XRP Price Faces Major Drop: Analysts Predict a Crash to $1.90 – What’s Next for Ripple?

• XRP faces downside risk with key support levels at $2.30 and $1.90.
• TD Sequential indicator warns of further weakness in XRP’s price action.
• Increased trading volume signals potential for more price swings in XRP.

XRP has been facing increased volatility amid the ongoing crypto market downturn, with analysts warning of potential declines. Investors have been closely monitoring its price action as it approaches key support levels. Market experts have identified crucial price zones that could determine XRP’s next move. As bearish indicators strengthen, traders must assess whether a recovery is possible or if the price will drop below $2. 

XRP Faces Significant Downside Risk Amid Market Decline

Crypto analyst EGRAG CRYPTO recently highlighted XRP’s vulnerability, identifying key support levels at $2.30 and $1.90. According to the analyst, XRP’s inability to hold above these levels could lead to a deeper correction. The 21-day Exponential Moving Average (EMA) has emerged as a crucial indicator, signaling bearish momentum.

The broader crypto market downturn has intensified selling pressure on XRP, raising concerns about further declines. The recent price drop aligns with previous market cycles where XRP faced strong resistance near the $2.50 mark. 

If sellers maintain control, XRP price could test the $2.30 level before targeting the next support at $1.90. However, some analysts suggest that these dips could create potential buying opportunities for long-term holders.

TD Sequential Indicator Signals Further Weakness for XRP Price

Market expert Ali Martinez reinforced the bearish outlook, citing the TD Sequential indicator. This tool, which is commonly used to identify trend reversals, flashed a sell signal a week ago. Traders who exited earlier managed to avoid the recent downturn, while those still holding XRP might face additional losses.

XRP price action has shown a clear downward trend, with a 9.19% decline in a single day, bringing its price to $2.55. Moreover, trading volume surged by 402.02%, indicating increased market participation during the drop. 

A high volume-to-market-cap ratio of 25.49% suggests strong trading activity, often a precursor to further price swings. If selling pressure continues, XRP price may struggle to regain momentum.