Despite the shaky market conditions of 2025, where numerous large-cap assets have stumbled, XRP has managed to stay afloat. Nevertheless, the altcoin has been unable to resist the bearish market pressure that occurred over the previous week.
As per CoinGecko data, XRP’s price has experienced a nearly 16% drop in the past seven days. A renowned crypto analyst on social media platform X has indicated that XRP may be on the brink of further difficulties.
XRP Could Face A 50% Plunge, Analyst Predicts
In a post on March 1 on platform X, crypto expert Ali Martinez made a thought-provoking prediction for XRP’s future price. He suggested that the fourth-largest cryptocurrency could face substantial bearish pressure. According to Martinez, the value of XRP might decrease by nearly half in the coming weeks.
This pessimistic prediction is based on the presence of a head-and-shoulders pattern on XRP’s 12-hour chart. The head-and-shoulders pattern, a key technical analysis tool, is characterized by three distinct high swings, with a higher “head” positioned between two lower “shoulders”.
This pattern often indicates a potential trend shift, typically from an upward to a downward price trend. This shift can be confirmed when the asset price falls below the neckline, a trendline connecting the lows between the head.
The recent XRP price chart indicates that it found support at the neckline around the $2 mark before rebounding to roughly $2.2. The price of XRP seems to be making a move back towards the neckline. If XRP returns, breaks, and finally closes below the neckline, a downward trend may be imminent.
In the head-and-shoulders pattern, the target price is determined by subtracting the pattern’s height (the vertical distance between the head and the neckline) from the breakout point. If this strategy holds true, and XRP falls below $2, it could potentially plunge to approximately $1.1—a nearly 50% drop from its current price.
However, it’s crucial to note that a robust 12-hour candlestick close above the $2.8 mark would nullify the present bearish prediction for XRP. If XRP can reclaim $0.8, it could potentially resume its bullish trend and strive for new peaks in this cycle.
At the time of writing, XRP’s price is hovering around $2.17, indicating a 1% rise over the past 24 hours.
