A crypto analyst has identified a key support level that could determine whether the XRP price stabilizes or experiences a sharp sell-off, causing it to crash towards $0.90. With building volatility and Market sentiment is becoming cautiousXRP’s next step could be critical for both short-term traders and long-term holders.
XRP price threatens to fall to $0.9 if support fails
A crypto market expert who calls himself “Guy on the Earth” on X has done just that issued an updated look at XRP, warning traders of a critical price level that could determine the cryptocurrency’s near-term direction. He noted that XRP closed below the $1.95 monthly support zone for the first time in 13 months, indicating growing downside risk. According to his assessment, this outage could have serious technical consequences if XRP fails to recover quickly.
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The analyst’s chart shows that this is the second time XRP has fallen below the $1.95 support in the weekly period. Guy on the Earth stated that the last time this happened was during The US tariff-related market stress in Aprilcausing XRP and the broader crypto market to crash.
If history is any guide, the cryptocurrency could fall again if it fails to hold the $1.95 support level. The analyst has set the breakdown target at $0.90, which represents a crash of more than 50% from current levels around $1.85. To stabilize the XRP price, bulls need to regain the $1.95 level and stay above it as quickly as possible.
Guy on the Earth noted that XRP recently tried to get back above $1.95 but was rejected, creating a new lower high and strengthening its value. broader bearish structure. He added that if the monthly chart fails to regain this support within the next few days, XRPs downward momentum could accelerate.
For traders who are not comfortable with the current setup, the analyst suggested reducing exposure and wait for a confirmed daily close above $1.95 before re-entering the market. He explained that this strategy could help limit losses while keeping traders positioned for one possible price recovery.
From a longer-term perspective, Guy on the Earth has identified several potential accumulation zones if the price of XRP continues to decline. The key levels on the chart to watch are $1.61, $1.42 and the $0.90 target, with $0.75 representing the initial breakdown area from the previous rally. The analyst further noted this increased selling pressure of Bitcoin could open the door to deeper downside moves for XRP.
Analyst confirms bullish recovery is still possible
Towards the end of his analysis, Guy on the Earth noted that the recent price action does not indicate a complete downturn for XRP. He explained that the cryptocurrency is less than $0.04 away from the rectangular resistance and all Bullish divergence still needs to play out over several time frames.
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According to the analyst, a recovery and subsequent rally is still on the books for XRP, which underlines that salespeople become exhausted. Nevertheless, he cautioned that caution is needed given XRP’s two consecutive weekly closes below key support.
Featured image from Adobe Stock, chart from Tradingview.com