XRP is standing on shaky ground, trading at $2.08 after a sharp 4.59% drop. The battle for the $2.00 support level is heating up, and the market is at a crossroads. If buyers step in with force, XRP could stage a strong recovery. But if sellers gain control, we could be staring at a deep plunge. Let’s break down the charts to see what’s next.
Technical Breakdown: The Key Levels to Watch
Daily Chart: XRP Needs a Lifeline
XRP is stuck in consolidation, with $2.00 acting as its last line of defense. The 50-day moving average at $2.15 is capping any upside attempts, and a breakthrough here is crucial for bullish momentum. If XRP holds steady above $2.00, it could build momentum toward $2.25. However, if this level crumbles, brace for a slide to $1.90 or even $1.79, where stronger support sits.
4-Hour Chart Analysis
The market is indecisive. The RSI is hovering at 53—neither overbought nor oversold—while the MACD is flat, signaling that neither bulls nor bears have a firm grip. XRP needs a catalyst to break out of this uncertainty.
1-Hour Chart: A Fight for Control
Short-term indicators show a tug-of-war. Bulls need to clear $2.10 to build upward momentum toward $2.20. But if XRP slips below $2.05, sellers will likely seize the opportunity to drive prices lower. Right now, it’s a waiting game.
15-Minute Chart: A Ticking Time Bomb
XRP is bouncing between $2.43 and $2.48, showing hesitation. A breakout above $2.48 could ignite a short-term rally, but a drop below $2.43 could trigger another round of selling pressure.
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Prediction: What’s Next for XRP?
If XRP holds above $2.00, expect a push toward $2.15 and a possible test of $2.20. But if support fails, the floodgates could open, sending XRP to $1.90 or lower. The market is in a delicate state, and the next big move is just around the corner.
Final Verdict: All Eyes on $2.00
XRP is at a breaking point. A move above $2.15 could signal the start of a recovery, but a drop below $2.00 could send shockwaves through the market. The coming days will determine whether XRP bounces back or takes a deeper plunge—traders, stay sharp.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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