The price of XRP has continued to dip, just like many other cryptos in the market. In the past 4 days alone, XRP price has dipped by more than 40%, but a little recovery seen in the past 8 hours puts the figure at around 25% at the time of writing.
Crypto Analyst Ali predicted this move with a tweet about the TD Sequential Indicator signaling sell signals some days ago. Since then, the price has crashed and has broken below the supports or recovery points predicted by some crypto analysts.
The TD Sequential indicator told us to sell $XRP a week ago. We should have listened! pic.twitter.com/nTBrUKFQJV
— Ali (@ali_charts) February 3, 2025
Ali’s warning came through the TD Sequential Indicator, a sophisticated momentum-based technical tool, which flashed a sell signal when XRP was trading near its recent peak of $3.2-$3.3.
What followed validated Ali’s analysis—a bearish engulfing candle, followed by a fast price drop over just three days.
What you'll learn 👉
XRP Market Analysis from Cilinix Crypto
A crypto YouTube channel with more than 90,000 subscribers, Cilinix Crypto, made a video to update the viewers about the state of the market, with emphasis on XRP price. The analyst also had predicted a price decline to around $2.9, which has already happened.
According to Cilinix Crypto, the short-term outlook for XRP appears bearish, primarily due to broader market conditions. The analyst noted concerning signals, including declining open interest, weakening leverage momentum, and the loss of key technical support levels.
While increased trading volume was observed, particularly around the $2.85 defense level, the overall market uncertainty, influenced by various factors including tariffs, continues to exert downward pressure on XRP price.
Although the analyst hoped for a recovery at around $2.55, the XRP price saw a fast crash to $1.7 but closed at around $2.26 in the 4-hour candlestick. Certainly, the depth of the Ripple price crash was not anticipated by many analysts.
Read Also: This Chart Pattern Signals a Potential Move for Cardano (ADA) Price – Here’s the Outlook
How Low Can XRP Price Dip?
The fast crash to around $1.7 was met with a bullish response as we saw the price start to recover from that point. The current 4-hour candlestick is green, and we could start to see some slow but steady recovery.
With the long wick in the last 4-hour candlestick signaling a long rejection and buying activities, XRP price closing above a key support on the 4-hour chart at around $2.25 suggests that the bottom could be here. However, the 4-hour chart only signals medium-term signals, and we may need to wait for the close of the daily candlestick for more confirmation.
Read Also: Here’s Why the Crypto Market is Crashing – The Worst Day in History!
Also, the state of the general crypto market could determine a lot for XRP price. With BTC price trading at around $94,000 at the time of writing, a recovery back to around $100,000 could bring some positive sentiment into the market.
Note that if Ripple price closes below the $2.25 support on the daily chart, we could see a crash to $2.0.
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Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.
Get all our future calls by joining our FREE Telegram group.
We recommend eToro
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
