Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain
  • Web 3
    • NFT
    • Metaverse
  • Regulation
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Binance and Pakistan IT ministerie Rollen Blockchain Education Program out for 80,000 students

2025-06-01

This hot new Altcoin in Defi is running the heads

2025-06-01

Bitcoin Leads, Altcoins lay – Analyze whether the trend is here to stay

2025-06-01
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
Facebook X (Twitter) Instagram
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain

    Binance and Pakistan IT ministerie Rollen Blockchain Education Program out for 80,000 students

    2025-06-01

    Omnia -Protocol works together with Flare Networks to unlock more private and interoperable Web3 Future

    2025-06-01

    Hodooi and Ice Open Network are a powerful alliance for Web3 Social Expansion

    2025-05-31

    Transition to an internet supported by people

    2025-05-31

    Disney+ Unlocks Web3 for 150m+ users with new perks program Driven by Dapper Labs

    2025-05-31
  • Web 3
    • NFT
    • Metaverse
  • Regulation

    American authorities charge six people in connection with alleged $ 66,000,000 Food Stamp -Fraud schedule

    2025-05-31

    American authorities punish the Philippines-based company for alleged computer infrastructure for crypto pig breaking stop

    2025-05-30

    FBI is looking for victims who are connected to FunNull Pig Butching Crypto Investment SCAM

    2025-05-30

    JPMorgan Chase received a fine of $ 566,082 due to alleged not responding to regulator during the energy crisis

    2025-05-30

    SEC -OFFICE LIGHTS THE POW FOR ETHEREUM Turn off in ETFs

    2025-05-30
  • Analysis

    Cronos Tart Crypto Market Downtick on Friday as asset manager Canary Capital Files for CRO ETF

    2025-05-31

    XRP multi-time frame breakdown: here comes what is there

    2025-05-31

    XRP -Price risks crash under $ 2 if the correction holds, here is why

    2025-05-31

    XRP price objectives recovery – signs of strength arise

    2025-05-31

    Bitcoin – Price extends losses – Is more disadvantage on the horizon?

    2025-05-31
  • Learn

    What Is Asset Tokenization? How It Works and Why It’s Important

    2025-05-30

    What Is DeFi 2.0 and Why It Matters

    2025-05-27

    Crypto Margin Trading: How It Works and How to Manage the Risks

    2025-05-26

    Wat is circulerende levering in cryptocurrency?

    2025-05-23

    What Is a DEX (Decentralized Exchange)?

    2025-05-21
  • Blog
  • Contact
    • Tech7685@gmail.com
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Analysis»Analyst predicts a potential drop to $0.28
Analysis

Analyst predicts a potential drop to $0.28

2024-01-24No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Amid the bearish sentiment encompassing the crypto market, XRP has experienced a notable drop to the crucial price of $0.51, leading to several analyst predictions regarding the token’s price action.

Can the price of XRP drop to $0.28?

One of the well-known crypto analysts who has done that shared a bold prediction regarding XRP’s price action is JD. JD recently took to social media platform X (formerly Twitter) to share his insights on the crypto asset with the crypto community.

In his projections, the analyst looked at the potential for additional decreases in an attempt to predict where XRP will go next. According to JD, the digital asset could form a “hidden bullish divergence” on a weekly basis.

On the weekly period, JD pointed out that XRP has been trapped in a symmetrical triangular pattern since 2021. The data from its chart indicates that the crypto asset is currently moving towards the lower trendline of the triangle.

XRP
XRP demonstrates a possible fuse in the orange box | Source: JD on X

JD highlighted an orange box he drew last November that overlaps the lower trend line. The analyst also noted that the orange box is between Fibonacci 0.618 and 0.786.

According to him, the box is a desirable level for a move in dollar-cost averaging (DCA), and a decline in the box is conceivable. He stated that once XRP hits the market, he plans to launch a “buy-the-dip” campaign, “heavy” filling his coffers around $0.28 and $0.33.

He also mentioned several other awards levels for his personal DCA, such as $0.45, $0.51 and $0.59. This simply suggests that the analyst has confidence in the asset over the long term.

See also  Top trader says a compelling bullish case for Bitcoin (BTC) is now in play – here's what he means

The message read:

A fuse in the orange box is very possible. (Orange box has been installed since November 2023). My personal DCA: 0.28 – 0.33 (HEAVY!), 0.45, 0.51, 0.59.

