Ripple (XRP) Crashing to $1? Should Investors Sell Now?
Jakarta, Pintu News – Recent analysis from several financial experts suggests that Ripple may be due for a significant price drop.
Ali Martinez, a prominent analyst, recently warned through a post on X that Ripple (XRP) is at great risk of plummeting to $1.
As of March 4, 2025, Ripple (XRP) was trading at $2.37, so a drop to $1 would mean losing almost 58% of its current value.
Technical Analysis Shows Downside Potential
Ali Martinez identified a head-and-shoulders pattern in the daily chart of Ripple (XRP) that has been forming since December 2024. This pattern is recognized as a strong bearish indicator in technical analysis. The neckline of this formation is at $2, which if broken, could trigger further declines.
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In the past 24 hours (4/3/25), Ripple (XRP) has formed the right shoulder of this formation, signaling a possible upcoming decline. Martinez emphasized that a break below $2 could increase the downside risk to 58% towards $1.
This is not just Martinez’s view; other analysts such as Jesse Colombo have also expressed similar concerns regarding the same bearish pattern on Ripple (XRP).
Another View from Analysts
While Martinez and Colombo gave bearish warnings, there are analysts who still see bullish signals in the Ripple (XRP) chart. One of them is Captain Faibik, who observed a bullish pennant pattern that shows a potential rebound up to $5 (IDR81,566).
However, with Bitcoin experiencing a correction back to the $83,000 price level, Ripple (XRP) may find it difficult to maintain a position above $2 (IDR32,626).
In addition, an expert known as “IncomeSharks” has warned that Ripple (XRP) could experience a dramatic drop to $0.60.
According to him, XRP (XRP) often exhibits a “pump and dump” pattern where the price rises sharply and then drops violently.
Overall, given the various views of analysts, investors are expected to conduct in-depth research before making an investment decision.
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Despite the bullish signals, the head-and-shoulders pattern formed suggests that Ripple (XRP) may face significant selling pressure in the near term. Investors should be wary of the potential downside risk.
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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 and selling bitcoin and other crypto asset investments are the responsibility of the reader.
Reference:
- The Crypto Basic. Leading Analyst Says XRP May Be Heading to $1. Accessed on March 5, 2025.
