XRP Bulls Prepare for Potential Support Test as Bloomberg’s McGlone Raises Concerns

XRP is currently hovering around a crucial support level, as Bloomberg's Mike McGlone issues a warning about a possible breakdown, while analyst CryptoBull envisions a long consolidation phase before a significant upward move.

Key Takeaways

Bloomberg's Mike McGlone warns that XRP may fall below a key support level.
A continued correction in the cryptocurrency market has put XRP's price movements under scrutiny.
McGlone stresses that a sustained drop below support could invalidate bullish predictions and lead to further declines.
In contrast, analyst CryptoBull believes XRP is consolidating for a potential breakout, citing a need for extended accumulation before higher price levels are achieved.

XRP nears key support as analysts split on next move

Market Overview

Bloomberg Senior Commodities Strategist Mike McGlone has raised concerns about the trajectory of XRP’s price, indicating the possibility of a decline below a significant support level. This warning comes amidst a broader correction across the cryptocurrency market, placing XRP's price movements at the center of attention for traders and investors.

McGlone indicated that a retest of this support level is approaching, highlighting that a consistent close beneath it could disrupt positive price outlooks and may lead to deeper price drops. This support level has been a reliable foothold since the rally in November 2025.

Previously, McGlone had cautioned about Bitcoin potentially dropping to $10,000, and he suggests that XRP may soon experience even steeper declines as the correction trend that began in October persists.

If the market takes a bearish turn, this support level remains critical for XRP. Alternatively, a rebound above higher resistance could hint at a short-term recovery trajectory toward elevated price targets.

Contrasting this view, analyst CryptoBull posits that XRP is currently consolidating around its previous all-time highs. This analyst notes that the current price pattern appears similar to prior bull runs.

CryptoBull believes that XRP needs a more extended period of accumulation before reaching higher prices, suggesting that it could remain around its previous high for some time prior to a significant breakout. This approach anticipates later waves of momentum that could propel XRP to greater heights.

At the time of the original report, XRP's price was holding steady near its recent levels.