Ripple (XRP) price has been dipping since mid May, dropping from $2.6 to around $2.1 at the time of writing. However, it seems the dip might not be stopping soon.
According to a video from C-Zar Gets Crypto on YouTube, there’s more downside coming for XRP. In his words, many traders are getting caught in the hype, but the technical charts are not backing the bullish excitement. C-Zar points out that XRP has had a decent pump recently, but this rally could turn out to be a bull trap, especially since similar price action led to a sharp crash in 2021.
He explains that right now, XRP is overbought based on the RSI indicator. The RSI is reaching levels not seen since the last major bull run, which usually signals that the price may be due for a correction. Alongside that, the MACD shows a bearish divergence. This happens when the price keeps climbing but momentum is fading, which is a classic sign of trend reversal.
What you'll learn 👉
XRP Price Could Drop to $1.70 If Momentum Weakens
C-Zar warns that XRP could drop below $2 in the short term. He sees the next support zones around $1.80 and possibly even $1.70. The XRP price might need to reach those levels before it finds stable footing again. He is not saying Ripple is a bad project, just that the current price may not be sustainable right now.
Another factor he highlights is the low trading volume. The XRP price surge hasn’t been supported by strong volume, which adds more risk of a sudden pullback. He believes traders need to avoid buying into hype and instead focus on data and realistic expectations.
C-Zar also reminds viewers that Ripple is still facing uncertainty from the ongoing SEC lawsuit. While Ripple has scored partial legal wins, the case is not over yet. Until a final ruling comes through, the Ripple price may continue to be weighed down by regulatory risk.
XRP Still Follows Bitcoin, So Watch BTC Closely
In the bigger picture, C-Zar points out that XRP and other altcoins still follow Bitcoin. If Bitcoin drops, the XRP price is almost always going to follow. So even if XRP looks strong on its own, any weakness in Bitcoin can drag it lower.
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His message is clear: if you believe in Ripple for the long term, accumulate when prices are low, not after a big rally. But if you’re chasing price pumps hoping for quick gains, there’s a good chance you’ll end up stuck in a correction.
C-Zar’s analysis calls for caution. With XRP price sitting at $2.1 and signs pointing to a possible drop to $1.80 or $1.70, investors are advised to pay attention to the charts and stay grounded. Ripple still has strong long-term potential, but the short-term might be bumpy especially if Bitcoin turns lower or if legal pressures remain.
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