The XRP price is experiencing renewed downward pressure as market sentiment remains fragile. This week’s earnings reports from major retailers like Nvidia, Walmart, Target, and Home Depot, coupled with the delayed US economic data following the historic government shutdown, are weighing on risk appetite. Traders are closely monitoring the price action, particularly XRP, which finds itself in a precarious position. Could we see a drop to $0.65? 1 The current situation suggests it’s unlikely, but a closer look at recent market trends provides valuable insights. Understanding Market Dynamics Before Analyzing Technicals: 1. A Challenging Economic Landscape: The government shutdown disrupted economic data for an extended period, forcing investors to rely on estimates and delayed reports. With this week’s financial reports and the reopening of economic data, volatility is expected. 2. Industry-Specific Trends: Nvidia’s earnings release has a significant impact on risk appetite; retail giants are reporting their performance, offering insights into consumer strength; FOMC minutes may hint at future interest rate changes; and ongoing weakness in the housing sector and sentiment data further exacerbate market uncertainty. This volatile mix can affect XRP. 3. Technical Analysis: The daily charts show that XRP is experiencing a controlled downtrend, but not a freefall. Key support levels are under scrutiny. The mid-Bollinger Band, serving as resistance for nearly the entire month, has been repeatedly tested without success. A downward sloping lower band and repeated testing of the 2.20–2.00 support zone provide further evidence of selling pressure. 4. Volatility and Trend Direction: Heikin Ashi candles are losing body size, with a greater number of flat-bottomed reds suggesting potential continuation patterns. The current state of XRP is weak but not catastrophic. Is $0.65 Realistic? A significant drop to that level would require a confluence of negative events affecting risk assets. We’d need Bitcoin to break its macro higher-low structure, a broad altcoin capitulation, and potentially specific negative catalysts for XRP such as legal issues or liquidity concerns. These conditions are not present right now. Realistic Downside: Based on the current chart, the most likely path for price movement is a gradual decline towards lower support levels. This includes support zones between 2.20 and 1.75 before potentially reaching 1.00-0.85. A crash to $0.65 would require an unprecedented market event that goes beyond what’s currently visible on the chart. What Invalidates the Bearish Outlook? XRP needs a clear signal of strength, not just hints. A real reversal is only possible when: • It closes a daily candle above the mid-Bollinger band: This would indicate buyers are regaining control. • Two consecutive strong Heikin Ashi green candles: This hasn’t happened yet. • Reclaiming the blue moving-average zone: The price has repeatedly rejected this band, a reclaim would shift the short-term trend. The current structure suggests continued weakness in XRP. However, the market is not indicating the dramatic crash that some fear. XRP Price Prediction Update: Will XRP Prices Crash to $0.65? While the recent chart analysis points to further downside, a plunge to $0.65 remains unlikely unless the entire cryptocurrency market experiences a panic sell-off. The most likely scenario is a gradual decline in price towards lower support levels between 2.00 and 1.75 before potentially reaching the 1.00-0.85 zone as volatility intensifies. If conditions worsen after this week’s earnings reports and economic data becomes more readily available, those lower levels become even more likely. However, $0.65 remains a long-term target that is not imminent. The market dynamics at play require caution. While the price may continue to decline, it’s not a guarantee of a catastrophic collapse. 1. The information provided here is based on analysis of XRP prices and does not constitute financial advice. It is important to conduct thorough research before making any investment decisions.