The post Analyst Predicts 70% Chance Of XRP Price Crash To $0.65, What’s Next? appeared on BitcoinEthereumNews.com.

XRP price has recorded a surge of over 6% today sparking market optimism but an analyst has issued a warning for Ripple’s coin ahead. In a recent analysis, the expert noted that there is a 70% chance of a potential correction to $0.65 for the asset. However, despite that, he noted that if the asset breaks through a key level ahead, it could hit a double-digit within the next two to three weeks. XRP Price At Crossroad: $0.65 Or $0.17? In a recent X post, analyst EGRAG CRYPTO spotlighted XRP price’s current pattern as an Ascending Broadening Wedge, a formation that often signals high volatility. According to the analyst, the crypto is at a fork in the road — either it dips sharply or skyrockets. He emphasized that XRP must close above $3.50 to confirm a bullish setup. If it fails to hold above $5 during a future rally, it may retest $1.90. Following that, another attempt to close above $5 could trigger a run to $6. A successful close beyond that level could propel XRP into double-digit territory, likely $17.50, within weeks. However, the analyst warned: “There’s a 70% chance it breaks to the downside and only a 30% chance for an upside breakout.” Source: EGRAG CRYPTO, X Meanwhile, EGRAG added that this outlook depends on how Ripple’s native asset reacts to the $5 resistance in future price action. If it fails at that level again, the bearish scenario gains weight. Besides, it also comes as Ripple whales moved $572 million in XRP recently, which has further fueled market speculations. Short-Term XRP Targets Still Bullish Another expert Dark Defender has shared a bullish forecast for the asset in the near term. Highlighting the monthly chart outlook, the analyst said that the Relative Strength Index (RSI) remains strong, and the…

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Filed under: News - @ April 5, 2025 2:21 pm