Mango Research said XRP may fall to $0.80 first and seek to exceed $1.62

XRP is facing downward pressure, with technical analysis suggesting it may fall to US$0.91 or even US$0.80.

Technical analysts from Mango Research have warned that XRP is still under pressure and the token may fall to the US$0.91 or even US$0.80 range before a sharp rise. This forecast stems from the fact that XRP has continued to be in a one-year decline channel since July last year.

Technical analysis highlights downside risks

Analysts at Mango Research pointed to the possibility of a potential bullish reversal, but emphasized that this reversal can only be confirmed if XRP breaks through the upper track of the current channel. The downtrend channel is sometimes seen as a catalyst for a trend shift, but analysis points out that for now, risks are still leaning towards further decline.

According to the measured movement method used by analysts, once the breakthrough is successful, the target price will point to $1.62. The price is also above the level of "dynamic resistance" shown by the weekly indicator on the Mango Research gauge.

In the short term, the outlook is biased towards bearish. Analysts described XRP as "fully bearish" and cited dashboard readings to indicate there is still sufficient downside. The article mentions that the volatility indicator values are 18, 52, 13, 8 and 4 respectively, but does not provide a specific calculation method for these numbers.

Oscillator signal and potential accumulation area

The Mango Pulse indicator also sent an additional downward signal, with a bearish cross on the two-day chart. Analysts compared this pattern to previous situations-specifically on January 23 and May 21, when XRP fell about 43% and 27% respectively after similar crossings occurred.

Although the current momentum is short, analysts view the recommended US$0.91 to US$0.80 correction as a potential accumulation opportunity. This area coincides with the downtrend line of the downtrend channel, which analysts believe could provide buyers with an entry point into previously bear market price areas.

Technical indicators have also received attention. Analysts highlighted historical settings that sometimes coincide with reversal points in previous market cycles for the XRP with readings below the 20% quantile and the relative strength index (RSI) still in the bear control zone. However, comments also pointed out that past indicator performance does not guarantee future results.

Importance of market monitoring and diversification tools

For traders tracking the XRP price structure, the key threshold is the upward resistance of the channel. Analysts warned that a bullish scenario will only emerge if a breakthrough is confirmed and XRP maintains the region at support.

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The price trend of XRP depends not only on the forecast target of $1.62, but also on whether it can break through key resistance levels in the channel and maintain its gains. Until then, analysts were cautious about the short-term downside risk to US$0.80 to US$0.91 and viewed potential declines as an accumulation area consistent with historical bear market lows.

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Looking to the future, analysts emphasize the importance of monitoring the technical structure of XRP. Confirming a breakthrough could pave the way for new bullish interest, while continuing below resistance could expose the token to further declines.