XRP, long-term trendline defense failure risk... "Could fall to $0.9" warning

▲ XRP/ChatGPT generated image

XRP has reached a critical turning point that will determine its short-term direction, as it continues a precarious tightrope walk above its long-term uptrend line.

Virtual asset specialized media The Crypto Basic reported on May 2 (local time) that XRP is facing a make-or-break test at a key uptrend line that has supported its price for weeks. Analyst Batman diagnosed, "XRP is currently trading around $1.37 and is focused on defending its support line." This trendline is considered a key support line that has maintained XRP's technical structure by raising its lows in recent price movements.

Batman analyzed that this retest holds much greater significance than in the past. If XRP successfully rebounds strongly from the trendline, it is expected to rise primarily to the resistance zone of $1.45 to $1.50. However, if it fails to secure the support line, market leadership will shift to the bears, and there is a high possibility of a continuation pattern indicating a sharp drop in price below $1.20 being confirmed.

Other market experts are also watching the long-term surge potential despite short-term volatility. Analyst Ali Martinez presented the possibility of breaking $13 based on an ascending triangle pattern formed over several years. However, Martinez warned of a short-term downside risk, where the price could fall to $0.90 before a full-fledged rally, and pointed to $2 and $3.32 as key strongholds that must be overcome. This outlook remains valid even amid a general market weakness, including Bitcoin (BTC).

Analysts Egrag and Chartnerd presented even more aggressive price targets. Egrag set a target range of $9 to $13 through long-term channel analysis. In particular, Chartnerd diagnosed that a rare signal, a "Bull Switch," which has occurred only three times in 13 years, is currently appearing on the XRP chart. This indicator was detected immediately before major rallies in 2017, 2021, and 2025, and is interpreted as a precursor to double-digit price levels.

Currently, XRP is exploring price stabilization, having fallen approximately 60% from its 2025 peak of $3.65. Market participants are closely monitoring whether it will fall below $1 and are paying attention to future changes in trading volume. Although overall price weakness persists, experts agree that XRP's technical indicators are undergoing a massive energy accumulation process, preparing for the next price phase.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*