$1.40 XRP Price Bombshell: Analyst Decodes Bearish Pattern That Spells Trouble! Is XRP Headed for Disaster?

Technical analyst Josh Olszewicz says XRP’s months-long trend may be nearing a critical point in time. Known online as CarpeNoctom, Olsewicz highlighted a defined XRP bearish pattern, issuing a warning that a breakdown could further push the downside action. The expert’s XRP analysis is built on a classic head and shoulders pattern, a formation known to signal major trend reversals. Olsewicz also posted a chart, revealing the pattern.

The head was represented by the higher-high in mid-January 2025, when XRP briefly surged to around $3.40. The shoulders were seen around the $3 region, with left shoulder referring to the mid-December 2024 peak and the right referring to the February-March 2025 price action. The neckline seems to be at $2 mark, a critical support since the past few months for the XRP Price.

id be shocked if this actually breaks higher pic.twitter.com/5mlTDiGsNR

— #333kByJuly2025 (@CarpeNoctom) March 30, 2025

Overlaying this pattern is the Ichimoku Cloud indicator. The Ichimoku indicator currently signals a bearish market outlook. XRP is currently trading below the $2.246 conversion line and the $2.452 baseline, which indicates a loss of upward momentum. Olsewicz has strongly stated that if the pattern conforms to a breakdown, “you’d be expecting $1.13 to $1.40”. This range represents the potential depth corroborated by the head and shoulders formation. 

‘XRP Could Redeem Itself With $2.85’

He further added, “There is no impossibility that this just rolls over the entirety of the move. Now that would be end-of-cycle stuff. That would be a bearish legacy, bearish everything, right? But that (the price drop) is in the cards here. You can’t say it’s not until we’re back above $2.85. 

With that, the analyst clearly defined $2.85 as the invalidation level for this XRP bearish pattern. It is worth noting that this level marks the last significant lower high before the price rolls off the right shoulder. If XRP can move above that level and sustain the trend, it would invalidate the head and shoulders prediction and suggest a strong continuation of the bullish cycle. For now, the bears seem to be outdoing the bulls. Let us quickly take a look at the latest XRP price action as well, and try to understand the patterns to form an XRP price prediction of our own.

XRP Price Analysis of Last 24 Hours: XRP Abandons Support, Approaches $2 Price

XRP started trading yesterday at $2.15. However, the EMAs interacted rapidly with each other on the MACD, and the price seemed to rise slightly before dipping to $2.12. The 00:55 golden cross pushed XRP up. By 03:25 UTC, XRP was trading at $2.21. However, the overbought RSI soon called a trend reversal, and XRP dipped to find support at $2.15. There was an upward attempt right after, but XRP faced stern rejection at the $2.20 resistance. A bearish triangle seemed to form, leading XRP to breach support. The coin eventually found a base of $2.117.

Chart 1- analyzed by raodevansh18, published on TradingView, March 31, 2025

The $2.17 mark rejected XRP in its ensuing uptrend. This failure led to rapid price fluctuations, following which XRP ventured low, breaching support again. XRP finally found a base at $2.07, with strong resistance at $2.11. Once again, XRP seemed to test the resistance once or twice before diving below the support level. XRP continued the same trend. As of press time, XRP was battling with the $2.07 resistance, with support at $2.02. 

XRP Price Prediction: Can XRP Reverse the Trend or Will It Test More Support Levels

The patterns seen in the XRP price action seem to be taking it on the path set out for it by Olszewicz. For now, it looks like it will not be possible for XRP to sustain buying pressure. So, the downtrend is here to stay. XRP, by the latter half of the day, will foray into the sub-$2 region, looking for a strong support level. The XRP bearish pattern is strong as of now, and will require a wave of bulls to be invalidated. 

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