XRP Mirrors 2022 Breakdown Patterns: Will History Repeat Below $1?

XRP's price has dropped nearly 10% recently due to macroeconomic pressures, leading to concerns that history might repeat the 2022 breakdown, potentially pushing the price below $1. Three historical parallels are cited: first, newer investors are accumulating below the cost basis of longer-term holders, creating stress for those who bought near highs, similar to February 2022. Second, the falling price coupled with declining volume suggests a lack of conviction and no significant dip-buying interest, mirroring the lead-up to the 2022 sell-off. Third, the MACD histogram structure matches the 2021-2022 cycle, suggesting a potential 45% fall if the $1.8-$1.9 support zone breaks. Conversely, some analysts see potential for a rally if XRP reclaims the 100-day EMA above $2.24, forming a bullish inverse head-and-shoulders pattern, or based on CME gap filling suggesting a decoupling move.

(Source：BeInCrypto)