XRP, at risk of failing to defend long-term trendline...Warning: "It could go down to $0.9"

▲ XRP/ChatGPT generated image

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

Crypto-specialized media The Crypto Basic reported on May 2 (local time) that XRP is facing a do-or-die 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 level." This trendline is considered a key support level 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 succeeds in bouncing strongly off the trendline, it is expected to initially rise to resistance levels between $1.45 and $1.50. However, if it fails to secure the support, market dominance will shift to the bears, and there is a high probability of a bearish continuation pattern, with the price plummeting below $1.20.

Other market experts are also keeping an eye on the possibility of a long-term surge despite short-term volatility. Analyst Ali Martinez presented the possibility of breaking through $13 based on an ascending triangle pattern formed over several years. However, Martinez warned of a short-term downside risk, stating that it could fall to $0.90 before a full-fledged rally, and identified $2 and $3.32 as key hurdles that must be overcome. This outlook remains valid even amidst the overall market weakness, including Bitcoin (BTC).

Analysts Egrag and Chartnerd presented more aggressive price targets. Egrag set a target range of $9 to $13 through long-term channel analysis. Notably, Chartnerd diagnosed that a rare signal, the 'Bull Switch,' which has occurred only three times in 13 years, has now appeared on the XRP chart. This indicator was detected just 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 after falling approximately 60% from its 2025 peak of $3.65. Market participants are closely watching for a potential drop below $1 and paying attention to future changes in trading volume. Although overall price weakness persists, experts unanimously agree that XRP's technical indicators are undergoing a massive energy accumulation process, preparing for the next price phase.

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