 and even $3 by late July, assuming bullish momentum returns.
Disclaimer: This post is for general informational purposes only. It does not constitute financial advice. Please consult a qualified professional before making financial decisions.
