XRP Price Forecast: Significant Decline Drives XRP Closer to Complete Downturn – Is a Bear Market Now Beginning?

XRP has recently dropped towards the crucial $2 level after experiencing a 16% decline within a week, raising questions about its ability to maintain stability or if a bearish XRP price prediction is now inevitable.

With trading volumes over the past 24 hours surging by 27%, accounting for nearly 5% of its circulating market capitalization, the pressure is escalating quickly.

The introduction of a new XRP exchange-traded fund (ETF) in the United States has had minimal impact in halting the decline, as the token continues to be affected by the overall downturn in the cryptocurrency market.

The Fear and Greed Index has dropped to 15, a figure not recorded since April, indicating a worsening of investor anxiety.

If XRP falls below the $2 threshold, the decline could accelerate. Open interest in XRP futures has already decreased to its lowest point since November, when Trump’s electoral momentum momentarily boosted crypto market sentiment.

XRP Price Prediction: Trend Line Support Holds, But Downside Risk Persists

XRP rebounded from a significant trend line support yesterday and may be positioning itself for a short-term recovery.

Nevertheless, the likelihood of a bearish breakdown remains considerable and could lead to substantial losses if that support level is breached.

If XRP falls below this trend line, the initial major demand zone is at $1.75, suggesting a possible 17% decline from current prices.

A more severe breakdown could lead it to the next “drop zone” around $1.47, which would represent a 30% decrease, sufficient to keep even the most aggressive buyers cautious.

With fear still prevailing in the market, attempting to time a bottom at this point appears risky, particularly with momentum remaining uncertain.

This is why some traders are exploring the best crypto presales, where the potential for upside is greater and the crowd has not yet fully engaged.

Maxi Doge ($MAXI) is cultivating a trader-centric meme community where trading setups, early opportunities, and high-energy challenges converge in one location.

Momentum is rapidly increasing, and the opportunity to join early is still available.

Maxi Doge ($MAXI) is Building a Thriving Community for Like-Minded Meme Coin Traders

Maxi Doge ($MAXI) harnesses the enthusiasm of bull markets and channels it into a Doge-themed meme coin, providing traders with an enjoyable, fast-paced entry into a growing network of like-minded individuals seeking early opportunities.

Traders will have the opportunity to earn rewards and recognition through competitions such as Maxi Ripped and Maxi Gains.

Additionally, traders can exchange insights, strategies, and top setups with a community of degens actively searching for the next 10x.

Up to 25% of the presale funds will be allocated to leading tokens this cycle, with profits supporting future marketing efforts to enhance awareness and keep $MAXI in the limelight.

To purchase $MAXI and participate in the momentum, simply visit the official Maxi Doge website and connect a compatible wallet like Best Wallet.

You can either swap USDT or ETH for this token or utilize a bank card to invest.

Buy $MAXI Here.

The post XRP Price Prediction: Brutal Sell-Off Pushes XRP Toward Total Collapse – Is a Bear Market Officially Starting? appeared first on Cryptonews.