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\n\t\t\t\t\t\t\t\t\tXRP has dropped to $1.77, and analysts warn that staying below $1.80 could lead to a further decline toward $1.50 amid rising sell pressure.\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
The Ripple-linked token is trading near a critical level after losing ground during a market-wide decline. The price has fallen sharply alongside other major cryptocurrencies. With pressure building, traders are focused on whether this zone will hold or give way to further losses.<\/p>\n
At the time of reporting, XRP trades around $1.77 after falling more than 5% in the last 24 hours. Over the past week, the token has been down more than 7%. The daily trading range is between $1.73 and $1.87. This drop brings XRP to its lowest point since early October, when it briefly dipped below $1.60.<\/p>\n
The move followed<\/a> a sharp pullback in the broader market. Bitcoin led the decline, triggering liquidations across altcoins. XRP was no exception. Futures data shows nearly $71 million in XRP long positions were liquidated, adding to the selling pressure.<\/p>\n Technical analyst ChartNerd said<\/a> XRP may be forming a Wyckoff \u201cSpring<\/em>\u201d pattern, which could lead to a short-term recovery if support holds. But they also warned that continued weakness below $1.80 could confirm a bearish setup.<\/p>\n \u201cThe $1.50 target is popping up on many of my short-term bearish fractals,\u201d they said. \u201cStay below $1.80, and that validity increases.\u201d<\/p>\n<\/blockquote>\n If this support zone breaks, $1.50 is the next level many traders are watching. That zone hasn\u2019t been tested since October and remains a key point on several charts.<\/p>\n Meanwhile, analyst BitGuru noted<\/a> that XRP is resting on a base after a long slide. This area has seen buyers return in the past.<\/p>\n \u201cHolding this zone could open room for a recovery toward prior resistance,\u201d they shared.<\/p>\n<\/blockquote>\n Past consolidation zones between $2.20 and $2.50 are likely targets if the price begins to climb again. For now, the chart suggests XRP is at a decision point.<\/p>\n Outside of price action, Ripple\u2019s former CTO, David Schwartz, responded<\/a> to social media claims that XRP could reach $50 or $100. When asked to shut down the rumors, Schwartz said he couldn\u2019t give exact predictions but encouraged using logic to assess big targets.<\/p>\n He recalled once doubting that XRP would ever reach $0.25, showing how hard it is to predict. Still, he warned against following viral claims without reason.<\/p>\nAnalysts Warn of a Break Toward $1.50<\/h2>\n
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