{"id":85976,"date":"2025-08-03T12:27:16","date_gmt":"2025-08-03T12:27:16","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=85976"},"modified":"2025-08-03T12:27:16","modified_gmt":"2025-08-03T12:27:16","slug":"is-this-the-time-to-sell-xrp-analysts-eye-a-lower-re-entry-point","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=85976","title":{"rendered":"Is This the Time to Sell XRP? Analysts Eye a Lower Re-entry Point"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

Alongside most of the market, Ripple\u2019s native cryptocurrency has posted a violent price correction that has taken it south by over 20% since its recent all-time high marked just a few weeks back.
\nAnalysts are now warning that the asset could be on the verge of another breakdown as it lost a crucial support level.<\/p>\n

Deeper Correction Ahead?<\/h2>\n

Although XRP has recovered some ground since the plunge this morning to $2.72 (a three-week low), the cryptocurrency is still down by over 10% weekly. The aforementioned key support level that has been breached to the downside is $3.<\/p>\n

Numerous analysts believe this line would play a pivotal role in determining XRP\u2019s near-term future. Dropping and closing below it, as Ripple\u2019s cross-border token has done over the past 24 hours, could spell further trouble. In yesterday\u2019s warning article, CryptoPotato<\/em> cited<\/a> data from Ali Martinez, who went even further by providing more precise selling and re-entry points for XRP.<\/p>\n

\u201cConsider shorting XRP near $2.98 with a target of $2.48 and a stop at $3.18. Alternatively, setting up buy orders between $2.40 and $2.20 could position you well for the next rebound.\u201d<\/p>\n

Martinez doubled down on his prediction earlier today that a price drop to $2.40 is in XRP\u2019s future, basing his analysis on the TD Sequential metric.<\/p>\n

$XRP<\/a> continues to pull back after the TD Sequential flashed a sell signal on the 3-day chart. The next key support level to watch is $2.40! pic.twitter.com\/UV1qqdNJV7<\/a><\/p>\n

\u2014 Ali (@ali_charts) August 3, 2025<\/a><\/p>\n\n

Not the Only One<\/h2>\n

Micha\u00ebl van de Poppe, another analyst with more than 800,000 followers on X, also weighed in on the matter, highlighting the importance of losing the $3 level. His conclusion aligns with Martinez\u2019s target of $2.40 and a subsequent bounce-off.<\/p>\n

$XRP<\/a> made a nice high, but it was a tricky one.<\/p>\n

Level lost = deep correction, which we currently have.<\/p>\n

Deep correction = interest around $2.40-2.60.<\/p>\n

From there, we likely go up again. pic.twitter.com\/FZBs5reJNO<\/a><\/p>\n

\u2014 Micha\u00ebl van de Poppe (@CryptoMichNL) August 2, 2025<\/a><\/p>\n\n

Cryptowzrd also noted that XRP has closed bearish, even against BTC. However, the market observer said<\/a> Ripple\u2019s token will eventually stage a \u201cquick recovery rally\u201d once Bitcoin\u2019s dominance starts to decline again. Recall that the metric dropped from over 64% (on CoinGecko) to under 59% in July during the altcoins\u2019 run. However, it has jumped past 60% once again as the alts got hammered in the past few days.<\/p>\n

It goes without saying, but this article is not financial advice. Also, it\u2019s not meant for full-time XRP believers (HODLers) who want to ride the wave for years. Instead, traders and those wanting some adrenaline can use it as a reference, as it\u2019s based on the opinions of some of the most popular crypto analysts.<\/p>\n

When it comes to actually selling your crypto bags, you can check this guide<\/a> for more insights.<\/p>\n

The post Is This the Time to Sell XRP? Analysts Eye a Lower Re-entry Point<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Alongside most of the market, Ripple\u2019s native cryptocurrency has posted a violent price correction that has taken it south by over 20% since its recent all-time high marked just a few weeks back. Analysts are now warning that the asset could be on the verge of another breakdown as it lost a crucial support […]<\/p>\n","protected":false},"author":0,"featured_media":85977,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-85976","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/85976"}],"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=85976"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/85976\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/85977"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=85976"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=85976"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=85976"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}