The post XRP’s Worst-Case Scenario Could See a Drop to $0.30 appeared first on Coinpedia Fintech News
XRP holders are finding themselves at a crossroads as recent market trends raise questions about the cryptocurrency’s near-term future. After a strong bullish run, XRP has hit a rough patch, with technical indicators suggesting the possibility of further declines. But what’s next for XRP’s price, and how low could it go?
An analyst focused on Moving Average Convergence Divergence (MACD) and revealed that XRP experienced what’s known as a “death cross”—a bearish indicator where the short-term moving average dips below the long-term moving average. This typically means the start of a downtrend, and XRP’s price responded accordingly, falling 37% since the signal, with the current dip standing at around 31%.
This isn’t the first time XRP has faced such a critical juncture. Back in February 2018, after a similar death cross, XRP’s price plummeted by a staggering 90%, dragging it from over $3 to below $0.30.
Source: Stephiscrypto
In May 2021, the coin dropped 53% following another bearish crossover, and by November of the same year, it saw another 76% decline. These patterns suggest that death crosses aren’t just fleeting signals—they often mark the beginning of prolonged bearish phases.
So, where does that leave XRP now?
If history repeats itself, XRP could experience another significant drop. A 53% decline from its current price would take it down to around $1.40. If the downturn mirrors the severity of the 2021 drop, we could be looking at a price around $0.71. In the worst-case scenario, if XRP follows the trajectory of the 2018 crash, the price could fall below $0.30.
However, it’s not all doom and gloom. If XRP holds above important support levels like $2, it could prevent a deeper decline. But if that level breaks, the next support could be much lower, potentially opening the door to the worst-case scenario.
Many experts believe XRP is nearing a bottom, supported by strong whale accumulation and signs that the market may have overreacted to recent price movements. The question remains: Will XRP bounce back like it has in the past, or is this the start of a deeper correction? The answer lies in how the market reacts in the coming weeks.
