XRP Price Watch: Breakdown Below $2 Could Trigger a 50% Drop

XRP Price Watch: The Next Move for Bulls and Bears in This Crucial Zone

XRP Price Watch – XRP, the payment-focused cryptocurrency, is currently testing a critical support zone near $2, a level that could confirm a significant head-and-shoulders (H&S) pattern and signal the start of a bearish trend. The H&S pattern, known for its three peaks— with the middle one being the highest—could indicate a trend reversal if XRP drops below the $2 level, which has been a key demand zone since January.

Head-and-Shoulders Breakdown Could Lead to a Price Drop

The neckline of the pattern, drawn horizontally from the base of the three peaks, marks the key support area. For XRP, this support zone is between $1.90 and $2. A price move below this range would trigger the H&S breakdown, indicating a shift from a bullish to a bearish trend. If the breakdown occurs, some analysts, including veteran trader Peter Brandt, predict a significant price drop, potentially seeing XRP fall nearly 50% to $1.07.

Measuring the Potential Drop: What’s Next for XRP?

Using the measure move method to identify potential price targets, analysts calculate the distance from the top of the head to the neckline and subtract this from the breakdown point. For XRP, this would suggest a potential drop to $1.07 if the head-and-shoulders pattern fully plays out. On the upside, bulls will need to overcome the $3 level, the lower high created in early March, to regain control of the trend and avoid further bearish pressure.

Outlook: Support at $2 Key for XRP’s Next Move

As the global markets react to the latest tariff developments, XRP‘s price action near the $2 support level remains pivotal. A break below this zone could confirm a bearish trend, while holding above it could keep the door open for a potential recovery, especially if bulls can target higher resistance levels like $3. Investors will closely monitor these levels for any signs of a trend reversal or continuation.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.