XRP price had begun crashing after hitting a cycle peak of $3.6 back in July 2025. Since then, the digital asset’s price has crashed by more than 50%, naturally leading to a rapid decline in investor participation. However, this has not completely eradicated the bullish sentiment surrounding the coin. Despite losing support at $1.5 and the crash continuing to deepen, a crypto analyst, known as Crypto Luke on the X (formerly Twitter) platform, does not believe that the price will eventually move below $1.
Why XRP Price Might Not Drop Below $1
In the post that was shared on X, Crypto Luke explained why they are still bullish on the XRP price and gave reasons why it is unlikely that the altcoin will crash below $1. The first of these is the fact that the XRP price had formed a broadening wedge pattern and continued to defend it.
Usually, such a defense of the broadening wedge pattern means that there is a lot of demand in the market. Thus, the bulls are able to keep the price above major support levels, and this could help sustain whatever rally that the digital asset is staging.
Another reason the crypto analyst gave is the fact that the XRP Stochastic is continuing to turn toward the bullish side. Also, the RSI remains “solid”, meaning that it is unlikely that the price would move downward. Rather, it’s likely to move upward.
Instead of the price crashing, the crypto analyst says it feels like something is shifting. This could be explained by the recent price recovery, driven by the Bitcoin and Ethereum prices moving upward again. Given the recent strength, the analyst says that XRP doesn’t look like a chart that’s ready to fall apart.
Pointing out some major bullish catalysts, the crypto analyst says liquidity is starting to move back into XRP. This could also explain its recent uptick, as liquidity is the lifeblood of any uptrend. As a result, the analyst believes it’s better to buy XRP instead of selling at these levels.
On its part, the XRP optics are beginning to shift toward bullish, especially with the buying going on. The XRP ETFs have already seen more inflows than outflows this month, suggesting that institutions are now choosing to buy instead of sell. “I’m not saying it goes crazy tomorrow… but I’d rather be here stacking than chasing it later,” the crypto analyst said.
Featured image from Dall.E, chart from TradingView.com
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