Nevertheless, he has urged the community not to time the bottom and highlighted a signal for investors to buy more XRP. “Time not at the bottom. “When ‘Dumb Money’ complains during the scare, that’s the signal to buy more,” he said.

Floor price for the digital asset

Although the entire crypto market is currently experiencing a bearish trend, XRP is one of the most affected assets. The trend is mainly attributed to the declining enthusiasm around the Bitcoin Spot Exchange-Traded Funds (ETFs).

The token recently suffered severe losses and fell below the $0.55 support level. Due to the trend, analysts are now predicting a significant decline in XRP’s valuation in the coming days.

Another analyst who has done that predicted a decrease in the price of the asset is XRP Shark. According to the analyst, the token could fall to a price level between $0.35 and $0.45.

He believes that the above levels represent the “lower end” of the decline. However, XRP Shark has expressed optimism about the token while noting a “violent” recovery.

At the time of writing, XRP was at $0.5129, showing a decline of 10.27% over the past week. Despite the decline, trading volume has increased by more than 15% in the past 24 hours.

XRP
XRP is trading at $0.5154 on the 1D chart | Source: XRPUSDT on Tradingview.com

Featured image from iStock, chart from Tradingview.com

Disclaimer: The article is for educational purposes only. It does not represent NewsBTC’s views on buying, selling or holding investments and of course investing involves risks. You are advised to conduct your own research before making any investment decisions. Use the information on this website entirely at your own risk.

See also  Bitcoin Price Crash Warning: Analyst Predicts ETF-Driven Plunge, Time to Sell?

Source link

Analyst Drop potential Predicts
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Cronos Tart Crypto Market Downtick on Friday as asset manager Canary Capital Files for CRO ETF

2025-05-31

XRP multi-time frame breakdown: here comes what is there

2025-05-31

XRP -Price risks crash under $ 2 if the correction holds, here is why

2025-05-31

XRP price objectives recovery – signs of strength arise

2025-05-31
Add A Comment

Comments are closed.

Top Posts

HSBC and Ant Group are testing tokenized deposits under the HKMA sandbox

2023-11-03

Ryder Ripps must pay Yuga Labs $9 million following the final verdict of the lawsuit

2024-02-03

Bitcoin An increase of 15% in a month, warns analyst at MVRV resistance level

2025-05-29
Editors Picks

Raoul Pal calls crypto a ‘black hole’ that eats up all other assets, predicts bitcoin, ethereum and Solana rallies

2023-08-15

Hong Kong’s financial regulators are prepared for spot crypto ETF applications

2023-12-23

Is this the time to invest in altcoins? Chainlink analysis shows…

2024-06-14

MAGA Crypto Rises as Trump’s Win Odds Rise – Will This Hold Next Week?

2024-10-30

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Binance and Pakistan IT ministerie Rollen Blockchain Education Program out for 80,000 students

