XRP is trading at $2.19, reflecting a 6.01% decline from the previous close. The recent price action shows a drop from an intraday high of $2.36 to a low of $2.16, following broader market volatility.
Current Price Action & Technical Outlook
XRP has been on a downward trend, struggling to hold key support levels. XRP chart has shown a bearish head-and-shoulders pattern, which, if confirmed, could push XRP down by over 50% to around $1.10.
However, XRP is nearing a reversal, as it has reached critical support levels predicted by previous analyses. This could mean an upcoming bounce back if buying pressure returns.
When Will the Pullback Reverse?
For a bullish reversal, XRP must hold above the $2.10–$2.20 support zone and reclaim $2.40–$2.50 as resistance-turned-support. A breakout above $2.60 could confirm renewed upward momentum.
If the bearish pattern plays out, XRP could drop to $1.50 first, with $1.10 as an extreme downside target. A breakdown below $2.00 would signal continued weakness.
Market Sentiment & Outlook
Investor sentiment remains mixed, influenced by macro trends and regulatory factors affecting Ripple and the broader crypto space. Despite the short-term dip, XRP’s long-term fundamentals remain strong, especially in cross-border payments and institutional adoption.
XRP is at a critical turning point. If bulls hold support and push past resistance, a reversal could drive prices back toward $3.00. However, failure to defend key levels could trigger a steep decline toward $1.10.
For now, traders should watch the $2.10 support and $2.50 resistance, as they will determine XRP’s next major move.
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.
Follow us on X, Facebook, Telegram, and Google News
