Ripple’s XRP latest price action has left traders questioning whether the worst is over or if another drop is still ahead. In a new video, crypto analyst C-Zar Gets Crypto told his 39,000 YouTube subscribers that the XRP price could be on the verge of revisiting key support levels before any real recovery begins.
At the time of his recording, XRP was trading near $2.16. The token had shown some upward movement over the previous two days, but C-Zar made it clear he’s not convinced this was the bottom. Based on how price and momentum are shaping up, he believes a move below $2 is likely in the short term.
C-Zar explained that if you measure the move from the April low to the May 12 high, XRP price found support near the 0.5 Fibonacci retracement. But the recent rejection at the 0.382 level raised doubts about whether that support will hold. He now expects price action to shift back toward the golden pocket zone between $1.95 and $1.88.
Looking at shorter timeframes, he said the 1H chart shows weak momentum. Volume is dropping, RSI is fading, and attempts to break higher have failed to gain traction. He expects June 2 to close red and thinks XRP price could hit $2.10 or lower within the next few days.
XRP Short-Term Momentum Still Looks Weak
The 4H chart doesn’t offer much optimism either. C-Zar noted XRP has been rejected multiple times around the RSI 50 level, a sign that bulls still don’t have control. Based on the current structure, he expects a move toward oversold territory, possibly breaking below the recent low.
While he still leaves room for a potential double bottom to form, the most likely outcome, in his view, is a dip toward $1.95. He believes that low could be found sometime between now and Wednesday, June 5.
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Despite expecting short-term weakness, C-Zar remains bullish on XRP’s bigger picture. He believes that once this local bottom is in, the token could begin its next leg up, possibly starting later this month. His long-term target range sits between $11 and $16, with a peak of $13 to $14 most likely.
He didn’t go deep into long-term charts during the video, but reaffirmed that his July timeline remains on track. This short-term drop, he said, doesn’t change that outlook.
C-Zar wrapped up by saying the expected drop from $2.16 to $1.95 isn’t something to panic over. In fact, he sees it more as a setup for those looking to enter the market. Weekly RSI remains strong, and he believes it’s just a matter of time before XRP price breaks out of its current range.
For now, though, he expects the market to move lower before setting up for the next major push.
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