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Home Market Research Cryptocurrency

XRP Price Is Maintaining This Multi-Year Trendline, But A Crash Could Be Looming

by TheAdviserMagazine
3 weeks ago
in Cryptocurrency
Reading Time: 3 mins read
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XRP Price Is Maintaining This Multi-Year Trendline, But A Crash Could Be Looming
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Following the recent market trend, the XRP price has maintained its hold on an important trendline over the years. This trendline leans bullish, and as long as the cryptocurrency holds above it, the likelihood of a recovery remains high. However, a break below this multi-year trendline could signal doom, with crypto analyst CrypFlow forecasting how low the digital asset could go before eventually finding a bottom.

Bears Threaten XRP’s Multi-Year Trendline

According to crypto analyst CrypFlow, the XRP multi-year trendline that began back in the year 2017 is currently still in play. In fact, with the price trading well above the $1.2 level, it continues to hold up well. So far, this has suggested that bulls still have some strength left, and this trendline has been a beacon.

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From here on out, the XRP price would only need to actually complete a breakout to maintain its uptrend. This breakout would not only need to happen, but it would need to do so with momentum. As CrypFlow explains, for momentum to follow, the XRP price needs to do two things.

The first of these is that the XRP price needs to break out of the descending resistance. This descending resistance had begun back in 2025, continuing on into 2026. As long as this resistance remains, the price remains bearish. But a break towards $2 invalidates it.

Next on the list is that the XRP RSI downtrend needs to be broken as well. A breakout above $2 will complete this, ensuring that there is enough momentum for the cryptocurrency to follow. Such a move, the crypto analyst believes, would send the XRP price toward its 2018 highs of $3.8.

Source: X

However, in the case that the bulls are unable to complete a breakout within moments, then the bears could take control once again. Such a scenario would see the price lose its multi-year trend and eventually fall below $1.

Related Reading: Analyst Says Bitcoin Price Is Showing Dangerous Weakness, Here’s Why

Once this happens, then there is little cushion left for the cryptocurrency. As the price falls, the analyst highlights what they call the ‘discount zone,’ where XRP would be seemingly cheap to buy, and this lies around the $0.6-$0.8 level. Nevertheless, once the decline is over, the price is expected to rebound again.

XRP price chart from TradingView.com
Price struggles amid market downturn | Source: XRPUSDT on TradingView.com

Featured image from Dall.E, chart from TradingView.com



Source link

Tags: crashloomingmaintainingmultiyearPricetrendlineXRP
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