{"id":30576,"date":"2025-05-07T05:08:16","date_gmt":"2025-05-07T05:08:16","guid":{"rendered":"https:\/\/www.bitrabo.com\/discover\/?p=30576"},"modified":"2025-05-07T05:08:16","modified_gmt":"2025-05-07T05:08:16","slug":"xrp-price-may-plunge-to-1-7757-if-bearish-trend-persists","status":"publish","type":"post","link":"https:\/\/www.bitrabo.com\/discover\/xrp-price-may-plunge-to-1-7757-if-bearish-trend-persists\/","title":{"rendered":"XRP Price May Plunge to $1.7757 If Bearish Trend Persists"},"content":{"rendered":"\n

In the last 24 hours, the price of XRP dipped towards $2, with the potential to drop further. This ongoing decline follows a few days of gradual loss, forming a notable technical pattern on the 4-hour chart. The downturn comes after a rapid increase in late April, yet buyers seem to be weakening.<\/p>\n

A crypto analyst on TradingView suggests that XRP might soon signal a drop to $1.7757.<\/p>\n

<\/span>Head And Shoulders Pattern Indicates Price Decline<\/span><\/h2>\n

Technical analyst KlejdiCuni identified<\/a> a clear head and shoulders pattern on the XRP\/USDT 4-hour chart. Analysts consider this formation a bearish indicator, especially following a strong uptrend, as seen recently. The left shoulder developed during XRP’s brief rise to $2.19 in late April, followed by a peak of $2.35 that established the head. Finally, a lower high formed the right shoulder.<\/p>\n

At the time of KlejdiCuni’s analysis, the neckline of this pattern was between $2.13 and $2.14, acting as a critical support level that determines the pattern’s validity. A significant drop below this neckline, especially with high volume, would strongly indicate a continued decline.<\/p>\n

<\/span>Projected Downside Targets with $1.7757 as the Main Target<\/span><\/h2>\n

If XRP confirms the head and shoulders breakdown by decisively dropping below the neckline support near $2.13, it would lead to a series of bearish targets. According to KlejdiCuni’s analysis, the first significant level to watch is $2.0417, corresponding to a horizontal support zone where buyers previously stepped in between April 16 and 22.<\/p>\n

The next important target is $1.9323, which corresponds with the swing low from April 10 and may draw some short-term buying. However, if the downward momentum continues and XRP doesn’t find substantial demand, the ultimate downside target could reach $1.7757, representing the full projected move derived from the head’s height down to the base of the recent uptrend in April.<\/p>\n

<\/p>\n

Currently, XRP is trading at $2.09, a decrease of 4% and 8.31% over the last 24 hours and the past week, respectively. This positions the cryptocurrency near the first critical level of $2.0417.<\/p>\n

The next major target is $1.9323, situated just below the $2 psychological mark and may initiate some short-term buying pressure to avert further declines. Nonetheless, if the negative momentum persists and XRP can’t establish significant buying interest in this area, the primary downside level of $1.7757 emerges, reflecting the complete projected move from the peak of the head formation and corresponding with the base of the April rally.<\/p>\n

\"XRP\"<\/p>\n","protected":false},"excerpt":{"rendered":"

In the last 24 hours, the price of XRP dipped towards $2, with the potential to drop further. This ongoing decline follows a few days of gradual loss, forming a notable technical pattern on the 4-hour chart. The downturn comes after a rapid increase in late April, yet buyers seem to be weakening. A crypto […]<\/p>\n","protected":false},"author":14,"featured_media":30577,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"slim_seo":{"title":"XRP Price May Plunge to $1.7757 If Bearish Trend Persists - Bitrabo","description":"In the last 24 hours, the price of XRP dipped towards $2, with the potential to drop further. This ongoing decline follows a few days of gradual loss, forming a"},"footnotes":""},"categories":[316],"tags":[1467,2676,979,1403,467,517],"class_list":["post-30576","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-bearish","tag-confirms","tag-crash","tag-pattern","tag-price","tag-xrp"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/30576","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/comments?post=30576"}],"version-history":[{"count":0,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/30576\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media\/30577"}],"wp:attachment":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media?parent=30576"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/categories?post=30576"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/tags?post=30576"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}