XRP Price Prediction: Will the Market Follow the Head-and-Shoulders Pattern?

XRP price remains in the spotlight of market analysis, and analysts predict that its price will decline soon.

XRP price remains in the spotlight of market analysis, and analysts are divided on its near-term fate. While some predict a decline to $1, others see a rebound to $5.

Currently, trading at $2.33, XRP price is showing mixed signals. This makes it difficult to determine whether it will continue trending upwards or experience a setback.

Another bearish signal is the head-and-shoulders pattern that has formed since December 2024.

If it follows this trend again, price is likely to drop and experience a rather considerable decline.

Head-And-Shoulders Pattern Signals Bearish Momentum

Crypto analyst Martinez is following the head-and-shoulders pattern closely. He predicts that if this pattern plays out, it could push XRP price down to $1.

This would be a 58% drop from current levels, making it a good potential loss for traders.

Crucially, the neckline of this pattern is at $2, a key support level to watch. A decisive break below this level could confirm the bearish outlook and open the door for more substantial losses.

Over the last 24 hours, price had remained forming the final phase of this bearish pattern, which is the right shoulder.

According to Martinez, this final phase of the pattern is completing, and it's setting up the final leg of the bear market.

If Ripple price drops below $2 , investors will start panicking, selling in the market, and will reduce the price of XRP to $1.

This is not the first time that analysts are warning of bearish signals on XRP price.

Previously, they had predicted sharp corrections, but the token managed to stay afloat.

However, with this pattern forming, investors are growing increasingly pessimistic about the crypto's future.

Analyst Predicts XRP Price Breakdown

Financial analyst Jesse Colombo also weighed in on the bearish potential of the head-and-shoulders pattern.

He highlighted that $2 is the key level for investors to watch closely to determine XRP’s future direction

If the token manages to close and stay above this level, it could continue to move higher.

But if it breaks down and closes below $2, then we can expect to see a swift descent in price.

Interestingly, Colombo noted that head-and-shoulders formations are usually very strong bearish indicators.

If XRP price manages to confirm this setup, then we can expect to see a massive price drop.

Despite multiple past predictions of a crash, XRP price has managed to stay afloat. It has managed to stay above major support levels, even during market corrections.

However, Colombo's analysis suggests that this time could be different.

Experts See Deeper Drop To $0.60

Additionally, some analysts predict that price has a potential possibility of going even lower. Another famous analyst, IncomeSharks, even predicted that it could fall to $0.60. This is because they claim that XRP price trading exhibits the pump and dump pattern.

This means that the token price surges and experiences a sharp decline within the same period. Furthermore, this has been supported by the head-and-shoulders pattern. Some critics even state that its long-term growth does not seem sustainable and it should rebound soon.

Despite these signals, price has not experienced a severe decline in each cycle. However, depending on the given technical indicators and overall market environment, the share price may face certain pressure.

However, not all analysts share the bearish sentiment. Captain Faibik sees a bullish pennant pattern forming on the four-hour chart. He predicts a rebound that could push XRP price to $5.

According to Faibik’s analysis, the price of this top cryptocurrency may go against the head-and-shoulders formation.

It means that if Bitcoin maintains its position, the price of XRP will also rise and may go up. However, this goes against the forecast some other analysts have suggested when they are bearish.

XRP price was down to over 10% today as Bitcoin sold for a price of $83,000. Hence, if the trend of Bitcoin continues to lower, the price of XRP may also fail to sustain at the present level. Some analysts forecast Bitcoin to reach a low of $70K which will exert pressure on altcoins.