XRP Bubble Burst? This Pattern Shows Price Likely to Drop to $1.1

XRP still maintains stability in 2025 despite the uncertain market conditions as some large-cap assets plummet. However, this altcoin did not absorb much price pressure affecting the market in the past week. According to data from CoinGecko, the price of XRP has dropped nearly 16% in the past seven days. A well-known cryptocurrency analyst on the social media platform X revealed that the misfortunes of this altcoin may be about to begin. This is why XRP is at risk of falling 50% In a post on March 1 on X, cryptocurrency expert Ali Martinez made an interesting prediction about the price of XRP, saying that the fourth largest cryptocurrency is at risk of significant downward pressure in the near future. Martinez believes that the value of XRP could drop by nearly half in the coming weeks. This price decrease forecast revolves around the formation of a head and shoulders pattern on the XRP chart in the 12-hour timeframe. The head and shoulders pattern is a technical analysis pattern characterized by three distinct peaks, including a higher “head” between two lower “shoulders”. This chart signals the potential reversal of a trend; often the shift from an uptrend to a downtrend. This reversal can be confirmed when the price of the asset breaks below the neckline, which is the trendline connecting the swing lows between peaks (swing low).

As shown in the chart above, the XRP price recently found support at the neckline around the $2 area before bouncing back to $2.2. The XRP price seems to be forming a U-turn to return to the neckline. If this altcoin turns back, successfully breaks and closes below the neckline, investors may see a shift to a downward trend. In head and shoulders pattern, the price target is calculated by subtracting the height of the model (straight distance between the head and the neckline) from the breakout point. Based on this strategy, the price of XRP could target the $1.1 level (a decrease of about 50% from the current price level) if it breaks below $2. However, it is worth noting that a strong 12-hour candle closing above the $2.8 level would invalidate the current bearish outlook for XRP price. Finally, if the XRP token regains $0.8, it could continue its upward momentum and reach new highs in this cycle. XRP Price Overview As of writing this article, the price of XRP is around $2.17, up 1% in the past 24 hours.