title: XRP (XRP) Price Will 'Probably' Crash to $1, Predicts Analyst Who Accurately Called Bitcoin (BTC) and Solana (SOL) Corrections

A crypto strategist who accurately called the Bitcoin (BTC) and Solana (SOL) correction this year says that the payments altcoin XRP is next in line to witness big price drops. By Lucas Outman

Crypto analyst Bluntz, known for his successful predictions of the Bitcoin (BTC) and Solana (SOL) corrections earlier this year, is now turning his attention to another altcoin that he believes is poised for significant price declines.

In a recent post on X, previously known as Twitter, Bluntz, who boasts a following of 318,000, warns that the XRP/BTC pair is displaying a bearish divergence on the weekly chart.

In a recent post on X, previously known as Twitter, Bluntz, who boasts a following of 318,000, warns that the XRP/BTC pair is displaying a bearish divergence on the weekly chart.

This is a crucial signal for traders to watch out for, as it indicates that the token may be losing its bullish momentum and could be preparing for a downward trend.

Furthermore, Bluntz points out that XRP appears to be unfolding an ABC correction against the USD.

“Looks increasingly like that was a complacency shoulder B wave on XRP in my opinion. If BTC and SOL taught me anything the last month, do not fade the weekly bear divs.”

suggest that the crypto market is gearing up for some interesting moves in the coming days and weeks.

Those who prefer a more technical analysis approach may be interested to know that Bluntz practices the Elliott Wave theory, which predicts that an asset will usually undergo an ABC pullback after completing a five-wave rally.

According to Bluntz's chart, he anticipates that XRP will need to decline to the $1.00 to $1.20 range to fully complete the ABC correction.

At the time of writing, XRP is currently trading at $2.46.

Earlier this year in January, when Bitcoin was still trading above the $100,000 price point, Bluntz made the observation that Bitcoin appears to have completed a five-wave rally and that the market may be reaching a top.

Later, in March, Bluntz shared with his followers that Solana (SOL) is beginning to look weak as it encountered resistance at the $220 level and showed a bearish divergence on the 2W chart.