THIS IS WHAT XRP MUST DO TO AVOID 74% CRASH TO $1:
To avoid a drastic 74% crash to $1, XRP must close above $4 on a weekly chart with strong confirmation when it faces the "Fork C" resistance level at $3.9. This crucial breakout needs to happen before March 10, 2025, to prevent a potential price drop .
Historically, XRP has struggled with the "Fork C" level, experiencing significant corrections upon hitting resistance levels along this area. In the past, sharp drops occurred in December 2015 (-89.59%), May 2017 (-68.97%), September 2018 (-64.35%), and April 2021 (-73.39%), with an average decline of 74% .
Key Factors Influencing XRP's Price:
Bitcoin's Weakness: XRP's price is heavily correlated with Bitcoin's, so a decline in BTC can lead to a drop in XRP.
Declining Network Activity: A drop in daily active addresses and network growth indicates waning investor interest.
High Unrealized Profits: Long-term holders' massive unrealized gains could trigger a selling pressure if they decide to book profits.
Whale Selloffs: Large-scale selling by whales can add to the downward pressure .
If XRP successfully breaks through the "Fork C" resistance level, it could surge to $13-$15, according to analyst EGRAG Crypto. However, achieving this milestone won't be easy, as market makers often create hurdles that complicate upward movements .$XRP