XRP Price Action Turns Bearish: Analyst Warns $1 Crash Imminent

XRP faces mounting pressure as technical indicators flash red—one prominent analyst predicts a breakdown below the critical $1 threshold.

The Momentum Shift

Selling pressure accelerates while key support levels show signs of cracking. Traders brace for potential downside volatility as bearish patterns emerge on higher timeframes.

Market Realities

Traditional finance pundits might smirk at crypto's rollercoaster—but then again, their 0.05% high-yield savings accounts aren't exactly setting the world on fire either. XRP's current trajectory suggests rough waters ahead, with the $1 level becoming the next battleground for bulls and bears.

Technical Analysis Points To Breakdown

Although XRP is currently showing signs of exhaustion just below $3 after its rally in July and the first half of August, many analysts WOULD argue that the rally is still on track to resume anytime soon. However, a technical analysis on the TradingView platform has outlined a distinctly extended bearish scenario for XRP based on its price movements on the three-day candlestick timeframe.

According to the chart, the crypto’s structure has shifted in favor of sellers after a rejection at $3. Short-lived rallies have failed to produce any significant higher highs on the 3-day candlestick, which has left the trend vulnerable to breakdowns to lower price zones. At the time of the analysis, XRP appeared to have already begun a significant decline from $2.8 and reached into the $2.7 zone.

As shown on the price chart above, as long as XRP’s price action is capped below $3, the selling pressure is likely to keep dominating. The projection shows extended downside moves that could send XRP closer to the $1 mark, with the imbalance from the late 2024 rally leaving few technical supports in between. 

The charts highlight a broader bearish wave that could unfold across 2025 if current support levels fail. In such a situation, the token could not only slide below $2 but also risk plunging directly beneath $1 into the $0.70 to $0.50 price range. 

This bearish target aligns with the imbalance block that was left behind during XRP’s near-vertical rise earlier in the cycle. Revisiting this level could serve to restore market equilibrium before any chance of a meaningful long-term recovery.

XRP’s Price Action

At the time of writing, XRP is trading at $2.82, down by 0.5% and 4.4% in the past 24 hours and seven days, respectively. This drop is part of a broader crypto market pullback amid the most recent Personal Consumption Expenditures (PCE) Index data, which has created some uncertainty over US interest rate cut expectations. However, trading volume and volatility are still high, and XRP has managed to rebound by 4% from its intraday low of $2.71. 

For now, the outlook is whether XRP can hold its ground above $2.7 or if this bearish structure will transform into the crash scenario forecasted by the analyst.