9
Mike McGlone, Bloomberg’s Senior Commodities Strategist who has predicted Bitcoin (BTC) would reach $10,000 and frequently warned investors, has now issued a warning for XRP.
Accordingly, Mike McGlone warned of the potential for the XRP price to fall below a critical support level.
This warning from the well-known figure comes amidst the ongoing correction wave dominating the overall cryptocurrency market. With this correction, XRP is entering a critical phase, trading near the $1.82 support level, making its price movements a focal point for investors and analysts.
At this point, with the correction trend in Bitcoin and altcoins that began in October continuing, McGlone predicted that sharper declines may be on the horizon for XRP.
Bloomberg analyst Mike McGlone stated that a retest of the $1.82 level is imminent, emphasizing that a sustained close below this level would invalidate bullish price predictions and could lead to further declines.
While this level is not a random one, the $1.82 level holds particular significance as it has served as reliable support since the November 2025 rally.
In a bearish scenario for XRP, the $1.82 support level is important, while conversely, a bounce above $2.06 could signal a short-term recovery towards $2.35-$2.50.
XRP is Preparing for a Big Rally!
In contrast, analyst CryptoBull, using a pseudonym, noted that XRP was consolidating around its previous all-time highs, stating, “The price pattern is replicating the previous bull run.”
CryptoBull stated that a longer accumulation period is needed for higher prices, predicting that the XRP price could consolidate around $2 for an extended period before experiencing a major upward breakout.
At this point, the analyst added, “The next wave of momentum will take XRP to $11, and the final wave will take it to $70.”
XRP is still trading at $1.89 at the time of writing.
*This is not investment advice.
cryptopolitan.com
newsbtc.com
cryptoslate.com