The price of XRP (XRP) continues to underperform the larger cryptography market this week, even if several altcoins have become green while Bitcoin (BTC) has rallied to $ 88,800.
Table XRP at 1 day. Source: Cointelegraph / TradingView
Altcoin is down 4.7% in the last seven days, taking a break in the 11% rally given on March 19, when the news of the “end of trial” of the dry of the dry made the headlines. XRP negotiation volumes have also increased from around $ 4 billion to $ 2.6 billion, that is, a decrease of 35% in last week.
XRP Price looks on a steep cliff
In a recent post X, the veteran trader Peter Brandt said that the presence of a “manual” (H&S) head and shoulder model could lower the XRP price as low as $ 1.07.
PATTERN XRP HEAD AND-SHOTRS by Peter Brandt. Source: x.com
According to Brandt, a price rally greater than $ 3 could invalidate the H&S model. However, a drop below $ 1.90 opens the possibility of a correction of 55%. Brandt said,
“Below $ 1.9, I wouldn’t want to own it. H&S projects $ 1.07. Do not shoot the messenger. “
On the contrary, Javon Marks highlighted a positive escape for XRP. The cryptocurrency trader indicated that the price of XRP and the relative force index (RSI) both exchanged above their downwards dials.
XRP analysis by Javon Marks. Source: x.com
Historically, such a configuration has proven to be a profitable turnaround for Altcoin, and Marks said,
“The last escape has led to an increase in prices of approximately + 570% and prices can be ready for another substantial increase.”
Related: Waiting for the Altcoin season? The data suggest that it is already there
The XRP correction call could be premature
From a technical point of view, it is a little early to predict a retest of the level of $ 1.07 based on the structure of the existing XRP market. Although XRP has been in a downward trend since the beginning of 2025, the level of $ 1.90 has only been tested three times since November 2024.
Table XRP at 1 day. Source: Cointelegraph / TradingView
Since XRP exchanged above $ 2 level, he did not experience a daily fence below the threshold, which suggests that investors can consider this range as a potential buyout area.
In addition, the volumes of the cash market have been the main engine of the recent XRP rally, indicating sustained interest in investors in Altcoin in recent months.
Dom, an analyst of the order markets, noted that the following two weeks could be vital for XRP to establish a clear direction. The analyst mentioned that the current range does not capture his interest and said,
“We have to see clear ruptures of the levels I have shown. Be aware of the week or the next two, because the price action will be revealing. ”
Analysis of the XRP control flow by DOM. Source: x.com
The important level for XRP to recover is $ 2.50, which has been essential support and resistance in the last four months of price action.
Related: the price of bitcoin has just left a downward trend of 3 months while the “key change” begins
This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.
