XRP’s Bullish Megaphone Crashes to $1.50 Support Amid 15% Weekly Plunge – Breakout or Bust?
The post XRP’s Bullish Megaphone Crashes to $1.50 Support Amid 15% Weekly Plunge – Breakout or Bust? appeared on BitcoinEthereumNews.com.
The price of XRP has fallen by 15% weekly and is currently testing important support at 1.50. The megaphone pattern is being monitored by bulls, who fear a downside that may drive losses to $1.38. XRP is trading at $1.60, following a loss of up to 14.88 percent in the seven days. According to CoinMarketCap, the token has declined by 2.08 in the past 24 hours. Bears are heading prices to a critical support zone which will determine the next big step. This fall is a challenge to a bullish technical construct. Traders are observing $1.50. Any collapse would be problematic to XRP bulls. Critical $1.50 Level Determines Pattern Validity According to ChartNerdTA on X, the bullish megaphone has struck forecasted lows. To determine that wave 4 was complete, XRP will need to be at a 1.50. Without this supporting structure, everything would be absurd. 📣 $XRP‘s Bullish Megaphone structure has retraced to the exact lows we were waiting for. It must now hold the predicted $1.50 target range to validate wave 4 completion before the 5th and final expansion wave. Lose the support = Invalidation of structure. https://t.co/U5THbLpPdb pic.twitter.com/yeiwdtlqoC — 🇬🇧 ChartNerd 📊 (@ChartNerdTA) February 2, 2026 Source: ChartNerdTA Before wave 5 can grow, the pattern will need 1.50 to remain intact. A fall below it nullifies the bullish set-up. Then sellers would take control and force prices down. ChartNerdTA cautioned that the structure has its reckoning. Bulls require urgent support at present levels. Resistance and Support Zones Map Trading Range AliCharts on X revealed major price levels of XRP. The resistance stands at 1.86; the support areas are 1.38 and 1.02. For $XRP, resistance sits at $1.86, while support is at $1.38 and $1.02. pic.twitter.com/Ttg6TtFYfQ — Ali Charts (@alicharts) February 1, 2026 Source: Alicharts The price action at…
Filed under: News - @ February 3, 2026 2:28 am