XRP at Risk: Ripple Faces Critical Support Level

XRP is drawing investor attention as Ripple’s token tests a key support level, raising concerns that a deeper correction may follow if this threshold is breached. After a recent surge to $2.45, the cryptocurrency faced strong rejection, highlighting market hesitation at higher levels.

Just over a week ago, XRP surprised the market by climbing to a multi-month high of nearly $2.70. Initial resistance surfaced, but bulls managed to push the price again mid-week, hitting $2.65. Still, momentum didn’t hold; XRP saw another rejection that sent the token tumbling to around $2.30 by Friday, where it found temporary stability.

The situation briefly improved over the weekend with a market-wide Sunday upswing. XRP climbed again to challenge the $2.50 region but was reflexively driven downward — back to the $2.30 range. According to market analyst Ali Martinez, this support area has been tested several times in recent weeks, underlining its importance. Should XRP drop below $2.30, Martinez suggests the value could slide down to $2, which has served as a historical floor since early this year.

In support of this cautious outlook, recent on-chain data provided by Whale Watch Perps on X reveals a top-performing trader has significantly reduced their long XRP position. The move was noted as bearish by some market observers, especially given that this particular trader, with a strong profit and loss track record, now holds a long position of $54,960 at an average entry point of $2.32. Their repositioning could reflect broader concerns that upward momentum may be losing steam.

Despite the bearish signals, the market hasn’t entirely shifted to a downward bias. Following the latest pullback to $2.30, analyst Martinez pointed out a technical buy signal on XRP’s hourly chart based on the TD Sequential indicator. Historically, this tool indicates a potential reversal or price stabilization pattern, suggesting there’s still hope for bulls aiming for another recovery leg.

Adding to this optimism, another observer known as Xoom commented that broader market sentiment toward XRP appears to be resetting. Xoom notes a rise in Google search interest for XRP, a possible sign of renewed retail engagement after a period of low public enthusiasm. Such patterns often set the stage for breakouts, especially when fewer traders are actively focused on short-term price moves.

Still, caution remains the dominant theme as XRP balances between critical technical zones. Continued attention to support at $2.30 will be crucial. A definitive move below may signal a greater shift in market structure, opening the door for a dip toward $2. Conversely, renewed buying interest spurred by sentiment or technical indicators could reinvigorate demand, keeping XRP on track for potential rebounds.

As always, investor behavior — particularly that of influential whales — adds an essential dimension to market forecasting. With large holders adjusting their exposure, XRP’s short-term trajectory remains highly sensitive to both technical movements and trader sentiment on larger platforms like Hyperliquid.

The coming days will be key in determining whether XRP maintains its footing or begins a deeper correction. For now, all eyes are on $2.30 — the level that could either act as a foundation for recovery or a gateway to further downside.

Related: Expert Advice: Sell XRP If You’re Confused

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