According to a technical analysis on the TradingView platform, XRP’s price structure is testing critical technical formation zones, and a breakdown could follow.
The weekly candlestick timeframe chart below highlights historical accumulation zones around $1.708, $1.4248, and $0.9329, which may serve as staging points for a rebound, but only if sellers do not overpower buyers at these levels.
Even so, fundamentals do not always shield a token from corrective moves, especially in a high-volatility environment like crypto. If any technical breakdowns were to occur, they can override positive sentiment in the short term, and XRP has the possibility of crashing as low as $0.93. At the time of writing, XRP is trading at $2.18.
