XRP price spent the last week fighting the bearish momentumand the latest drop below the $2 price level has further to go added to the bearish sentiment. The cryptocurrency briefly slipped below this psychological level in the past 24 hours, continuing a multi-week high a series of lower highs and lower lows.
Despite this retreat, one crypto analyst on Xu suggests that the current movement not so alarming as it seems. His price chart, which shows weekly candles of XRP, shows the price of XRP falling to a known support area within a larger descending channel.
The price of XRP is still moving within a one-year range
XRP broke below $2 could be the last blow for many bullish traders, but some are still holding on. In his preview, the analyst reminded followers that XRP has been moving within the same wide range between $1.90 and $3.50 for almost a year. According to him, the recent drop to the lower limit of this range is simply a return of the market to an already established zone.
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He highlighted the green support area around $1.90, which repeatedly prevented a deeper collapse during late 2024 and early 2025. The chart he shared shows XRP’s weekly candles approaching that support, touching the edge of the descending yellow channel that has shaped the price action since the last major rejection near the red resistance band above $3.
Keeping this price and price range in mind, the analyst noted that nothing significant changes unless XRP falls below $1.90. A drop below this area, according to him, would send XRP “back to McDonald’s,” a far more serious pullback. However, as long as green support is in place, the ongoing decline can be categorized as noise within a larger consolidation phase.
At the opposite end of the chart is resistance at $3.60. The red zone marking this area was tested earlier in the year but was strongly rejected, creating a wide range in which XRP has been stuck ever since. Clearing this ceiling, the analyst said, would unlock what he called “the road to Valhalla.”
XRP price chart. Source: @stedas On X
Road to Valhalla: What comes after the break above $3.6
If XRP manages to break through the $3.60 barrier, the analyst believes that the path to aggressive upside targets is opening. His post listed potential milestones at $7, $12, and potentially as high as $25 if momentum extends to full upside. The upward projection yellow line on the chart illustrates how quickly XRP could move after resistance turns into support.
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These target prices are in line with the median forecasts of other analysts. XRP price predictions in high range from three digits to $100up to 1000 USD. At the time of writing, XRP is trading at $1.96, down 8% in the last 24 hours.
Featured image created using Dall.E, chart from Tradingview.com
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