"Experts Warn XRP Could Plunge to $1.5 - Will It Recover?

 XRP, Ripple's native cryptocurrency, continues to show signs of weakness in the market. Despite recent recovery hopes, a top market expert predicts that XRP could face a significant price drop to $1.5 before a strong reversal takes place.


XRP’s Recent Price Performance


  • XRP has fallen by more than 3% today as per Coinpedia Market data, dropping to $2.41, with a one-day trading volume of $4.46 billion.

  • The cryptocurrency's daily high was $2.51, while the low touched $2.38.
  • The Relative Strength Index (RSI) for XRP stands at 38, signaling that the coin is nearing an oversold condition, which could hint at potential bullish momentum ahead.
  • Over the past few weeks, XRP has fluctuated between $2.2 and $2.5, following a local high of $3.39 in January and a recent dip to $1.95 this month.


For a more detailed XRP price prediction, check out our full analysis!


Expert Prediction: XRP Could Drop to $1.5


  • Market analyst CasiTrades has warned that XRP may face a price crash to $1.8 due to ongoing market consolidation.
  • The expert predicts that the coin could reach key support levels between $1.92 and $1.88 before finding a reversal point.
  • A breakdown below these levels could see XRP testing $1.53, while a breakthrough above $1.92 could drive the price up to $2.92.
  • CasiTrades suggests that the market is at a crucial juncture, where a decision on XRP’s future price direction is imminent.

Can XRP Recover to $3?


  • Despite its recent downtrend, some analysts remain hopeful about XRP's recovery. They suggest that key support levels for the coin could trigger a rally, potentially bringing XRP back to the $3 mark.
  • Positive market developments, such as speculations about the U.S. SEC possibly dropping its case against Ripple, are fueling optimism among investors.
  • A favorable conclusion to the ongoing Ripple vs. SEC case could act as a catalyst for the crypto’s price recovery.


XRP's price is currently under pressure, with a possible drop to $1.5 before any significant rebound. However, positive market factors and upcoming legal developments may provide the momentum needed for a price recovery, particularly if key resistance levels are broken. Investors will be watching closely for any signs of a reversal.

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