XRP may fall below $1 again after showing a bearish signal that previously led to a 30% price drop, according to crypto analyst ChartNerd.
In a post on X, ChartNerd said XRP formed a daily 20/50 EMA death cross on October 19. This occurs when the 20-day exponential moving average (EMA) falls below the 50-day EMA, signaling weakening price momentum.
The analyst noted that XRP has struggled to recover above both moving averages, raising concerns about another potential price decline.
XRP Could Drop Below $1 Again
ChartNerd compared the current signal with a similar one observed between May and August, when XRP fell from around $1.40 to below $1.00, marking a drop of roughly 30%. The price later rebounded to $1.70 in August and $1.60 in September following a 20% dip.
Now that XRP has formed another death cross and remains below both moving averages, the analyst warns that the price could fall toward or even below $1 if history repeats itself. XRP is currently trading at $1.30, down 15% over the past month.
XRP’s Next Move Depends on Breaking Above Key Levels
XRP’s next move depends on whether it can rise above its short-term moving averages. If it succeeds, the price could recover. However, if it continues to struggle, XRP may fall further.
The previous 30% drop illustrates what happened the last time XRP formed this bearish signal, but it does not guarantee that the same scenario will play out again.
XRP Flashes a Buy Signal
Interestingly, XRP has flashed a buy signal on its three-day chart, according to crypto analyst Ali Martinez, raising hopes of a potential price rebound.
In a post on X, Martinez said the TD Sequential indicator had signaled a possible buying opportunity for XRP. The TD Sequential is a technical indicator that traders use to identify potential trend reversals. He noted that the last three similar signals were followed by price rebounds of 31%, 24%, and 18%, respectively.
However, XRP’s next move depends on what happens around the $1.25 level. Martinez said that if XRP stays above $1.25, it could recover toward $1.40.
XRP FLASHES BUY SIGNAL
The TD Sequential has flashed a buy signal on the $XRP 3-day chart. The last three similar signals triggered rebounds of 31%, 24%, and 18%.
That makes the latest signal worth paying attention to. But everything depends on $1.25.
Hold it, and XRP could… https://t.co/lbpEjlPaWJ pic.twitter.com/fxVx9zzqof
— Ali Charts (@alicharts) October 27, 2026
Losing $1.25 Could Send XRP to $0.98
On the other hand, if XRP falls below $1.25, its price could drop toward $0.98, Martinez warned. He added that the risk could increase if large XRP holders, often called whales, continue selling to take profits.
Notably, XRP dipped to $0.98 in August but surged 70% days later. However, that rally eventually lost momentum, and the price is now at $1.30, amid renewed fears of a fall below $1.
For now, traders will be watching to see whether XRP can hold the $1.25 level, which was already tested over the weekend. The price has yet to fully recover from that test.