XRP on the Verge of a Serious Price Drop – Here’s What to Expect
Despite the overall downturn in the cryptocurrency market, which is mainly due to waning enthusiasm around the spot Bitcoin exchange traded fund (ETF), XRP is among the cryptocurrencies that are facing the most significant impact.
The token recently suffered significant losses, dipping below the critical support level of $0.60.
In response to this negative trend, analysts are already predicting significant declines in the valuation of XRP in the coming days. Notably, crypto analyst Alan Santana highlighted in a January 12 TradingView post that based on recent price movements and technical indicators, investors should prepare for a substantial XRP correction.
Santana backed up this prediction with various technical analysis. For example, on January 11, he highlighted a key rejection point just below the 50 exponential moving average (MA), where XRP briefly exceeded the $0.6054 level but eventually closed below it.
The upper trendline of the triangle also underwent a touch, suggesting a potential reversal. The next day, January 12, saw a full red session, prompting Santana to forecast a correction based on the day’s market action, while maintaining his optimism about future prospects.
Predicting a strong correction, the expert said:
It will be a very strong correction based on today’s action. Since this is just the beginning, prepare for impact. We will have plenty of time to buy at lower prices and enjoy a full year of growth (2024). I will be here to share with you the best time to enter when support is found.
Returning to Santana’s January 5 analysis, he pointed to troubling signs of an imminent breakdown, noting that XRP has consistently traded below the EMA200 with a weak relative strength index (RSI) of 34.33, indicating bearish momentum. The descending triangle formed since mid-November, along with lower highs and declining volume, presented a worrying picture for the XRP market.
“This combination of signals could lead to a serious decline. First slowly, as is happening now, and then a sudden collapse that liquidates all those whoare long,” he added.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
IOTA Rebased Launches After Year of Development—Here’s What’s New

Chainlink Launches Rewards Program with SXT Airdrop for LINK Stakers

6 Best Cryptos to Hold Long Term in 2025 Featuring BTFD’s 8900% Moon Math, APU, and PENGU—Only 1 Stage Left Before This Explodes!
BTFD Coin is now in its final presale stage, one step before launch on May 27, and offering triple tokens with the LAUNCH200 code.1. BTFD Coin (BTFD) – The Final Dip Before Liftoff2. Apu Apustaja (APU) – The Internet’s Favorite Frog is Back3. Just a Chill Guy (CHILLGUY) – Vibes, Hold, Repeat4. Notcoin (NOT) – The Telegram Titan Breaking Records5. Pudgy Penguins (PENGU) – Cold but Crushing It6. Brett (BRETT) – From Lurker to LegendConclusion: Can You Afford to Miss This Again?

Bitcoin Bullish Prediction: $100K May Be the New Floor
A bold Bitcoin bullish prediction suggests BTC may never dip below $100K again after a year. Are you ready?Why $100K Could Become Bitcoin’s New BottomLong-Term Bulls Are Holding StrongDon’t Get Left Behind

Trending news
MoreCrypto prices
More








