Ah, XRP, the cryptocurrency that never ceases to amaze us with its unpredictable nature 🤯. While some enthusiasts are convinced that its price will reach new heights, a crypto analyst has sounded the alarm, warning of an impending 72% crash 🚨. But what’s behind this dire prediction? 🤔
The Calm Before the Storm
Crypto analyst Xanrox took to TradingView to share their thoughts on why XRP’s price is headed for a massive downturn 📉. After a 600% rally that brought XRP to new 5-year peaks, it seems the party is over, and the hangover is about to set in 🍻.
The analyst points out that XRP’s price has been stuck in a range for years, and even the recent price jump in 2024 didn’t break the curse 🔮. This range, which began in 2017, has formed an ascending triangle, a bearish sign that should send shivers down the spines of XRP enthusiasts 😱.
And then there’s the Fair Value Gap (FVG), a chasm created by the recent pump, just waiting to be filled 🌀. Unfortunately, this FVG lies at lower levels, which doesn’t bode well for XRP’s price 🤕.
Xanrox also notes that XRP is notorious for making weird moves and taking liquidity from traders while ranging 🤑. Historically, XRP has had more down periods than up, suggesting that bears often dominate the cryptocurrency 🐻.
The Crash Landing
The crypto analyst believes that XRP’s price has already topped out and it’s time for investors to start thinking about exiting their positions 🚪. Even at $2.1, Xanrox says the price is still extremely high, especially sitting at the top of an ascending triangle 🔝. From here, they expect the price to crash back down toward $0.6, a 72% decrease in price 📉.
For investors who bought into the coin before the rally, the analyst advises locking in profits at this level 🤑. For those who bought after the pump, they speculate that they got in at the top and should be looking to get out at breakeven or even eat a small loss to exit the position 🤦♂️. And for futures traders, the crypto analyst advises exiting any positions entered before the crash and switching to short positions if they want to make money on XRP 📊.
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2025-07-04 14:43