Pundit Says XRP Price Risks Crash Below $1, Here’s Why

Crypto analyst Bobby A is warning that the XRP price may face trouble ￰0￱ says the large monthly chart is showing weak signs, and this could mean the market is turning bearish ￰1￱ analyst thinks the price might need to drop further before it can move ￰2￱ Signals Showing On The XRP Price Monthly Chart Bobby A says the big XRP chart does not look healthy right ￰3￱ explains that many important monthly indicators are crossing ￰4￱ says XRP is trading below the 1.618 level, and the price action there looks like a rejection rather than a ￰5￱ thinks this rejection is happening at a terrible time for XRP, noting that the monthly candle is closing near the BMSB line, another dangerous sign for the ￰6￱ Reading: Ethereum Price Prediction: Analyst Forecasts What Will Happen In The Last Quarter Of The Year Bobby A reminds traders that when the Bressert indicator crosses bearish on the monthly chart, history shows it has never been good for ￰7￱ believes that history could repeat itself, and these bearish signals are evident on the chart right now, suggesting the mid-term trend may not be ￰8￱ analysis says that in six days, XRP will be facing the monthly candle close again, and facing it while price action is weak is usually not a good ￰9￱ is worried because the chart’s overall structure shows more weakness than strength at this ￰10￱ explains that when a chart shows this kind of technical damage, the smart move is to stay ￰11￱ says traders must focus on risk control during times when the big charts start to flash warning ￰12￱ shares this because he has trusted his chart study before when XRP was under $0.30, and now he needs to trust what he sees again with XRP above $2.

He says the market can change very fast, and traders must be ready for those ￰13￱ May Drop To Lower Support Before Moving Up Again Right now, XRP is already making a small move ￰14￱ A says this retracement is happening in real ￰15￱ warns that XRP could roll over again and retest lower price support ￰16￱ this happens, the token price could fall under $1 to find more substantial support before it tries to ￰17￱ believes there is a real and present risk that the price will crash below $1 if sellers keep pushing it ￰18￱ Reading: Dogecoin RSI Breakout Shows Main Target, Why $1 Is Still Possible He advises traders to protect their money and manage their trades ￰19￱ says capital safety must come first in times like ￰20￱ though he still believes in XRP’s long-term future and remains a strong supporter of the project, he feels the odds right now point to lower prices in the ￰21￱ says this is because the latest market signs are not strong enough to support a big bullish move ￰22￱ image created with Dall.

E, chart from ￰23￱