XRP Price Targets: Analyst Who Called $2 Crash Predicts $0.10 Bottom

The cryptocurrency market is bracing for potential further downside in XRP after renowned analyst Joao, who accurately predicted the recent crash below $2, outlined several bearish scenarios that could see the digital asset plummet to new lows. This latest analysis comes as XRP recently experienced a 20% crash to $1.65, suggesting more volatility ahead.

Multiple Scenarios Point to Deeper XRP Correction

According to Joao’s detailed TradingView analysis, XRP could enter a long-term distribution phase extending into late 2025. The analyst has mapped out two potential trajectories:

• Scheme 1: Initial drop to $0.10 followed by a bounce to $0.40
• Scheme 2: Potential spike between $5-$6.80 before a major correction

Technical Indicators Signal Warning Signs

Multiple analysts have corroborated the bearish outlook:

• John: Projects a retracement to $0.3827 based on Fibonacci levels
• Egrag Crypto: Identifies a 70% chance of downside breakout to $0.65
• CasiTrades: Notes $1.90 as major resistance with support at $1.55

Potential Bullish Case Remains

Despite the bearish signals, CasiTrades suggests that if XRP finds support at $1.55, it could trigger a Wave 3 rally targeting $8-$13. This aligns with Standard Chartered’s recent bullish long-term prediction for XRP.

FAQ Section

What caused the recent XRP price crash?

The crash was triggered by broader market volatility and technical selling pressure at the $2 resistance level.

When could XRP reach its bottom?

According to analyst projections, the bottom could form between $0.10-$0.65 depending on market conditions and Bitcoin’s performance.

What are the key support levels to watch?

Current critical support levels are $1.55 (golden ratio), $0.65 (technical support), and $0.38 (Fibonacci level).

At time of writing, XRP trades at $1.80, showing a 10% recovery in the last 24 hours.