The Worst Case Scenario for XRP Could Cause the Price to Drop to $0.30

XRP holders are finding themselves at a crossroads as recent market trends raise questions about the near future of the cryptocurrency. After a strong bullish phase, XRP has faced a tough period, with technical indicators suggesting the possibility of further fall. But what will happen next with the price of XRP and how low could it potentially drop? An analyst focusing on Moving Average Convergence Divergence (MACD) reveals that XRP has undergone what is called a "death cross" - a bearish indicator when the short-term moving average falls below the long-term moving average. This typically means the beginning of a downtrend, and the price of XRP has reacted accordingly, falling 37% since the signal, with the current decline at around 31%. This is not the first time XRP has faced such a critical moment. Back in February 2018, after a similar death cross, the price of XRP fell sharply by 90%, pulling the price down from over $3 to below $0.30.

In May 2021, this coin fell 53% after another bearish crossover, and by November of the same year, it had decreased by 76%. These patterns indicate that death crosses are not just fleeting signals—they often mark the beginning of prolonged bearish phases. So how does that affect XRP today? If history repeats itself, XRP could undergo another significant fall. A decrease of 53% from the current price would bring it down to around $1.40. If the downturn reflects the severity of the decline in 2021, we might see the price around $0.71. In the worst-case scenario, if XRP follows the trajectory of the crash in 2018, the price could drop below $0.30. However, not everything is pessimistic and gloomy. If XRP holds above important support levels like $2, it may prevent a deeper fall. But if that level is broken, the next support level could be much lower, potentially opening the door for the worst-case scenario. Many experts believe that XRP is nearing the bottom, supported by strong accumulation from whales and signs that the market may have overreacted to recent price fluctuations. The question remains: Will XRP recover like before, or is this the beginning of a deeper correction? The answer lies in how the market reacts in the coming weeks.