This hot new Altcoin in Defi is running the heads

Bitcoin Leads, Altcoins lay – Analyze whether the trend is here to stay

Get Informed

Subscribe to Updates

Get the latest news and Update from Bitcoin Platform about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
© 2025 Bitcoinplatform.com - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$104,291.890.51%
  • ethereumEthereum(ETH)$2,506.97-0.74%
  • tetherTether USDt(USDT)$1.000.01%
  • rippleXRP(XRP)$2.161.14%
  • binancecoinBNB(BNB)$653.08-0.17%
  • solanaSolana(SOL)$154.37-0.46%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.1898960.14%
  • tronTRON(TRX)$0.268359-0.30%
  • cardanoCardano(ADA)$0.670.76%
  • suiSui(SUI)$3.252.27%
  • hyperliquidHyperliquid(HYPE)$32.432.90%
  • chainlinkChainlink(LINK)$13.860.75%
  • avalanche-2Avalanche(AVAX)$20.662.28%
  • stellarStellar(XLM)$0.2656611.73%
  • unus-sed-leoUNUS SED LEO(LEO)$8.69-0.74%
  • bitcoin-cashBitcoin Cash(BCH)$402.640.08%
  • the-open-networkToncoin(TON)$3.141.76%
  • shiba-inuShiba Inu(SHIB)$0.0000131.64%
  • hedera-hashgraphHedera(HBAR)$0.1678472.89%
  • litecoinLitecoin(LTC)$86.591.77%
  • polkadotPolkadot(DOT)$4.041.11%
  • moneroMonero(XMR)$326.27-1.16%
  • bitget-tokenBitget Token(BGB)$4.67-2.55%
  • ethena-usdeEthena USDe(USDE)$1.000.07%
  • daiDai(DAI)$1.000.00%
  • pepePepe(PEPE)$0.0000121.51%
  • piPi(PI)$0.643.11%
  • uniswapUniswap(UNI)$6.171.55%
  • bittensorBittensor(TAO)$427.735.97%
  • aaveAave(AAVE)$241.48-3.42%
  • okbOKB(OKB)$50.03-0.52%
  • aptosAptos(APT)$4.731.66%
  • nearNEAR Protocol(NEAR)$2.41-0.51%
  • crypto-com-chainCronos(CRO)$0.102898-0.27%
  • internet-computerInternet Computer(ICP)$4.892.53%
  • ondo-financeOndo(ONDO)$0.831.44%
  • ethereum-classicEthereum Classic(ETC)$16.850.74%
  • gatechain-tokenGateToken(GT)$19.290.18%
  • mantleMantle(MNT)$0.681.28%
  • kaspaKaspa(KAS)$0.0850791.35%
  • official-trumpOFFICIAL TRUMP(TRUMP)$11.163.68%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2129962.78%
  • usd1World Liberty Financial USD(USD1)$1.00-0.01%
  • vechainVeChain(VET)$0.0240912.18%
  • render-tokenRender(RENDER)$3.914.41%
  • ethenaEthena(ENA)$0.3096991.44%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.740.93%
  • worldcoin-wldWorldcoin(WLD)$1.12-1.87%
  • filecoinFilecoin(FIL)$2.552.03%
  • bitcoinBitcoin(BTC)$104,291.890.51%
  • ethereumEthereum(ETH)$2,506.97-0.74%
  • tetherTether USDt(USDT)$1.000.01%
  • rippleXRP(XRP)$2.161.14%
  • binancecoinBNB(BNB)$653.08-0.17%
  • solanaSolana(SOL)$154.37-0.46%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.1898960.14%
  • tronTRON(TRX)$0.268359-0.30%
  • cardanoCardano(ADA)$0.670.76%
  • suiSui(SUI)$3.252.27%
  • hyperliquidHyperliquid(HYPE)$32.432.90%
  • chainlinkChainlink(LINK)$13.860.75%
  • avalanche-2Avalanche(AVAX)$20.662.28%
  • stellarStellar(XLM)$0.2656611.73%
  • unus-sed-leoUNUS SED LEO(LEO)$8.69-0.74%
  • bitcoin-cashBitcoin Cash(BCH)$402.640.08%
  • the-open-networkToncoin(TON)$3.141.76%
  • shiba-inuShiba Inu(SHIB)$0.0000131.64%
  • hedera-hashgraphHedera(HBAR)$0.1678472.89%
  • litecoinLitecoin(LTC)$86.591.77%
  • polkadotPolkadot(DOT)$4.041.11%
  • moneroMonero(XMR)$326.27-1.16%
  • bitget-tokenBitget Token(BGB)$4.67-2.55%
  • ethena-usdeEthena USDe(USDE)$1.000.07%
  • daiDai(DAI)$1.000.00%
  • pepePepe(PEPE)$0.0000121.51%
  • piPi(PI)$0.643.11%
  • uniswapUniswap(UNI)$6.171.55%
  • bittensorBittensor(TAO)$427.735.97%
  • aaveAave(AAVE)$241.48-3.42%
  • okbOKB(OKB)$50.03-0.52%
  • aptosAptos(APT)$4.731.66%
  • nearNEAR Protocol(NEAR)$2.41-0.51%
  • crypto-com-chainCronos(CRO)$0.102898-0.27%
  • internet-computerInternet Computer(ICP)$4.892.53%
  • ondo-financeOndo(ONDO)$0.831.44%
  • ethereum-classicEthereum Classic(ETC)$16.850.74%
  • gatechain-tokenGateToken(GT)$19.290.18%
  • mantleMantle(MNT)$0.681.28%
  • kaspaKaspa(KAS)$0.0850791.35%
  • official-trumpOFFICIAL TRUMP(TRUMP)$11.163.68%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2129962.78%
  • usd1World Liberty Financial USD(USD1)$1.00-0.01%
  • vechainVeChain(VET)$0.0240912.18%
  • render-tokenRender(RENDER)$3.914.41%
  • ethenaEthena(ENA)$0.3096991.44%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.740.93%
  • worldcoin-wldWorldcoin(WLD)$1.12-1.87%
  • filecoinFilecoin(FIL)$2.552.03%