Will the XRP price crash again?

The XRP (XRP) price has dropped by 17% in the past seven days and 27% last month, which has lost several important support levels on the way.

This asked the market participants whether the price of XRP could continue to decrease in the coming days.

XRP price level to observe below $ 2.40

The latest price crash from XRP made it possible to lose the most important support levels, including 100-day-free moving average (SMA) at $ 2.43 and the psychological level of USD 2.40.

Related: XRP Open interest is at 2025 low – do Altcoin dealers give up?

Traders are now concentrating on key areas below this level, which XRP could possibly visit again if the persistent bear remains.

Above all:

• The first interest rate area of ​​XRP remains deep between its previous area with USD 1.90 (formed on December 9, 2024) and the latest range of $ 2.06 (reached on February 25).

• XRP may be aimed at the liquidity cluster in this area if the support is lost at USD 2.15.

• An immediate postponement for the bulls would be a sharp reversal from this area, which indicates less than $ 2.40.

• Otherwise, XRP could fall lower to test the Fair -Value upper limit between USD 1.51 and 1.82 US dollars again, which were formed during the rally between November and December 2024.

• Note that the 200-day SMA is just below this area and indicates a strong demand zone over $ 1.50.

According to Pseudonymous Analyst Cvotrades, the range of over 2.00 US dollars is a strong support zone for XRP, which says that losing this will lead to a decrease of USD 1.70.

“Look at the weekly closure. If it is below 2.09 US dollars, it sweeps $ 1.77. “

XRP Price Bear Flag Information on $ 1.73

From a technical point of view, XRP acts in a bearish sequel, which, despite the continuing consolidation, shows a further disadvantage.

Key points:

• XRP acts within a four -hour time frame within a bear flag pattern, which indicates the possibility of continuing with the downward dynamics if the most important support levels do not apply.

• The bear flag developed between $ 2.60 to a local low of $ 2.06 between February 24 and 25.

• The consolidation within the bear flags has the XRP trade in an ascending parallel canal, with the price tests today critical support levels, including the lower limit of the flag, at $ 2.20.

• A breakdown of this level could trigger another price accident.

• The downward target of the bear flag, derived from the height of the previous decline, is approximately 1.73 US dollars and corresponds to a decrease of 22% from the current price.

This article does not contain investment advice or recommendations. Every investment and trade movement is the risk, and readers should carry out their own research results if they make a decision.