Is the Ripple (XRP) Price Bubble Coming? Check out this technical analysis pattern! (3/2/25)

Jakarta, Pintu News – In 2025, the price of Ripple managed to hold up despite volatile market conditions that have shaken several other major assets. However, Ripple (XRP) seems unable to withstand the bearish pressure that hit the market over the past week.

Risk of Ripple (XRP) Price Drop Up to 50%

On March 1, through a post on X, crypto analyst Ali Martinez came up with an interesting prediction about the price of Ripple (XRP). According to him, the cryptocurrency, which is currently the fourth largest, is at risk of experiencing significant downward pressure in the near future.

Martinez stated that the value of Ripple (XRP) could be almost cut in half in the next few weeks. This bearish prediction is based on the formation of a head-and-shoulders pattern on the Ripple (XRP) chart in the 12-hour timeframe. A head-and-shoulders pattern is a technical analysis pattern characterized by three distinct swing peaks, including a higher “head” between two lower “shoulders”.

This pattern signals a possible trend reversal, usually from an uptrend to a downtrend. This trend reversal can be confirmed when the asset’s price breaks below the neckline, which is a trendline that connects the swing lows between the heads.

Also Read: The Future of Pi Coin (PI) in the Cryptocurrency World: Will PI Capi $5? Here’s the Technical Analysis!

Head-and-Shoulders Pattern Indicates Danger

As shown in the chart above, Ripple (XRP) price recently found support at the neckline around the $2 area before bouncing back towards $2.2. Ripple (XRP) price seems to be making a U-turn to return to the neckline. If the altcoin returns, successfully breaks, and closes below the neckline, investors could see a shift to a downtrend.

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

Possible Cancellation of Bearish Outlook

However, it should be noted that a strong 12-hour candlestick close above the $2.8 level would invalidate the current bearish view of Ripple (XRP) price. Ultimately, if the Ripple (XRP) token manages to reclaim $0.8, it could resume its bullish trend and reach new highs in this cycle.

Conclusion: The Future of Ripple (XRP) Price

Currently, the price of Ripple (XRP) is hovering around $2.17, reflecting a 1% increase in the last 24 hours. While there is a significant downside potential, the opportunity for a bullish trend reversal is still wide open if certain conditions are met.

Also Read: Pi Network Price Plunges 18% After Legal Warning from Vietnam (3/2/25)

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• NewsBTC. XRP Price: This Pattern Suggests Imminent Drop to $1.1. Accessed on March 3, 2025
• Featured Image: XRP