XRP holders may be in for an extended period of decline as the cryptocurrency loses further ground in a weakening market. Its recent performance has been so disappointing that analysts have largely abandoned hope for a near-term push toward higher resistance levels. They note that XRP has fallen below key support zones, leaving little technical defense against further drops.
### XRP Braces for More Losses as Support Levels Crumble
A crypto market analyst known as ‘Guy on the Earth’ on X has shared a grim outlook for XRP’s short-term future. In a recent post, he indicated that XRP is poised for more losses as its market structure continues to break down. The price action is now at risk of falling out of its descending channel, signaling broad weakness rather than stability.
According to this analyst, the odds of XRP recovering to the $1.95 level by the weekly close are extremely low. However, breaking below the consolidation range that has held since November 2024 could trigger a technical decline toward $0.90. He also noted that signals from the monthly chart align with the two-week chart, which is nearing its close in just a few days.
Guy on the Earth sees little reason for optimism in the current setup. He stressed that no significant support levels are holding up, and market demand appears weak, leaving XRP exposed to ongoing selling pressure and potential further declines. His assessment was straightforward: the market “is what it is” at this point.
The chart accompanying the analysis shows XRP trading within a clear downward channel that has guided prices lower for months. Each attempt to rally has been stopped by descending resistance, reinforcing the bearish trend. Recent price movements show XRP drifting toward the lower edge of this channel, raising the risk of a breakdown.
Momentum indicators at the bottom of the chart also reflect sustained pressure. XRP’s Relative Strength Index (RSI) remains near the lower end of its range, indicating persistent weakness as the price struggles to recover.
### A Glimmer of Short-Term Hope for XRP
When asked by a community member whether a daily close back inside the descending channel could temporarily spare XRP from a prolonged downturn, Guy on the Earth acknowledged it was possible. He stated such a move might offer short-term relief but described it as minor compared to more significant structural levels.
The analyst’s primary focus remains on the $1.95 level at the two-week close, which he considers the most critical area to monitor. This level has held for the past 13 months, making it a key support zone for XRP. While a return to the channel wouldn’t reverse the overall bearish trend, it would at least suggest XRP still has some potential for recovery.
Frequently Asked Questions
Of course Here is a list of FAQs about the potential for further XRP losses and the concept of support levels framed in a natural tone
Beginner General Questions
1 What does no solid support level even mean
It means that on the price chart there isnt a clear price point where a large number of buyers have consistently stepped in to prevent the price from falling further Think of it like a floor that keeps breaking
2 Why is XRP dropping so much
Prices can drop for many reasons negative news about Ripple or crypto regulations a general downturn in the overall crypto market large holders selling off or a loss of investor confidence
3 Should I sell my XRP now to avoid more losses
This is a personal financial decision Selling now locks in your current loss The risk of holding is that the price could fall more but selling means you miss out if it recovers Consider your investment goals and risk tolerance
4 How low could XRP realistically go
No one can predict an exact bottom Without strong support the price could theoretically fall until it finds a level where significant new buying interest emerges which could be much lower than current prices
5 Is this a good time to buy XRP at a discount
Some investors see big drops as buying opportunities However this is risky if the decline continues Its often safer to wait for the price to show signs of stabilizing before considering new purchases
Advanced Technical Questions
6 How do traders identify support levels on a chart
They look for historical price areas where the asset has repeatedly bounced upward after falling to that level This is often seen on charts as a horizontal line connecting several price lows over time
7 What happens if a major support level breaks
A break below a key support level often triggers more selling as stoploss orders are activated and traders exit their positions This can accelerate the decline and turn the old support level into a new resistance level
8 Could there be hidden or nontechnical support for XRP
Yes Support isnt only on charts It could come from
Fundamental News A major positive legal development for Ripple or a new partnership