XRP Could Resume Downturn to $0.50 Before Next Major Rally

An XRP pundit has warned that renewed downside pressure could push the token back to levels last seen in November 2024

Following the February 5 market downturn, analysts now suggest that XRP may be preparing for another wave of selling that could drive the price toward $0.50. However, they also argue that a retest of this level could ultimately set the stage for the next major rally.

Key Points

• An XRP pundit warns that renewed selling pressure could drive the token back to November 2024 price levels.
• The analysis suggests a potential near-term decline toward $0.50.
• The outlook aligns with broader market caution from Cardano founder Charles Hoskinson, who expects further downside across crypto in the coming months.
• Despite the warning, the pundit remains long-term bullish and anticipates a recovery following a dip to $0.50

XRP Loses Key Technical Support and Faces Major Resistance

Nevertheless, he remains long-term bullish, emphasizing that markets move in cycles and that sharp corrections often precede renewed upside momentum. Meanwhile, he revealed that his XRP coins are deployed into a regulated DeFi protocol to earn yield amid the downturn.

Drawing on lessons from the 2021 market cycle, Echo warned strongly against borrowing against volatile crypto assets and stressed the importance of disciplined risk management. In the meantime, he urged investors to use downturns as opportunities to study, build, and strengthen their long-term convictions.

$0.50 More Likely Than Not

At the time of his remarks, XRP had already fallen more than 13% to $1.35. Soon after, selling pressure intensified, pushing the token further down to $1.13

Against this backdrop, Echo Da Truth noted that XRP could break below $1 and extend losses toward $0.50, a level last seen on Election Day in November 2024. However, he stressed that such a decline would not signal the end for XRP, as deep pullbacks often lay the groundwork for the next major rally

Has the Crypto Dip Ended?

Reacting to his outlook, many community members said they were patiently waiting for what they described as a potential flash sale

Meanwhile, XRP rebounded sharply, surging to $1.53 and now hovering near $1.50, in line with the broader market recovery. Nevertheless, some analysts remain cautious

Cardano founder Charles Hoskinson recently warned that the coming weeks and months could bring more downside, citing ongoing pressure as crypto assets challenge the traditional financial system. He added that resistance from legacy players is expected, particularly as the industry pushes to revolutionize the global financial sector