Will the XRP price crash again?

Key Takeaways:

• XRP tests a falling wedge outbreak that could lead to a rally at $ 3.60.

• Walmy pockets are red, and the story shows that this is not bullish for the XRP price.

• Reflection under $ 1.11 could trigger an inverse cup and handle pattern and target a sharp decline to USD 0.50.

XRP (XRP) has recovered by more than 50% in the past five weeks and reached $ 2.42 on May 16. However, the price remains 30% below its peak of 3.40 US dollars, which causes concerns about a bull trap.

Will the price of XRP maintain recovery or continue to decrease in the coming days? Let us examine.

Fall test falls a falling wedge with sharp XRP rally

According to Chartist CW, XRP is completed a textbook for its falling wedge outbreak.

The price often comes back after the outbreak to test the upper trend line of the wedge again. If it is considered a support and the buyers immerse yourself and prevent the price from falling back into the wedge, it signals strong demand and the renewed trust in the upward trend.

CW predicts that XRP stops above the upper trend line of the falling wedge, which could help to increase its prices to the technical upward destination of USD 3.60.

Related: History rhymes? The XRP price received 400% last time when whale rivers were turned over

This goal is obtained by adding the maximum height of the wedge to the outbreak point, as shown below.

The Wedge setup indicates that XRP will probably not be crashed in the coming days. However, if the price falls below the upper trend line of the wedge, the bullish setup of invalidity exists and interprets XRP on the lower trend line at around 1.75 US dollars.

Maximum pain scenario: 50% XRP price crash

At the same time, XRP may be a bearish reversal signal because it forms an inverse cup-and-hand pattern.

The pattern has developed in the past five months, with the rounded “Cup” formed between December 2024 and March 2025, followed by consolidation “reached” in May. The cut -out support is 1.11 US dollars.

A confirmed breakdown below this level could validate the pattern and trigger a deeper correction.

Based on the amount of the pattern, the projected downward target is around 0.50 US dollars, which is a decline of almost 80% compared to the current level. The falling volume during the grip phase and the neutral RSI measurement value support the risk of a bearish sequel.

The XRP Walfraktal indicates the price drop below $ 1

From May 15, the XRP price is below the average of $ 2.58 paid by its largest owners – those who hold over 10,000 XRP in their wallets.

If XRP whales are in red, the price often recovers towards its average purchase level, but this jump can be short-lived. In the past, a broader retreat follows, which tests the average entry prices of smaller owners.

For example, in September 2021, XRP rose short to 1.19 US dollars, just above the whale price of USD 1.01. Soon afterwards, however, it fell below 1.10 US dollars and tested the entry level levels of other briefcase groups again as support.

It shows that realized prices act as magnets for price campaign, which points out that XRP could increase at short notice towards the wal price of USD 2.58.

In the worst-case scenario, the price of XRP can drop to $ 0.67, the realized price of the 1000-10,000 XRP balance cohort. The goal of XRP to use the aggregated price seems to be 1.04 US dollars.

On the other hand, a continued rally over 2.58 US dollars will look up in the whales, which could be reinforced by the start of Spot XRP ETFs in the USA.

This article does not contain investment advice or recommendations. Every investment and trade movement is the risk, and readers should carry out their own research results if they make a decision.