Analyst Shares Why He’s Not Worried About XRP Price – ‘The Road To Valhala
The XRP value has spent the previous week struggling with bearish momentum, and the newest dip beneath the $2 value stage has additional added to the bearish sentiment. The cryptocurrency briefly slid beneath this psychological stage previously 24 hours, persevering with a multi-week sequence of lower highs and lower lows.
Despite this pullback, one crypto analyst on X proposes that the present motion is not as alarming because it seems. His value chart, which maps XRP’s weekly candles, reveals the XRP value falling to a well-recognized assist space inside a bigger descending channel.
XRP Price Still Trading Inside A Year-Long Range
XRP’s break beneath $2 might be the final blow for a lot of bullish merchants, however some are nonetheless holding on. In his breakdown, the analyst reminded followers that XRP has been transferring throughout the identical broad vary between $1.90 and $3.50 for almost a yr. According to him, the current drop to the decrease boundary of this vary is solely the market revisiting an already-established zone.
He highlighted the inexperienced assist area round $1.90, which has repeatedly prevented a deeper collapse all through late 2024 and early 2025. The chart he shared reveals XRP’s weekly candles inching towards that assist, touching the sting of the descending yellow channel that has formed value motion for the reason that final main rejection close to the purple resistance band above $3.
Keeping this value motion and the price range in mind, the analyst famous that nothing significant adjustments until XRP breaks beneath $1.90 A breakdown beneath this space, in his phrases, would ship XRP “again to McDonald’s,” which is a much more extreme retracement. However, so long as the inexperienced assist is in place, the continued decline will be categorized as noise inside a bigger consolidation part.
On the other finish of the chart sits the $3.60 resistance. The purple zone marking this space was examined earlier within the yr however rejected strongly, creating the broad vary XRP has been caught in ever since. Clearing this ceiling, the analyst stated, would unlock what he known as “the street to Valhalla.”
XRP Price Chart. Source: @stedas On X
The Road To Valhalla: What Comes After A Break Above $3.6
If XRP manages to interrupt by way of the $3.60barrier, the analyst believes the trail opens towards aggressive upside targets. His put up listed potential milestones at $7, $12, and probably even $25 if momentum expands right into a full-scale rally. The yellow upward projection line within the chart illustrates how shortly XRP might transfer as soon as that resistance is flipped into assist.
These value targets are in keeping with mid-scale predictions by different analysts. XRP value predictions on the high finish vary from three digits at $100, up till $1,000. At the time of writing, XRP is buying and selling at $1.96, down by 8% previously 24 hours.
