XRP Price – XRP on the Brink: Is the $2 Support Zone About to Break?
XRP Price – XRP is currently on thin ice, trading around $2.07 and down 3% for the day, as it continues to struggle under increasing downward pressure. With bears gearing up to dominate the market, the selling volume is rising, which could lead to XRP slipping below the crucial $2 mark. This marks a troubling trend for XRP, as it has been trading within a long descending channel since early 2025, consistently forming lower highs and lows.
Technical Outlook and Bearish Sentiment
The key 50 and 100 EMAs have turned into resistance, while the 200 EMA, located near $1.94-$1.95, is emerging as the only significant support zone left. This level is critical, as it represents horizontal support from January. However, the current price action suggests that XRP is testing this support zone, signaling weakening buying pressure and a possible breakdown.
Despite repeated attempts, the $2 level has failed to see a meaningful rebound, indicating that buyers are exhausted. On the contrary, the rising red candles reflect an increasing dominance of sellers in the market. The Relative Strength Index (RSI) currently stands at 38, showing that XRP is in a weak momentum zone, far from oversold territory but still vulnerable to further declines.
Potential Risk for a Deeper Correction
If XRP loses the psychological $2 mark, the next support zone near $1.94 will become a critical defense point. A breach below this level could trigger a larger correction, possibly heading towards $1.70 in a bearish scenario. Without a significant reversal, XRP may face a decline below $2 in the next 24 hours, leaving traders with waning confidence.
In conclusion, XRP’s price trajectory is heavily dependent on whether it can defend the $1.94 level, as further losses may signal an extended downturn in the near term.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
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