XRP To $0.70 Next? The Case For Another 40% Crash
Friday’s selloff pushed XRP deeper into the red, completing a 22% retrace over the past 30 days and sending the token below $1.10 for the first time since November 2024. For many, this move immediately raises the most important question in the current climate: could the altcoin reach the $1 mark again soon, or is a fall below this level now on the cards? Could XRP Drop 40% Toward $0.70? In a new report, market expert Sam Daodu flags that the broader technical picture is now fully bearish across multiple timeframes. He notes that XRP is trading below its 20, 50, 100, and 200-day moving averages (MAs), a configuration that typically signals sellers remain in control no matter what chart window investors look at. The expert said there is not much support once XRP trades at $1.09. Around $1.05, buyers have tended to show interest, and then $1 is the next major psychological floor where demand often appears simply because it is a round number. Related Reading: Hyperliquid Strategies Stays