Crypto analyst Dom has shared his thoughts on XRP’s recent price movements, explaining the significance of a “triple tap” at the $1.80 level. This analysis comes as XRP loses most of its gains from earlier this year following a broader market downturn.
Dom pointed out that the triple tap at $1.80 represents a final potential sign of a bottom forming. He warned that if the price falls further, it could lead to a breakdown for the altcoin. According to him, bulls need to push the price back above $2.05 to return to a “safe zone.”
This commentary follows XRP’s drop below the key $2 mark, mirroring the wider crypto market decline. The sell-off has been partly attributed to bearish sentiment sparked by recent geopolitical developments, such as new tariffs.
Reflecting on XRP’s 30% rally earlier in the month, Dom described it as a weak move, lacking strong buyer support and driven by low liquidity. On-chain analytics firm Glassnode also weighed in, noting that XRP’s current market structure is similar to that of February 2022. They observed that recent buyers are accumulating below the cost basis of longer-term holders, which could increase selling pressure over time.
Meanwhile, another analyst, Egrag Crypto, believes XRP’s overall structure is still intact. He identified an upper resistance range of $3.40 to $3.60 and a lower support range of $1.85 to $1.95, with the price currently near the lower end. He noted that the price remains below the declining 21 EMA, indicating weak short-term momentum.
Egrag Crypto suggested that a brief dip below $1.85 could be a normal “liquidity sweep” within the range. However, a weekly close below that level would signal a structural failure. For now, he maintains a bullish stance, viewing the price as still ranging within a valid structure.
At the time of writing, XRP is trading around $1.90, down more than 3% over the past 24 hours.
Frequently Asked Questions
FAQs The TripleTap at 180 and XRP Price
Beginner Definition Questions
1 What is a TripleTap in trading
A TripleTap is a chart pattern where the price of an asset tests a specific level three separate times It shows that level is a strong barriereither as resistance or support
2 What does TripleTap at 180 mean for XRP
It means the XRP price has approached the 180 level three times in its history but failed to break and hold above it decisively This establishes 180 as a major psychological and technical resistance level that traders are watching closely
3 Why is the 180 price level so significant for XRP
180 is significant because it was the alltime high price XRP reached in January 2018 Revisiting this level multiple times reinforces its importance Breaking above it could signal a major bullish shift while failing again could lead to a significant pullback
Benefits Bullish Implications
4 What happens if XRP finally breaks above 180
A confirmed sustained break above 180 on high volume could trigger a major bullish move It would invalidate a longstanding resistance likely attracting new buyers and momentum traders with the next major targets often seen around the 200 and 300 levels
5 Is a TripleTap always a bearish pattern
No not always While it shows strong resistance the third tap can sometimes be a precursor to a breakout The key is watching the momentum and trading volume on the third attempthigh volume on a break upward suggests the resistance may finally give way
Common Problems Bearish Risks
6 What is the main risk if XRP fails at 180 again
The main risk is a sharp rejection and price decline If XRP taps 180 for a third time and gets pushed back strongly it could lead to a selloff as traders lose confidence in a nearterm breakout This could see the price fall back toward lower support levels like 150 or 120