{"id":211095,"date":"2025-06-24T18:47:10","date_gmt":"2025-06-24T18:47:10","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/211095\/"},"modified":"2025-06-24T18:47:10","modified_gmt":"2025-06-24T18:47:10","slug":"xrps-8-weekly-gain-faces-big-test-will-2-2-break-or-lead-to-sell-off","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/211095\/","title":{"rendered":"XRP&#8217;s 8% weekly gain faces big test &#8211; Will $2.2 break or lead to sell-off?"},"content":{"rendered":"<ul>\n<li style=\"font-weight: 400;\">Brandt warned that XRP could record a major retrace if it falls below $1.8.<\/li>\n<li style=\"font-weight: 400;\">Overall selling pressure has dropped 3x in late June and could boost bulls.\u00a0<\/li>\n<\/ul>\n<p><a href=\"https:\/\/ambcrypto.com\/category\/xrp-ripple-news\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">Ripple [XRP]<\/a>\u00a0has hit a pivotal level that could either mark a stronger rebound or a potential crash.\u00a0<\/p>\n<p>According to renowned analyst Peter Brandt, XRP\u2019s weekly chart was on the verge of forming a bearish reverse head and shoulders pattern. A dip below $1.8 could be a warning sign, Brandt <a href=\"https:\/\/x.com\/PeterLBrandt\/status\/1937106234722717852\" data-wpel-link=\"external\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">added<\/a>, saying,\u00a0<\/p>\n<blockquote>\n<p>\u201cTreat the Apr 7 overshoot as an out-of-line movement, and we have a possible H&amp;S top in $XRP\u201d<\/p>\n<\/blockquote>\n<p><a href=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/06\/XRP-Ripple.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-504822\" class=\"wp-image-504822 size-full\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"XRP Ripple\" width=\"1474\" height=\"781\" data-lazy- data-lazy- data-lazy-src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/06\/XRP-Ripple.png\"\/><\/a><\/p>\n<p id=\"caption-attachment-504822\" class=\"wp-caption-text\">Source: Peter Brandt\/X<\/p>\n<p>If Brandt\u2019s projection plays out, the potential bearish target would be as low as $0.05, over 77% crash. <\/p>\n<p>However, the altcoin was up 8% this week and traded at $2.1, meaning it was far from the $1.8 risk level flagged by Brandt.\u00a0<\/p>\n<p>\u201cWe believe XRP will double\u201d<\/p>\n<p>The above bearish prospect was contrary to Canary Capital\u2019s double growth forecast. In an April interview with Schwab Network, Canary\u2019s CEO, Steven McClurg, <a href=\"https:\/\/youtu.be\/VuHI_mNMU-U?si=1m7Uvx5xXYyyXatI&amp;t=238\" target=\"_blank\" rel=\"noopener nofollow external noreferrer\" data-wpel-link=\"external\">said<\/a>,<\/p>\n<blockquote>\n<p>\u201cThere\u2019s a few that we believe will outperform Bitcoin this year, such as XRP\u2026I think most of these will double\u201d<\/p>\n<\/blockquote>\n<p>For perspective, XRP outperformed <a href=\"https:\/\/ambcrypto.com\/predictions\/bitcoin-price-prediction\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">Bitcoin [BTC]<\/a> by over 400% in late last year. So, repeating a similar move against BTC won\u2019t be surprising.<\/p>\n<p> However, so far in 2025, XRP has lagged behind BTC, dropping over 40% against the king coin.\u00a0<\/p>\n<p><a href=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/06\/XRPBTC_2025-06-24_12-23-47.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-504826\" class=\"size-full wp-image-504826\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"XRP Ripple\" width=\"1950\" height=\"1110\" data-lazy- data-lazy- data-lazy-src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/06\/XRPBTC_2025-06-24_12-23-47.png\"\/><\/a><\/p>\n<p id=\"caption-attachment-504826\" class=\"wp-caption-text\">Source: XRP\/BTC, TradingView<\/p>\n<p>Still, price action won\u2019t have it easy. According to Glassnode\u2019s Cost Basis data, $2.2 marks the average acquisition price for nearly 2 billion XRP.<\/p>\n<p>If holders choose to break even here, resistance could build fast. The next supply-heavy zone lies between $2.3\u2013$2.4, where over 1 billion XRP were bought.<\/p>\n<p><a href=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/06\/glassnode-studio_xrp-cost-basis-distribution-heatmap-1.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-504828\" class=\"size-full wp-image-504828\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"XRP Ripple\" width=\"2560\" height=\"1440\" data-lazy- data-lazy- data-lazy-src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/06\/glassnode-studio_xrp-cost-basis-distribution-heatmap-1.png\"\/><\/a><\/p>\n<p id=\"caption-attachment-504828\" class=\"wp-caption-text\">Source: Glassnode<\/p>\n<p>Meanwhile, XRP traded at $2.19 at press time, but there was no sign of an overheated market or sell-off despite massive supply around the level.\u00a0<\/p>\n<p><strong>Profit-taking eased 3x. So, is selling pressure dead?<\/strong><\/p>\n<p>Here\u2019s the encouraging twist: despite the looming supply zones, profit-taking has eased dramatically. According to Glassnode, the rate of <a href=\"https:\/\/ambcrypto.com\/xrp-faces-major-sell-off-risk-as-whales-lock-in-profits-is-a-crash-coming\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">profit-taking<\/a> from XRP hit around $151 million per day in mid-June. <\/p>\n<p>However, the sell-off has eased to $47M this week, nearly a 3x decline in pressure. This suggested XRP\u2019s potential for extended recovery amid weak selling.\u00a0<\/p>\n<p><a href=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/06\/glassnode-studio_xrp-realized-profit.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-504829\" class=\"size-full wp-image-504829\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"XRP Ripple\" width=\"2560\" height=\"1440\" data-lazy- data-lazy- data-lazy-src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/06\/glassnode-studio_xrp-realized-profit.png\"\/><\/a><\/p>\n<p id=\"caption-attachment-504829\" class=\"wp-caption-text\">Source: Glassnode<\/p>\n<p>On one side: Brandt\u2019s warning of a steep drop if $1.8 fails. On the other hand, Canary\u2019s call for a breakout and potential double.<\/p>\n<p>But in the middle stands $2.2. Whether this level breaks or holds could decide which prediction plays out first.<\/p>\n<p>\t\t\t\t\t\t\t\t\t\t\tNext: <a href=\"https:\/\/ambcrypto.com\/solana-in-a-loop-why-sols-200-dream-remains-stuck\/\" rel=\"prev noopener\" data-wpel-link=\"internal\" target=\"_blank\">Solana in a loop? Why SOL\u2019s $200 dream remains stuck<\/a>\t\t\t\t\t\t\t\t\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"Brandt warned that XRP could record a major retrace if it falls below $1.8. Overall selling pressure has&hellip;\n","protected":false},"author":2,"featured_media":211096,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[52,51,16,15],"class_list":{"0":"post-211095","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-ambcrypto","9":"tag-business","10":"tag-uk","11":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114739835478123478","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/211095","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=211095"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/211095\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/211096"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=211095"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=211095"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=211095"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}