Glyde co-founder Sweep expects XRP to extend its recent decline after the token broke below a key support range. “XRP looks like it's going to new cycle lows,” Sweep said in his latest market commentary.
His prediction follows XRP's failure to hold the USD 1.24 to USD 1.25 range. Buyers had repeatedly defended that level since August, but the latest selloff pushed prices below it.
The daily chart shows how the weakness developed. XRP climbed toward USD 1.55 in August before losing momentum. It later reached close to USD 1.67, although buyers failed to maintain that recovery. Another rally stopped near USD 1.40, leaving XRP with a lower peak before its November decline.
The price movements resemble a head-and-shoulders pattern, which can signal further losses when support breaks. Sweep's chart places the next major downside target between USD 0.90 and USD 0.92. A fall from USD 1.06 to USD 0.90 would erase another 15% of XRP's value. However, that scenario depends on whether buyers can defend the remaining support levels.
