XRP Risks 50% Drop as Overbought Signal Flashes Again

XRP Risks 50% Drop as Overbought Signal Flashes Again
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XRP Risks 50% Drop as Overbought Signal Flashes Again
Image source: CoinToday
- XRP has experienced repeated price drops in 2025 following overbought RSI signals. - Predictions point to potential declines of 50%, but bullish scenarios suggest possible gains up to $27. According to Cointelegraph on July 5, 2025, XRP’s technical signals indicate potential downside risk, as its daily Stochastic RSI has remained in overbought territory since June 28. In 2025, such overbought signals have historically preceded significant price declines. On average, XRP's price has dropped by 25% following these signals, with individual declines ranging from 12% to 45%. The report on July 5 also highlighted bearish patterns, such as a descending triangle formation that suggests a possible price decline toward $1.14, a 50% drop from its current level. Furthermore, the report cited one market analyst who projected an even steeper fall to $0.60, based on a multi-year ascending triangle pattern and a significant "Fair Value Gap" from XRP’s rally to $3.40 earlier in the year. However, in contrast to these bearish forecasts, the report also noted that some analysts maintain bullish projections. They point to a symmetrical triangle setup that could lead to a breakout toward $3.70 by September. Other bullish factors cited include the accumulation of the token by large holders and price support around key Fibonacci retracement levels, suggesting XRP’s price could reach new highs with targets ranging from $8 to $27. These competing viewpoints highlight the uncertainty surrounding XRP's near-term trajectory. According to CoinMarketCap, XRP (XRP) was trading at $2.225 as of 16:15 UTC on July 5, representing a 0.738% gain in the last 24 hours.
Article Info
Category
Market
Published
2025-07-05 16:20
NFT ID
PENDING
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