Crypto analyst CryptoInsight has indicated that the XRP price is on the verge 
of another crash, with a potential drop below the psychological $2 level. The 
analyst also revealed the level that the altcoin needs to reclaim to 
invalidate this bearish outlook. XRP Price Risks Crash To Another Low In an X 
post, CryptoInsight suggested that the XRP price could crash to a new low. 
This came as the analyst noted that on the lower time frame, the altcoin has 
made a higher low after bouncing from range lows. However, it has yet to make 
a higher high, which provides a bearish outlook. Related Reading: XRP Open 
Interest Reset Could Put Bulls Back In Control As Price Targets $3 The analyst 
further remarked that until the XRP price makes a higher high, there is likely 
to be more chop while questioning the possibility of another low revisit. He 
indicated that XRP will need to break the descending triangle and through the 
$2.30 level before a reversal can be on the cards. However, CryptoInsight is 
still bullish on the XRP price in the long term. He noted that the higher- 
time-frame structure is still well and truly intact. The analyst added that 
the altcoin is holding the yearly range lows as support, which is also the 
previous 7-year resistance. In line with this, he declared that it is 
inevitable that XRP records a new all-time high (ATH) in the near future based 
on liquidity alone. Meanwhile, the analyst remarked that he is uncertain 
whether the XRP price will wick out to the bottom first to regain momentum. 
Overall, he remains bullish on XRP. Crypto analyst CasiTrades had stated that 
XRP might need to record one last low before it reverses and rallies to new 
highs. She highlighted $1.80 and $1.64 as areas that XRP could bottom at. XRP 
Likely To Retest $2.04 With Two Likely Scenarios In her latest X post, 
CasiTrades stated that the XRP price is likely heading to retest the macro .5 
Fib at $2.04. She noted that this level has been the most important one in the 
entire correction. Based on this, she outlined two scenarios that could play 
out if the altcoin drops to that level. The analyst described the first 
scenario as the bullish new trend. Related Reading: Analyst Says This Needs To 
Happen For The XRP Price To Rally Again Under this scenario, if $2.04 holds as 
support, the XRP price could break above the $2.41 resistance and push toward 
$2.65, confirming a new bullish wave structure is forming. CasiTrades remarked 
that this potential move would strongly suggest that the macro low is already 
in, with the altcoin eyeing new highs between $7 and $10. Meanwhile, the 
second scenario is a bearish .618 support test. If the XRP price fails to hold 
$2.04, CasiTrades predicts that it would likely head toward $1.64, completing 
the full macro .618 retracement before launching into the macro Wave 3. At the 
time of writing, the XRP price is trading at around $2.08, down over 4% in the 
last 24 hours, according to data from CoinMarketCap. Featured image from 
Freepik, chart from Tradingview.com

XRP Price On The Verge Of Another Crash, But There’s Still Hope

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Cryptocurrency price in BRL