The post XRP Price 35% Crash Still in Play? Bears Have Eyes on $1.20 appeared first on Coinpedia Fintech News
In this ongoing market crash, XRP, Ripple Labs’ native token, is poised for a massive price decline despite its recent price recovery. Today, March 7, 2025, the overall crypto market has witnessed a significant downward rally, but it now appears to be recovering. However, some see this as a potential pullback before an upcoming price crash.
XRP Technical Analysis and Upcoming Level
According to expert technical analysis, XRP appears to be continuing its downward momentum. The daily chart reveals that XRP is currently retesting its recent breakdown of the key support level at $1.95.
Source: Trading View
In addition to the support breakdown, XRP has also breached the neckline of a bearish head and shoulders price action pattern and has closed a daily candle below the 200 Exponential Moving Average (EMA). This is the first time XRP has fallen below its 200 EMA, wh
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