XRP could be approaching a new low for the year, according to market analyst Lingrid, who recently shared an updated outlook on the asset’s price trajectory. While she maintains a bearish stance in the short term, Lingrid also highlighted the exact price point that could invalidate this downward outlook and signal a potential rebound. Market Overview At the time of analysis, XRP was trading at approximately $2.44, marking a 14% decline for the month. The asset’s performance follows a brief recovery after the October 10 market-wide crash, which affected most major cryptocurrencies. Despite this rebound, XRP has struggled to establish a sustained uptrend, continuing to exhibit weakness relative to the broader digital asset market. Lingrid first presented her detailed outlook on October 18, when XRP hovered around $2.33. The token had shown minor intraday recovery at the time, but her technical review confirmed that XRP remained confined within a descending channel on the four-hour chart, a pattern that has persisted since late August. Bearish Continuation Toward $2.10 Lingrid’s chart identified a blue descending trendline cutting through the channel, effectively dividing it into two halves. This trendline has acted as a consistent resistance level, restricting any sustained move toward the channel’s upper boundary. In early October, XRP briefly broke above this internal resistance, climbing to $3.10 before meeting significant selling pressure. The resulting rejection pushed the price back within the channel’s confines. The decline intensified following the October 10 selloff, which forced XRP below $2.70. Attempts to recover, including a move toward $2.63 on October 13, were unsuccessful, as the token again failed to overcome the trendline resistance. Based on these repeated rejections, Lingrid stated that XRP continues to form lower highs and lower lows, a structure typically signaling an ongoing bearish phase. Should this pattern hold, she believes XRP could fall to around $2.10, marking the lower boundary of the descending channel. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Conditions for a Reversal Despite the prevailing downtrend, Lingrid outlined conditions that could invalidate her bearish projection. She indicated that a decisive break above $2.45 could trigger a trend reversal, with the potential for XRP to rise as high as $2.83 in the short term. More broadly, a close above the $2.50 level would signal renewed buying pressure and a shift toward bullish sentiment. The analyst also noted that external market factors could support a reversal. A potential pivot in Bitcoin’s market direction from bearish to bullish could lift XRP and other altcoins. Additionally, macroeconomic shifts could enhance liquidity conditions across the crypto market. Lingrid pointed to JPMorgan’s recent assessment that the U.S. Federal Reserve may soon conclude its quantitative tightening program, a move that could ease liquidity constraints and improve overall investor sentiment. Mixed Market Sentiment While Lingrid’s analysis emphasizes caution, other market observers remain more optimistic. Analyst EGRAG Crypto recently argued that XRP’s monthly chart still shows structural strength, with no confirmed breakdowns. Similarly, analyst Ali Martinez highlighted a buy signal from the TD Sequential indicator on the four-hour chart, suggesting a possible short-term rebound. For now, XRP’s next move will depend on whether it can hold above key technical levels and whether broader market dynamics turn more favorable. A break above $2.45 could offer the first sign that bullish momentum is returning to the asset. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Analyst Shares Updated XRP Price Outlook: Should XRP Holders Be Worried? appeared first on Times Tabloid .