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

Opeyemi Sule
Opeyemi Sule
3 months ago
3 mins read
XRP price

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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.

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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
Source: @ali_charts/X

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.

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XRP Price
The price of XRP on the daily timeframe | Source: XRPUSDT chart on TradingView
Featured image from iStock, chart from TradingView
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Opeyemi Sule
Opeyemi Sule

Opeyemi Sule

Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies.

Read more

Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. “Looking” is a rather simple way to describe analyzing and interpreting various price patterns and chart formations. However, it appears that is not Opeyemi’s favorite part - in fact, far from it.

Being able to connect what happens on a price chart to on-chain movements and blockchain activities is what keeps Opeyemi ticking. “This emphasizes the intricacies of blockchain technology and the cryptocurrency market,” he would say. Most importantly, Opeyemi thinks of any market insights as the gospel, while recognizing that he is only a messenger.

When he is not clicking away at his keyboard, Opeyemi is most definitely listening to music, playing games, reading a book, or scrolling through X. He likes to think he is not loyal to a particular genre of music, which can be true on many days. However, the fast-rising Afrobeats genre is a staple in Opeyemi’s Spotify Daily Mix.

Meanwhile, Opeyemi is a voracious reader who enjoys a wide category of books - ranging from science fiction, fantasy, and historical, to even romance. He believes that authors like George R. R. Martin and J. K.
Rowling are the greatest of all time when it comes to putting pen to paper. Opeyemi believes his reading of the Harry Potter series twice is proof of that.

Indeed, Opeyemi enjoys spending most of his time within the four walls of his home. However, he also sometimes finds solace in the company of his friends at a bar, a restaurant, or even on a stroll. In essence, Opeyemi’s ambivert (haha! been searching for an opportunity to use the word to describe myself) nature makes him a social chameleon who is able to quickly adapt to different settings.

Opeyemi recognizes the need to constantly develop oneself in order to stay afloat in a competitive and ever-evolving market like crypto. For this reason, he is always in learning mode, ready to pick up the slightest lesson from every situation. Opeyemi is efficient and likes to deliver all that is required of him in time - he believes that “whatever is worth doing at all is worth doing well.” Hence, you will always find him striving to be better.

Ultimately, Opeyemi is a good writer and an even better person who is trying to shed light on an exciting world phenomenon - cryptocurrency. He goes to bed every day with a smile of satisfaction on his face, knowing that he has done his bit of the holy assignment - spreading the crypto gospel to the rest of the world.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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