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Is XRP Heading Below $2 Again? Charts Show Growing Pressure
XRP’s recent performance stands in sharp contrast to the confidence seen only days ago. Despite attempts to stabilize, the charts continue to show persistent downside pressure. Across multiple time frames on TradingView, Bollinger Bands reveal why the market remains on a slow drift lower rather than forming a solid base.
Long-Term Structure Shows Weak Foundation
On the monthly chart, the clearest signal comes from the midband, which remains below the $2 mark, fluctuating around $1.82–$1.85. As analysts note:
“The midband staying under $2 suggests XRP never established a long-term foundation above that level.”
Although XRP’s recent rally lifted prices well beyond this zone, the underlying trend never shifted with it. The asset is now sliding back toward the range that the broader market still considers fair value.
Weekly Chart Confirms Persistent Pressure
Weekly candles reinforce this downward momentum. XRP continues to trade under the weekly midband near $2.69, sticking close to the lower band around $1.94. This support zone has been tested several times, yet none of the rebounds have shown meaningful strength.
Attempts to climb back above the $2.20–$2.30 region—once viewed as a springboard for upside—have repeatedly failed. Each upward move fades faster than the previous one.
As chart analysts often explain:
“When price keeps returning to the same support while showing weaker bounces, it typically sets up a more decisive retest.”
Daily Frame Tightens the Bearish Structure
On the daily chart, the narrative becomes even clearer. The midband sits near $2.12, and XRP has spent weeks sliding beneath it. The lower band around $1.95 continues to attract repeated touches without any sustained recovery.
Adding to the pressure, the Bollinger Bands themselves have started to curve downward—an early signal that momentum has yet to shift in favor of buyers.
Trend Still Points Below $2
Taken together, XRP’s multi-time-frame structure continues to point toward the sub-$2 zone, with shorter time frames offering little resistance to the prevailing direction. Unless buyers regain enough strength to reclaim those midbands, XRP appears set to revisit levels that the market never truly abandoned.
