Ripple (XRP) Price Set for a Drop: Here’s How Low It Could Go

Ripple price could be facing a further downturn following a 15% drop in the past two weeks. The price is showing increasing bearish signals, and this was also mentioned by crypto analyst C-zar, who shared his outlook in a new episode on the C-Zar Gets Crypto YouTube channel.

Although the long-term perspective remains bullish, he warns that XRP may still fall further before the next leg up begins.

XRP Price May Dip Before June Pump

C-zar began the video by acknowledging the lack of a breakout on the daily chart. XRP has failed to close above the key levels he was watching, and the broader market downturn, especially Bitcoin’s decline, is dragging XRP lower too. At the time of the video, Ripple price was trading around $2.29, and he expected it to drop toward $2.20 or even $2.15.

He pointed to the 0.382 Fibonacci level around $2.19 to $2.20 as a likely support zone. His RSI analysis on the daily chart revealed a concerning signal: the index is forming a lower low and could fall to 40 or slightly under before stabilizing. However, he maintained that XRP will likely keep its structure of higher lows overall.

In the short term, the technicals paint a bearish picture. The hourly chart shows extreme volatility and a pattern of lower highs and lower lows. “That’s a pretty crazy RSI right there, man,” he said, emphasizing the frequent oversold conditions that XRP has been experiencing.

C-zar predicted that XRP would bottom out by the end of the week (Thursday or Friday), calling the coming weekend a “boring” one for XRP. But he expects a shift in market sentiment by Monday or early next week, with a new bullish move beginning as June starts.

XRP Sentiment and Long-Term Targets

Looking beyond price levels, C-zar also analyzed the psychology behind the current XRP market. He believes we are in the “disbelief” phase, where only the strongest holders still believe a rally is coming. Retail investors have yet to re-enter with confidence, but once the price climbs back to $3.00 or $3.20, sentiment will flip bullish rapidly.

Read Also: Kaspa Surpasses Visa and Mastercard in Key Metrics but Investors Keep Dumping: Here’s Why

At present levels, he believes many will doubt XRP’s potential. But he’s confident that once it starts moving, the token will “move like a freight train.” He ended the video by boldly stating that Ripple price could hit $10 to $15 by the end of June or sometime in July.

While the XRP price prediction may sound ambitious, C-zar ties it back to market cycles and leverage flushing. According to him, once the overleveraged positions are cleared and retail confidence returns, Ripple could soar quickly. He encourages viewers to hold on during the dip, as the long-term trend still points upward.

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Temitope Olatunji
Temitope Olatunji

Temitope is a seasoned writer with over four years of experience. He specializes in Web3 and FinTech topics and enjoys creating content in these areas. He holds both a bachelor's and master's degree in Linguistics. When not writing, he trades forex and plays video games.

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