XRP Price Bubble Burst? This Pattern Suggests Imminent Drop To $1.1

Source Newsbtc

The XRP price has remained afloat in 2025 despite the uncertain market condition where several large-cap assets have floundered. However, the altcoin did little to absorb the bearish pressure that hit the market over the past week.

According to data from CoinGecko, the price of XRP has declined by nearly 16% in the last seven days. A popular crypto analyst on social media platform X revealed that the altcoin’s woes might just be about to begin.

Here’s How XRP Is At Risk Of 50% Plunge

In a March 1 post on X, crypto pundit Ali Martinez put forward an interesting projection for the XRP price, saying the fourth-largest cryptocurrency is at risk of significant downward pressure in the near future. Martinez suggested that the value of XRP could be almost halved over the next few weeks.

This bearish forecast revolves around the formation of the head-and-shoulders pattern on the XRP chart on the 12-hour timeframe. The head-and-shoulders formation is a technical analysis pattern marked by three distinct swing highs, including a higher “head” between two lower “shoulders.”

This chart pattern signals a possible trend reversal; usually a shift from an uptrend to a downward price trend. This trend reversal can be confirmed when the asset price breaks down beneath the neckline, which is a trendline connecting the troughs (swing lows) between the head.

XRP Price

As shown in the above chart, the XRP price recently found support at the neckline around the $2 area before bouncing back toward $2.2. The price of XRP appears to be making a U-turn for a return to the neckline. If the altcoin does return, successfully breaches, and closes beneath the neckline, investors could see a shift to a downward trend.

In the head-and-shoulders formation, the price target is calculated by subtracting the height of the pattern (vertical distance between the head and the neckline) from the breakout point. Based on this strategy, the price of XRP could target the $1.1 mark (roughly 50% decline from the current price point) if it breaks below $2.

It is worth noting, though, that a strong 12-hour candlestick close above the $2.8 level would invalidate the current bearish outlook for the XRP price. Ultimately, if the XRP token reclaims $0.8, it could resume its bullish run and make a run for new highs in this cycle.

XRP Price At A Glance

As of this writing, the price of XRP stands around $2.17, reflecting a 1% increase in the past 24 hours.

XRP Price Featured image from iStock, chart from TradingView
Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Dogecoin Price Eyes 58% Move Upward If This Major Level Is BrokenThe Dogecoin price is once again in the spotlight, stirring up bullish excitement as a crypto analyst predicts a potential 58% upside move in the near term.
Author  Bitcoinist
23 hours ago
The Dogecoin price is once again in the spotlight, stirring up bullish excitement as a crypto analyst predicts a potential 58% upside move in the near term.
placeholder
Gold price recovers further from one-month low amid a weaker USDGold price (XAU/USD) is building on the previous day's goodish recovery from the $3,248-3,247 region or a one-month low and gaining positive traction for the second successive day on Tuesday.
Author  FXStreet
20 hours ago
Gold price (XAU/USD) is building on the previous day's goodish recovery from the $3,248-3,247 region or a one-month low and gaining positive traction for the second successive day on Tuesday.
placeholder
Eurozone June Inflation Preview: EUR/USD Expected to Rise Initially, Then DeclineOn 1 July 2025, the Eurozone will release its June inflation data.
Author  TradingKey
20 hours ago
On 1 July 2025, the Eurozone will release its June inflation data.
placeholder
Bitcoin Price Forecast: BTC slips below $107,000 even as exchange reserves hit 6-year low Bitcoin (BTC) slips below $107,000 at the time of writing on Tuesday, continuing a mild pullback from the previous day.
Author  FXStreet
17 hours ago
Bitcoin (BTC) slips below $107,000 at the time of writing on Tuesday, continuing a mild pullback from the previous day.
placeholder
Dollar Endures Worst Half in Decades: What's Next for 2025?The dollar experienced its weakest first half in more than 50 years, hurt by geopolitical tensions and former President Donald Trump's trade policies.
Author  Insights
16 hours ago
The dollar experienced its weakest first half in more than 50 years, hurt by geopolitical tensions and former President Donald Trump's trade policies.
goTop
quote