While XRP has corrected alongside the rest of the crypto market, a crucial multi-year support trendline has emerged should steeper declines play out. XRP has droppedWhile XRP has corrected alongside the rest of the crypto market, a crucial multi-year support trendline has emerged should steeper declines play out. XRP has dropped

If XRP Falls, Here’s the Multi-Year Support Trendline to Watch Next

While XRP has corrected alongside the rest of the crypto market, a crucial multi-year support trendline has emerged should steeper declines play out.

XRP has dropped by more than 10% since its $2.19 high on Jan. 14, with the latest price decline, which pushed prices to $1.84 earlier this morning, leading to long liquidations worth over $29 million today. While XRP has since recovered to $1.97, the possibility of steeper declines is not completely out of the question.

However, should such declines play out, a critical multi-year support trendline has emerged on the 5-day XRP chart, which could act as the last line of defense. As a result, this trendline, which rests around the $1.4 price level, could be important to watch next in case of further price drop.

Key Points

  • XRP has struggled alongside the broader crypto market, down 18% from the $2.41 yearly peak, and 10% from the Jan. 14 high.
  • After a flash crash to $1.84 today, XRP has rebounded to $1.97, but is still nursing losses.
  • From here, XRP has the potential to recover back above the $2 mark to new yearly highs.
  • However, the possibility of steeper drops is not out of the question, as the broader market grapples with macro uncertainties.
  • If XRP does witness more declines from the current position, a multi-year ascending support trendline could provide the necessary cushion.

XRP Could Eye Rally to Sell Region

This critical support trendline was identified by market analyst CoinsKid on the 5-day XRP chart. In a recent market commentary, CoinsKid highlighted XRP’s current bearish situation, but suggested that a possible rebound from the recent lows could emerge.

However, CoinsKid believes such a rebound may push XRP toward what he identified as the 5-day ribbon, which would align with a red sell dot around the $2.5 level. Moreover, this $2.5 level also aligns with the resistance mark from a descending trendline, further indicating that XRP could face a roadblock in this area.

Support Trendline to Watch

If this plays out, CoinsKid already has his eyes set on a potential region that could act as a cushion and mark a new entry point. According to him, an ascending multi-year support trendline has demonstrated its strength against the bears since 2020.

Each time XRP dropped toward this trendline on the 5-day chart, the support cushioned further declines. According to the market analyst, he has been setting buy orders at this support trendline over the last six years with success.

However, if XRP falls from the red sell dot mentioned earlier, it would likely hit this support trendline around the $1.4 price mark, representing a further decline of about 29% from the current price. As a result, those looking to enter the market at this level would need to wait for steeper declines.

XRP 5D Chart CoinsKidXRP 5D Chart | CoinsKid

For context, the last time XRP dropped to this support trendline was in November 2024, when a Q4 2024 downtrend pushed prices toward the lower end of the $0.5 mark. CoinsKid marked this as a buy signal. Interestingly, what followed was a 580% surge to $3.4 by January 2025.

XRP Trading Below the CoinsKid Ribbon

Meanwhile, CoinsKid also drew attention to what he calls the “CoinsKid Ribbon,” which acts as an important pivot level for XRP. His wish is for XRP to push above this area, but this may not happen soon. According to him, XRP has dropped below the ribbon, seeing multiple closes below it since October 2025, which confirms a bearish momentum.

CoinsKid believes that if XRP suffers further declines, this would represent a third wave within a C wave that began after the drop from $3.66 in July 2025. Such declines would push toward the multi-year ascending trendline unless an invalidation occurs due to a sharp rebound.

Market Opportunity
XRP Logo
XRP Price(XRP)
$1.9932
$1.9932$1.9932
+0.59%
USD
XRP (XRP) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Gold Hits $3,700 as Sprott’s Wong Says Dollar’s Store-of-Value Crown May Slip

Gold Hits $3,700 as Sprott’s Wong Says Dollar’s Store-of-Value Crown May Slip

The post Gold Hits $3,700 as Sprott’s Wong Says Dollar’s Store-of-Value Crown May Slip appeared on BitcoinEthereumNews.com. Gold is strutting its way into record territory, smashing through $3,700 an ounce Wednesday morning, as Sprott Asset Management strategist Paul Wong says the yellow metal may finally snatch the dollar’s most coveted role: store of value. Wong Warns: Fiscal Dominance Puts U.S. Dollar on Notice, Gold on Top Gold prices eased slightly to $3,678.9 […] Source: https://news.bitcoin.com/gold-hits-3700-as-sprotts-wong-says-dollars-store-of-value-crown-may-slip/
Share
BitcoinEthereumNews2025/09/18 00:33
Nvidia Invests $5 Billion in Intel for Chip Development

Nvidia Invests $5 Billion in Intel for Chip Development

Detail: https://coincu.com/blockchain/nvidia-intel-chip-partnership/
Share
Coinstats2025/09/18 19:39
CME Group to Launch Solana and XRP Futures Options

CME Group to Launch Solana and XRP Futures Options

The post CME Group to Launch Solana and XRP Futures Options appeared on BitcoinEthereumNews.com. An announcement was made by CME Group, the largest derivatives exchanger worldwide, revealed that it would introduce options for Solana and XRP futures. It is the latest addition to CME crypto derivatives as institutions and retail investors increase their demand for Solana and XRP. CME Expands Crypto Offerings With Solana and XRP Options Launch According to a press release, the launch is scheduled for October 13, 2025, pending regulatory approval. The new products will allow traders to access options on Solana, Micro Solana, XRP, and Micro XRP futures. Expiries will be offered on business days on a monthly, and quarterly basis to provide more flexibility to market players. CME Group said the contracts are designed to meet demand from institutions, hedge funds, and active retail traders. According to Giovanni Vicioso, the launch reflects high liquidity in Solana and XRP futures. Vicioso is the Global Head of Cryptocurrency Products for the CME Group. He noted that the new contracts will provide additional tools for risk management and exposure strategies. Recently, CME XRP futures registered record open interest amid ETF approval optimism, reinforcing confidence in contract demand. Cumberland, one of the leading liquidity providers, welcomed the development and said it highlights the shift beyond Bitcoin and Ethereum. FalconX, another trading firm, added that rising digital asset treasuries are increasing the need for hedging tools on alternative tokens like Solana and XRP. High Record Trading Volumes Demand Solana and XRP Futures Solana futures and XRP continue to gain popularity since their launch earlier this year. According to CME official records, many have bought and sold more than 540,000 Solana futures contracts since March. A value that amounts to over $22 billion dollars. Solana contracts hit a record 9,000 contracts in August, worth $437 million. Open interest also set a record at 12,500 contracts.…
Share
BitcoinEthereumNews2025/09/18 01:39