Market How Low Can Xrp Price Go After Falling Under $2? 2025
XRP price crumples toward new lows as Bitcoin and ETH liquidations surge. Is the altcoin’s next stop $0.88?
XRP’s megaphone pattern on the weekly chart targets $0.88.
Mounting selling pressure is prompting many investors to sell their XRP holdings at a loss.
XRP (XRP) extended its downtrend on Friday, dropping 3% over the last 24 hours to trade at $1.93. The inability to hold above $2 now puts the altcoin’s recovery possibilities in question, with traders asking how much further it can fall.
The XRP/USD pair has formed a megaphone pattern in the weekly time frame, suggesting that a deeper correction was in store for the altcoin.
A megaphone pattern, also known as a broadening wedge, forms when the price creates a series of higher highs and lower lows. As a technical rule, a breakout below the pattern’s lower boundary may trigger a sharp drop.
Related: ETF altseason? Solana, XRP funds buck crypto’s market sell-off
In XRP’s case, the pattern will be confirmed once the price breaks above the lower trend line around $1.80.
The measured target for this pattern is $0.88, or a 54% increase from the current level.
Key levels to watch before this target is reached are the 100-week simple moving average (SMA) at $1.60 and the 200-week SMA at $1.05.
Source: CoinTelegraph
