XRP Price Correction Far From Over, Further Downside Expected
- Price Decline: XRP has dropped approximately 18% this week, while Ethereum fell 22%, indicating relative resilience; however, since 2026, XRP's price has plummeted from $3.65 to $1.10, marking a staggering 70% decline that reflects extreme market volatility.
- Market Warning Signals: Crypto analyst CrediBULL warns that the correction for XRP is far from over, as local lows have been breached, and while a relief bounce may occur, the ultimate bottom is likely to be lower, suggesting continued bearish sentiment in the market.
- Technical Analysis Findings: The 12-hour XRP/USDT chart indicates that the price has broken below the local range lows of $1.15-$1.20, currently trading around $1.10, which shows a persistent bearish market structure with multiple Fibonacci retracement levels already breached.
- Support Level Analysis: XRP's price is nearing the critical $1.0 support zone, which has remained intact since November 2024; a break below this level could lead to further declines towards $0.85, with CrediBULL's target zone at $0.50-$0.60, indicating a potential 45-55% additional drop risk.
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Technical Analysis for ETH
Technical Sentiment Analysis for Ethereum (ETH). As of , Ethereum (ETH) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 5 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for ETH stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, ETH is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Ethereum (ETH) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 999.108 | 1252.394 | 1540.018 | 1793.304 | 2080.928 | 2334.214 | 2621.838 |
| Fibonacci | 1252.394 | 1459.022 | 1586.676 | 1793.304 | 1999.932 | 2127.586 | 2334.214 |
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