Renowned crypto analyst Alessio Rastani has expressed concerns about the future trajectory of XRP's price. In his latest analysis, Rastani highlighted a scenario where XRP might experience bigger drops ahead, potentially revisiting the lows seen in 2020.

Rastani explained that while XRP has seen a recent bounce, he believes this is more of a temporary recovery rather than a strong upward trend. He cautioned that if XRP fails to break through certain resistance levels soon, it could lead to another significant price decline, possibly back to the $0.20 or even $0.10 range.

The analyst recalled his accurate prediction in December 2020, where he recommended buying XRP at its lowest point, which proved to be a profitable call as the price later rose higher than expected. However, Rastani now sees the current XRP market as correcting rather than moving strongly upward.

Rastani emphasized that the key levels to watch for XRP are around $0.41 and $0.35. If the price falls below these support levels, he believes XRP could head towards the 2020 lows. Conversely, he noted that if XRP manages to break above resistance levels near $0.64 and $0.75, he might reconsider his bearish outlook.

At the time of writing, XRP is trading at $0.46, down by more than one percent in the last 24 hours.