XRP Breaks $1.95 Support After 13 Months, Analyst Sees $0.90 Target

XRP has broken below a crucial support level of $1.95, a level that has held for over a year. Crypto analyst Guy on the Earth sees this as a bearish signal, particularly on the two-week chart. The analyst predicts a potential downside target of $0.90 based on this breakdown. He advises holders to reduce risk by selling if they are uncomfortable with the potential price drop. A recovery above $1.95 would invalidate the bearish outlook, offering a chance for re-entry. He also suggests incremental buying at lower levels, such as $1.61 and $1.42, if one believes in XRP’s long-term potential. While acknowledging a potential crash, he cautions against expecting an immediate, straight-line decline to the target. Another analyst disagreed with the significance of the two-week chart, but Guy emphasized its importance as high-timeframe support. Some users suggested the drop could set up a stronger push upwards later. Guy acknowledged the possibility but maintained the technical target of $0.90. He is currently leaning toward caution due to low liquidity conditions, especially during the holiday season. The price of XRP currently stands at $1.89 at the time of the article.