• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

XRP Could Drop 74%, Analyst Warns

user avatar

by Giorgi Kostiuk

a year 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.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

XRP Integrated into Rakuten Wallet, Expanding Access to Millions

chest

XRP has been integrated into Rakuten Wallet, allowing 44 million users in Japan to access and use the cryptocurrency as a payment method.

user avatarMaya Lundqvist

Senator Blumenthal Investigates Binance for Possible Sanctions Violations

chest

Senator Blumenthal investigates Binance for possible sanctions violations.

user avatarLeo van der Veen

US Treasury Demands Compliance from Binance Amid Scrutiny

chest

The US Treasury Department has issued an ultimatum to Binance, requiring compliance with oversight measures amid allegations of facilitating illicit cryptocurrency activities linked to Iran.

user avatarLi Weicheng

Arthur Hayes Defends Altcoin Market at Consensus 2026

chest

Arthur Hayes defends the altcoin market at Consensus 2026, emphasizing the importance of privacy-focused cryptocurrencies like Zcash and highlighting Hyperliquid as a promising decentralized trading platform.

user avatarAisha Farooq

Bitcoin's Upward Momentum Shows Signs of Weakening

chest

Despite Bitcoin's upward movement, several internal market signals indicate that the current rally may be losing momentum.

user avatarTenzin Dorje

Samson Mow Calls for Strategic Flexibility in Bitcoin Treasury Companies

chest

Samson Mow emphasizes the need for flexibility in Bitcoin treasury strategies, arguing that selling Bitcoin can protect shareholders and manage market pressures.

user avatarBayarjavkhlan Ganbaatar

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.