XRP Could Drop 74%, Analyst Warns

user avatar

by Giorgi Kostiuk

2 years ago

Analyst EGRAG Crypto has raised alarms about a potential significant drop in XRP's price. The current market downturn and negative funding rates may add to the pressure.

XRP To Face 74% Crash

According to EGRAG Crypto, XRP might experience a 74% drop due to historically significant declines every time it hit 'Fork C'. Historical data shows significant corrections in December 2015, May 2017, September 2018, and April 2021.

Avoiding the Crash: The $4 Barrier

To avoid the bearish scenario, it's crucial for XRP to close above $4 on a weekly chart by March 10, 2025. Failure to do so may trigger a significant downturn. The upcoming lunar eclipse on March 14 adds urgency, historically coinciding with market volatility and price drops.

Funding Rates Add Pressure

Negative funding rates for XRP indicate increased traders betting against its price, creating additional pressure on its current market position, reflecting bearish sentiment.

Despite short-term concerns, EGRAG remains bullish on XRP's long-term outlook. Breaking the $4 resistance could lead to a rally towards $13-$15.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

American Bitcoin Reports Strong Third Quarter Performance

American Bitcoin reported a net income of approximately $126 million for Q3, highlighting its Bitcoin reserve growth from mining operations.

user avatarDavid Robinson

Hyperliquid Strategies Files for Futures Commission Merchant Status

Hyperliquid Strategies has filed an application to become a futures commission merchant, allowing it to handle certain futures-related client functions.

user avatarAndrew Smith

Hyperliquid Strategies Reports Significant Growth in HYPE Token Treasury

Hyperliquid Strategies announced significant growth in its HYPE token treasury, reaching 385 million tokens as of September 30, following the deployment of 802 million tokens in the previous quarter.

user avatarJacob Williams

Alchemy Pay Expands Regulatory Reach with New License in Mississippi

Alchemy Pay has secured a money transmitter license in Mississippi, increasing its total to 20 states in the US.

user avatarZainab Kamara

Blockchain.com Introduces New Trading API for Institutional Clients

Blockchain.com has launched a trading API designed for institutions to access its liquidity across digital assets.

user avatarSon Min-ho

Warren and Trump Team Up for Credit Card Interest Rate Cap

Senator Elizabeth Warren announced her readiness to collaborate with President Donald Trump to implement a 10% cap on credit card interest rates, aiming to provide relief for millions of Americans burdened by high credit card debt.

user avatarAyman Ben Youssef

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.