{"id":51763,"date":"2025-03-13T09:30:46","date_gmt":"2025-03-13T09:30:46","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=51763"},"modified":"2025-03-13T09:30:46","modified_gmt":"2025-03-13T09:30:46","slug":"this-crypto-analyst-correctly-predicted-xrp-price-crash-below-2-heres-the-rest-of-the-forecast","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=51763","title":{"rendered":"This Crypto Analyst Correctly Predicted XRP Price Crash Below $2, Here\u2019s The Rest Of The Forecast"},"content":{"rendered":"

A new XRP price forecast<\/a> has emerged, offering insights into the cryptocurrency\u2019s next bearish move. A crypto analyst who previously predicted XRP\u2018s crash<\/a> below $2 has provided a more comprehensive outlook, outlining key support and resistance areas that will determine XRP\u2019s next target.\u00a0<\/p>\n

According to TradingView crypto analyst, \u2018MMBTrader,\u2019 the XRP price is set to dump<\/a> below the $2 threshold. As of writing, CoinMarketCap reports that XRP is trading at $2.2, reflecting a modest 3% increase in value in the last 24 hours.\u00a0<\/p>\n

XRP Price Projected To Crash To $1.5<\/h2>\n

Notably, the cryptocurrency is gradually giving up gains, negatively impacted by the broader market downtrend<\/a> and lack of bullish drivers. MMBTrader has shared a technical chart supporting his bearish prediction for the XRP price<\/a>.\u00a0<\/p>\n

The TradingView crypto expert has identified a Head and Shoulder pattern on the XRP daily chart, consisting of three peaks: left shoulder, head, and right shoulder. Typically, a classic Head and Shoulder pattern<\/a> is considered one of the most common indicators of a potential price breakdown, with the price of a cryptocurrency expected to reverse from bullish to bearish.\u00a0<\/p>\n

Looking at the price chart, a break below the pattern\u2019s neckline around the $1.95 price point would confirm XRP\u2019s bearish position<\/a>. If the cryptocurrency fails to hold the $1.95 support level, a sharp drop, possibly up to 50%, is expected. This massive crash would effectively place the price around the $1.5 level or even as low as $1.2.<\/p>\n

While he expects a possible crash to $1.5, MMBTrader also projects an alternative bullish scenario in which the XRP price initiates a strong rebound<\/a>. The analyst revealed that if the cryptocurrency consolidates near $2 without breaking lower, then a bounce to new highs could follow.<\/p>\n

Additionally, the TradingView expert believes that the asset could also experience a significant rally<\/a> toward $5 after its projected 50% price crash. He highlights that if XRP can hold the support level near $1.5, then a strong reversal could occur, potentially triggering a bullish move between $4 and $4.5.<\/p>\n

Whales Scoop Up $385 Million Amid Market Downtrend<\/h2>\n

While XRP experiences slow momentum due to the market\u2019s recent decline, whales are seizing the opportunity to buy the dip<\/a>, accumulating a significant amount of the token. According to crypto analyst Brett, an XRP whale has executed<\/a> a large-scale transaction, buying over 167 million XRP, valued at $368.4 million, in a single purchase.<\/p>\n

Brett revealed that this whale purchase<\/a> was made as the market panicked over increasing volatility and price declines. Over the past few weeks, XRP has struggled to recover from bearish trends<\/a>, joining the ranks of top cryptocurrencies like Bitcoin and Ethereum, which recorded a major price crash earlier in February.<\/p>\n

CoinMarketCap\u2019s data shows that the the altcoin\u2019s price has fallen by 11.6% in just one week. This decline comes as the broader crypto market faces massive liquidations<\/a> totaling hundreds of millions of dollars.<\/p>","protected":false},"excerpt":{"rendered":"

A new XRP price forecast has emerged, offering insights into the cryptocurrency\u2019s next bearish move. A crypto analyst who previously predicted XRP\u2018s crash below $2 has provided a more comprehensive outlook, outlining key support and resistance areas that will determine XRP\u2019s next target.\u00a0 According to TradingView crypto analyst, \u2018MMBTrader,\u2019 the XRP price is set to […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-51763","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/51763"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=51763"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/51763\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51763"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51763"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51763"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}