- XRP loses critical support zone.
- Yet, it has not lost potential for an explosive breakout.
- Can XRP hit a new ATH this year?
The crypto market continues to see a brutal drop in prices, leading to an extreme fear state in the market. At the moment, the market is witnessing massive liquidations caused by BTC and ETH prices dropping dramatically. In turn, the prices of altcoins have been falling faster as well. Most recently, Ripple took a hit as XRP loses critical support zone. Despite this, XRP has not lost potential for an explosive breakout.
XRP Loses Critical Support Zone
Over the last few weeks and months, several XRP analysts and altcoin enthusiasts saw the prices of several altcoin prices surge before dipping again. Among these assets was XRP, although the asset had its pump a lot longer than the others and has been steadily falling since then. According to these experts, the XRP price chart has been printing several bullish indicators for a long time.
Thus, they conclude that XRP has to complete a drop before allowing the flush to price a price bottom, likely in the $0.8 price range, before the asset can surge once again and likely pull a parabolic price pump to possibly set a new ATH over the coming months. As we can see from the post above, this expert says that XRP is currently losing a critical support zone, but has not lost its explosive breakout potential.
In detail, the post highlights how by closing above $1.05 this week, XRP has kept the broader breakout structure intact. However, a weekly close below would open the door to the next major support zones that holders and analysts are currently eyeing (the purple liquidity sweep zone – resistance from the previous cycle). What makes this moment especially important is that the 50W and 200W EMAs are converging exactly at this current support.
On the weekly chart, this collision between short-term momentum and long-term trend creates high tension. These convergence zones often act as a springboard for explosive moves in either direction. Despite the recent red candles and downward pressure, the bullish breakout thesis remains fully alive as the Clarity Act and institutional utility can grant a positive volume catalyst to finally invalidate the downtrend and shift momentum back to the bulls.
The Asset Still Holds Potential for an Explosive Breakout
Meanwhile, another analyst uses the chart in the post above to highlight a bullish signal. In detail, he talks about a fractal taken from the white rectangle, showing historical bear market averages and compares it to the orange that is flipped using 1/2 the distance between high and low, showing historical bull market averages.
Additionally, the red is flipped using the lows, showing as the high range for bull markets. Finally, the blue is flipped showing a lower range for bull markets. In conclusion, the expert says a bullish surge is highly likely for XRP and that the run could be exceptionally parabolic. Could XRP see a new ATH this year?
