The XRP price has spent the last week is experiencing bearish momentumand the latest dip below the $2 price level goes even further added to the bearish sentiment. The cryptocurrency briefly fell below this psychological level in the past 24 hours and lasted for several weeks sequence of lower highs and lower lows.
Despite this pullback, a crypto analyst at is not that alarming as it seems. Its price chart, which charts XRP’s weekly candles, shows XRP price falling to a known support area within a larger descending channel.
XRP price is still trading within a year
XRP breaks below $2 could well be the final straw for many bullish traders, but some are still holding strong. In his analysis, the analyst reminded his followers that XRP has been trading within the same broad range between $1.90 and $3.50 for almost a year. According to him, the recent decline to the lower end of this range is simply a revisiting of a pre-existing zone.
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He highlighted the green support area around $1.90, which has repeatedly prevented a deeper collapse in late 2024 and early 2025. The chart he shared shows XRP’s weekly candles moving towards that support, hitting the edge of the descending yellow channel that has defined the price action since the last major rejection near the red resistance band above $3.
Maintain this price promotion and the price range in mind, The analyst noted that nothing meaningful will change unless XRP falls below $1.90. A breakdown below this level would, in his words, send XRP “back to McDonald’s,” which is a much more severe retracement. However, as long as green support is there, the continued decline can be categorized as noise within a larger consolidation phase.
On the other side of the chart is the resistance at $3.60. The red zone marking this area was tested earlier this year but was strongly rejected, creating the wide range that XRP has been stuck in ever since. Lifting this ceiling, the analyst said, would open what he called “the road to Valhalla.”
XRP price chart. Source: @stedas Op
The Road to Valhalla: What Comes After a Break Above $3.6
If XRP manages to break the $3.60 barrier, the analyst believes the path opens to aggressive upside targets. His post mentioned potential milestones at $7, $12 and possibly even $25 if the momentum extends into a full-blown rally. The yellow upward projection line on the chart illustrates how quickly XRP could move once that resistance turns into support.
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These price targets correspond with medium-scale forecasts from other analysts. XRP price predictions in the high end from three figures to $100up to $1,000. At the time of writing, XRP is trading at $1.96, down 8% in the last 24 hours.
Featured image created with Dall.E, chart from Tradingview.com