Saad Ullah
The crypto market rarely shows mercy, and XRP holders are learning this lesson the hard way. After riding high in its upward channel, XRP has crashed through key support levels, leaving investors scrambling to understand what went wrong. The token's sharp decline to $3.45 isn't just another dip—it's potentially the start of something much bigger.
What makes this selloff particularly concerning is how cleanly XRP broke through its technical support. When cryptocurrencies fall this decisively, it often signals that the real pain is just beginning.
XRP Price Under Pressure
Right now, XRP is fighting for its life at the 0.618 Fibonacci level around $3.45. This isn't just any random price point—it's a critical technical marker that often determines whether a correction turns into a full-blown crash.
Crypto trader @Steph_iscrypto isn't pulling any punches with his assessment. His analysis suggests we're looking at the opening act of a much larger bearish performance. The breakdown from the upward channel wasn't just bad luck—it was a clear signal that the bulls have lost control.
The scary part? Technical patterns like this don't usually resolve quickly. Once momentum shifts this dramatically, it tends to feed on itself as stop losses trigger and panic selling kicks in.
Key Fibonacci Levels in Focus
Here's where things get interesting from a technical standpoint. The Fibonacci retracements are painting a roadmap of potential support and resistance levels, though not all of them are pretty to look at.
On the upside, any bounce would need to reclaim $4.56, $5.67, and $6.36 to signal real strength. But here's the kicker—if XRP can't hold current levels, those same Fibonacci extensions point to much deeper targets at $9.27, $12.18, and even $15.10.
Those aren't typos. When major support breaks, the next meaningful levels can be surprisingly far away.
Saad Ullah
