A crypto analyst has identified a key support level that could determine whether the XRP price stabilizes or experiences a sharp sell-off, sending it crashing toward the $0.90 mark. With volatility building and market sentiment turning cautious, XRP’s next move may be critical for both short-term traders and long-term holders.
XRP Price Faces Decline To $0.9 If Support Fails
A crypto market expert who refers to himself as ‘Guy on the Earth’ on X has released an updated outlook on XRP, warning traders about a critical price level that could determine the cryptocurrency’s near-term direction. He noted that XRP has closed below the $1.95 monthly support zone for the first time in 13 months, signaling growing downside risk. According to his assessment, this breakdown could have serious technical implications if XRP fails to recover quickly.
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The analyst’s chart shows that this marks the second time XRP has fallen below the $1.95 support on the weekly timeframe. Guy on the Earth stated that the last time it happened was during April’s US tariff-related market stress, which caused XRP and the broader crypto market to crash.
If history is any guide, the cryptocurrency could decline again if it fails to hold the $1.95 support level. The analyst has set the breakdown target at $0.90, which represents a more than 50% crash from current levels around $1.85. For the XRP price to stabilize, bulls must reclaim the $1.95 level and hold above it as soon as possible.
Guy on the Earth noted that XRP recently attempted to move back above $1.95 but was rejected, forming another lower high and reinforcing its broader bearish structure. He added that if the monthly chart fails to reclaim this support within the next several days, XRP’s downside momentum could accelerate.
For traders uncomfortable with the current setup, the analyst suggested reducing exposure and waiting for a confirmed daily close above $1.95 before re-entering the market. He explained that this strategy could help limit losses while keeping traders positioned for a potential price recovery.
From a longer-term perspective, Guy on the Earth has identified several potential accumulation zones if XRP’s price continues to fall. The key levels to watch on the chart are $1.61, $1.42, and the $0.90 target, with $0.75 representing the initial breakdown area from the previous rally. The analyst further noted that increased selling pressure from Bitcoin could open the door to deeper downside moves for XRP.
Analyst Confirms Bullish Recovery Still Possible
Toward the end of his analysis, Guy on the Earth noted that the recent price action does not indicate a full-scale downturn for XRP. He explained that the cryptocurrency is less than $0.04 from the rectangle resistance and that Bullish Divergence has yet to play out across multiple timeframes.
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According to the analyst, a recovery and subsequent rally are still in the books for XRP, highlighting that sellers are becoming exhausted. Nevertheless, he warned that caution is necessary given XRP’s two consecutive weekly closes below key support.
Featured image from Adobe Stock, chart from Tradingview.com
