Ripple (XRP) price threatens to plummet, why is $2.28 key?

Jakarta, Pintu News – The crypto market is in turmoil again with Ripple (XRP) currently on the verge of a price drop. Recent analysis suggests that Ripple (XRP) may experience a significant drop if it cannot maintain support above the $2.2 level. This situation is causing concern among investors and market analysts.

Technical Analysis Shows Downside Potential

Ripple (XRP) is currently facing immense pressure from sellers which could lead to a price drop of up to 10%. If this happens, Ripple (XRP) could return to its previous support which is slightly above $2. Analysts from MyCryptoParadise pointed out that the ongoing inverted Cup and Handle pattern adds bearish potential to the price of Ripple (XRP).

In addition, the bearish change in character has seen sellers take control of the market. This is usually an early indicator of a deeper decline. If this key support cannot be maintained, Ripple (XRP) may experience a more severe free fall.

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Classic Bear Trap Possibilities

Although the crypto market is showing some recovery, the momentum is not yet strong enough to show a sustained increase. Ripple (XRP) is at risk of experiencing what is referred to as a “bear trap”, where prices temporarily show a recovery before eventually falling deeper.

This is a scenario that investors should be wary of. MyCryptoParadise analysts suggest waiting for further confirmation before making an investment. Waiting until the right price withdrawal occurs can improve the risk-to-reward ratio once the direction of the trend is confirmed. This is a prudent strategy in uncertain market conditions.

Critical Level at $2.28

One of the key levels to watch out for is $2.28. If Ripple (XRP) manages to break and close above this level, it will validate the bearish thesis and signal a continuation of the uptrend. This will be a signal for investors to reconsider their strategies. However, if Ripple (XRP) fails to break this level, further declines are likely. Therefore, it is important for investors to monitor price movements around this level before making any investment decisions.

Conclusion: Stay Alert and Patient

In these volatile market conditions, it is important for investors to remain vigilant and patient. Observing price movements and waiting for confirmation before entering the market can avoid unnecessary losses. Ripple (XRP) is currently at a critical juncture, and further decisions should be made carefully based on solid data and analysis.

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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. Crypto trading activities are subject to 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 Risks Breakdown. Accessed on July 8, 2025