A crypto analyst, MadWhale, has predicted that the price of XRP could decline further to $1.5. The analyst points to a critical resistance level at $2, stating that if XRP fails to hold this level, it could lead to a significant drop in price. MadWhale's price analysis shows that XRP is currently in a downtrend and trading within a descending channel. If the $2 resistance level is rejected, the next support area and downside target could be around $1.90, representing a 17.62% decrease. If the $1.90 support level also breaks, the analyst predicts a more profound decline of 35% to $1.5. This decline could potentially serve as a pivotal point for price stabilization and a possible reversal. The recent surge in XRP's price is attributed to the announcement of a US crypto reserve plan by Donald Trump, which included XRP.



Other News from Today