XRP Price Drop Expected as Analyst Warns of Significant Move Down

The cryptocurrency market has been waiting for an altseason, but the price of XRP remains under pressure. According to recent analysis, the altcoin's price action is still weak, with technical indicators pointing towards further downside.

The analyst highlights a pattern where relief rallies consistently stall near the 0.382 Fibonacci retracement level, indicating ongoing seller dominance. This has led to bearish sentiment, increasing the likelihood of a continuation lower.

As a result, the analyst expects a significant move down for XRP, with potential targets placing the price near $1.09 and possible intraday extensions toward $1.06. A drop to this range would represent a significant correction and could test investor confidence.