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XRP Price Risks 19% Crash Amid Inverted Cup and Handle Pattern - Is $1.71 Next?
XRP price risks a 19% crash after creating a bearish inverted cup and handle pattern. As of June 5, 2025, if XRP loses critical support, the price may crash below $2 and revisit $1.71. Despite the bearish technical structure, social dominance shows a sentiment divergence and growing hype.
XRP has shed more than 2% of its value in 24 hours to trade at $2.18 at press time. The daily trading volumes are also down by 17% to below $2 billion per CoinMarketCap data.
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XRP Price Risks Crash Amid Inverted Cup and Handle
An inverted cup and handle pattern has emerged in the daily price chart, suggesting that XRP could face further decline. This pattern is depicted by the rounding top pattern and the ascending parallel channel.
At press time, the token price had dropped below the lower ascending trendline, indicating that the attempt to rally after the recent dip had faced resistance. If Ripple continues its decline below this channel, it may fall below the support level of $2.13.
The target for XRP price within this bearish pattern is equivalent to the depth of the cup. If the price falls below the $2.13 support level, Ripple may record a 19% crash to $1.71. A drop to $1.71 will push XRP to a multi-month support level that it has defended since November 2024.
The RSI does not show any bullish optimism as the indicator is dropping and creating lower lows, a sign that the bearish momentum is gaining strength. With a value of 43, the RSI shows that bears are fully in control.
The MACD line also confirms the bearish technical structure after crossing below the zero line into the negative region. This suggests that the second-largest altcoin may continue facing dips.
XRP/USDT: 1-day ChartThe above outlook aligns with a recent CoinGape analyst who observed that while XRP price formed a buy signal earlier this week, the recovery would be short-lived and a decline to the $2.13 support level was likely to occur.
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Social Dominance Shows a Sentiment Divergence
Despite the ongoing decline in the price of XRP and the bearish technical outlook depicted by the inverted cup and handle pattern, the recent development in the Ripple vs. SEC lawsuit appears to be sparking retail hype. Data from Santiment shows that XRP’s social dominance has surged past 3% for the first time in more than two weeks.
XRP Social DominanceThe other factor behind the surge in social sentiment is the surging odds of spot XRP ETF approval, with the metric recently hitting an all-time high of 92% on Polymarket. The surge shows that the market is growing optimistic that the product could be approved soon.
To sum up, XRP price has formed an inverted cup and handle pattern that signals that a 19% crash to $1.71 is looming. However, social dominance has crossed above 3% for the first time in two weeks, indicating a sentiment divergence.
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Frequently Asked Questions (FAQs)
XRP price can crash 19% after forming an inverted cup and handle pattern. This pattern usually signals a continuation of bearish trends.
The most crucial support level lies at $2.13. If XRP drops below this support, it will validate the bearish inverted cup and handle pattern and cause a dip to $1.71.
The surging social dominance shows that retail hype towards XRP is rising, and this may aid an upward recovery.
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