How low can XRP price go after falling under $2?

XRP is experiencing significant downward pressure after dropping below $2, with current trading at approximately $1.93. A megaphone pattern on the weekly chart indicates a potential decline to around $0.88, representing a significant 55% drop. This technical formation suggests that as the price forms successive higher highs and lower lows, breaking below the lower trend line at approximately $1.80 could trigger this sharp drop. Key support levels to watch include the 100-week SMA at $1.60 and the 200-week SMA at $1.05. Following a peak RSI of 91 in December 2024, the indicator has fallen to 39, marking increased bearish momentum. XRP is also facing heightened sell-offs with realized losses climbing to around $75M per day, reflecting investor anxiety. This trend mirrors historical downturns in 2018 and 2021, raising concerns over further corrections in the coming weeks. With selling pressure mounting and a lack of on-chain demand, the altcoin's recovery appears increasingly uncertain.

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