Will XRP Plunge to $1.6? Crypto Cringe Continues! 🚀💸

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Ah, XRP—our favorite underdog in the grand circus of cryptocurrencies—shows the kind of resilience you’d expect from a soggy napkin. While Bitcoin and Ethereum wobble like caffeinated ballerinas, Ripple‘s token is stuck in a melodramatic slump, teetering on the brink of yet another faux cataclysm.

Both the USDT and BTC duos—err, pairs—have decided to ditch support lines like bad habits, hinting that a further nosedive seems imminent unless the overall sentiment magically recovers from its perpetual hangover.

Technical Analysis—Because Who Doesn’t Love a Good Chart? 😉

By ShayanMarkets

The USDT Pair—The Cautionary Tale

Recently, XRP/USDT threw a tantrum, smashing below its rising wedge just after failing to defend the illustrious $2.80 fortress. The breakdown—accompanied by dramatic sell-offs—pushed the price towards a humble demand zone around $2, an area that mid-bullish hopes love to cling to.

If XRP can’t muster the energy to reclaim the hundred and two-hundred-day moving averages near $2.40, the bearish narrative remains our tragic opera. Currently nestling just beneath the wedge’s lower boundary, the asset displays no sign of bullish revival—only RSI whispering around 40, like a pessimistic poet murmuring “all is lost.” If sellers keep acting like it’s black Friday, we might see the cruel dance down to $1.60—an old haunt from the days when XRP was slightly less disreputable.

The BTC Pair—A Sad Tale of Broken Support

In the realm of Bitcoin pairing, XRP has sadly broken below the sacred 2,100 SAT support, like a defiant child tossed out of the sandbox. The falling wedge pattern, along with rejection from the 100- and 200-day averages at about 2,500 SAT, paints a picture of persistent seller dominance. RSI, ever the downer, dips below 40, confirming that bullish optimism is just a mirage in the desert of despair.

Amidst the wreckage, the next probable stop is around 1,900–1,700 SAT—the “fair value gap” of yore—where a last-ditch reaction might occur. Fail to support here, and XRP could be tumbling toward the tragic figure of 1,100 SAT, especially if Bitcoin’s ego continues to swell, leaving XRP in its shadow of neglect.

XRP USDT chart
XRP BTC chart

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2025-06-03 15:37