The price of XRP (XRP) still achieves worse results this week a wider cryptographic market, despite the fact that many Altcoins have become green when Bitcoin (BTC) increased to USD 88,800.
1-day XRP chart. Source: Cointelegraph/TradingView
Over the past seven days, Altcoin has dropped by 4.7%, which at that moment appeared 11% of the rally when they appeared on the headlines. XRP commercial volumes have also dropped from around $ 4 billion to $ 2.6 billion, i.e. 35% decrease over the past week.
The price of XRP peers over a steep cliff
In the latest X Post, an experienced trader Peter Brandt he said The presence of the “textbook” of the pattern for the head and shoulders (H&S) can reduce the price of XRP up to USD 1.07.
Pattern XRP Head-and-Rushing by Peter Brandt. Source: x.com
According to Brandt, a price rally above 3 USD may annul the H&S pattern. However, a decrease below USD 1.90 opens the possibility of correction of 55%. Brandt said
“Below USD 1.9 I would not like to have it. H&S projects up to USD 1.07. Do not shoot at the messenger.”
On the contrary, Javon Marx Highlighted Positive breaking XRP. Cryptocurrency trader indicated that the price of XRP and a relative force indicator (RSI) trades above falling wedge formulas.
XRP analysis by Javon Marx. Source: x.com
Historically, such a configuration turned out to be a profitable turn for Altcoin, and Marx said that:
“The last breakthrough caused about 570% price increase, and prices can be ready for another significant increase.”
Related: Are you waiting for the Altcoin season? The data suggest that they are already here
Convening XRP correction can be premature
From a technical point of view, predicting the level of 1.07 USD levels based on the existing XRP market structure. Although XRP has been down since the beginning of 2025, the level of 1.90 USD has been tested only three times since November 2024.
1-day XRP chart. Source: Cointelegraph/TradingView
Because XRP traded above USD 2, it did not experience daily closure below the threshold, which suggests that investors can perceive this scope as a potential redemption zone.
In addition, spot volumes were the main driving force of the recent XRP rally, which indicates constant interest in investors in Altcoin over the past few months.
The house, an analyst for the order flow markets, noticed that the next few weeks may be necessary for XRP to determine the radiant direction. The analyst mentioned that the current scope does not register his interest and he saidIN
“We must see clear levels of levels that I showed. Just remember about the next week or two, because the price will be informed.”
Flow analysis of XRP according to home. Source: x.com
USD 2.50 remains an significant level of XRP, which has been critical support and resistance over the past four months of the price.
Related: The Bitcoins price has just abandoned a 3-month decline when “Key Shift” begins
This article does not contain investment advice or recommendations. Each investment and commercial movement involves risk, and readers should conduct their own research when making decisions.
