A crypto strategist who accurately predicted the corrections of Bitcoin (BTC) and Solana (SOL) this year says that the XRP price is next in line to experience a significant drop.
Well-known trader on XRP price
The pseudonymous analyst Bluntz tells his 318,000 followers on the social media platform X that the XRP/BTC trading pair shows a bearish divergence on the weekly chart. Traders pay close attention to bearish divergences because they indicate that a token is losing bullish momentum and may be entering a downward trend.
Bluntz also notes that XRP currently appears to be in an ABC correction against the US dollar. “It looks more and more like this was the complacency shoulder B wave for XRP, in my opinion. If BTC and SOL have taught me anything in the past month, it’s to not ignore the weekly bearish divergences.”
Bluntz uses the Elliott Wave theory, which states that an asset usually undergoes an ABC correction after completing a five-wave rally. The trader’s chart shows that he expects XRP to fall to around $1 to complete the ABC correction.
looks increasingly like that was a complacency shoulder B wave on $XRP imo.
if btc and sol taught me anything the last month, do not fade the weekly bear divs. pic.twitter.com/cAlcsIuOVR
— Bluntz (@Bluntz_Capital) March 4, 2025
In January, when BTC was trading above $100,000, Bluntz indicated that Bitcoin had probably completed a five-wave rally and that the market had peaked. He later updated his outlook and pointed to a bearish divergence on the monthly timeline.
Last month he also warned of weakness in SOL after the currency lost the $220 mark and showed a bearish divergence on the bi-weekly chart.
XRP, the latest developments
In recent months, XRP, Ripple’s cryptocurrency, has experienced a remarkable rise in price. In November 2024, the price rose by almost 300% to a peak of $2.90. This increase was supported by the launch of Ripple’s stablecoin RLUSD, which increased the demand for XRP.
In January 2025, XRP reached a new record of $3.40, which represents an increase of more than 400% in three months. This growth can be attributed to institutional investors accumulating large quantities of XRP. In addition, the election of President Donald Trump sparked optimism in the market due to his pro-crypto stance and the appointment of crypto-friendly officials.
However, in early February 2025, XRP underwent a correction and the price dropped to $1.71, which amounted to a halving compared to the peak a month earlier. This decline was caused by the breaking of an important trend line, which indicated a possible further correction.
XRP is currently recovering and is trading around $2.58. The market remains volatile and price movements are influenced by factors such as institutional adoption, regulatory developments and broader market trends.
