XRP Support Level at $2 Draws Investor Confidence

XRP has become the focus of renewed investor interest as market experts identify a solid support level around the $2 mark, signaling where deep liquidity exists and where institutional and retail buyers are ready to act. While the broader altcoin market experiences turbulence, XRP appears to have found a potential safety net that could stimulate significant buying momentum.

Recently, the price of XRP has shown signs of pullback, losing part of the bullish strength that drove it to a recent high of $2.65. Since hitting that peak, it has dropped by approximately 13.5%, aligning with similar downturns across the altcoin sector. However, an analyst known by the handle Cryptoinsightuk has pinpointed an important support zone that could act as a stronghold for the cryptocurrency going forward.

In a post published on May 26, Cryptoinsightuk shared a liquidity heatmap of XRP trading on Binance, revealing significant concentrations of buy and sell orders at various price stages. What stood out most on the chart was the thick wall of buy orders around the $2 level, a price he describes as carrying immense liquidity. According to the analyst, this suggests that heavyweight investors—or whales—are already queuing up to purchase XRP should it return to that level.

He went so far as to say that if XRP does drop to $2, he plans to invest all remaining cash into the token. This kind of sentiment underscores the expectation that a decline to this support would trigger powerful buying activity, leading to a strong rebound. In trading terms, liquidity pockets like this indicate a high volume of pending buy orders, which could easily absorb selling pressure and spark upward momentum.

Cryptoinsightuk believes that such a setup favors a sharp bounce should XRP touch the $2 point again. The volume and confidence at this price align with historical data showing it has previously served as a reliable defense against declines. If price meets solid buying interest at $2, it could not only recover quickly but potentially trigger a new upward wave.

This has led many in the XRP community to liken the $2 zone to the old $0.50 support—an area where XRP once consolidated for extended periods before its breakout earlier this year. The comparison isn’t far-fetched. In earlier market cycles, XRP had bounced significantly from $0.50, and now $2 is emerging as the new psychological and technical anchor.

This narrative is gaining traction among notable community voices. For instance, Edward Farina, founder of Alpha Lions Academy, suggested that $2 might now function as the new $0.50. He based this on the repeated resilience XRP has shown around this level, especially after previous failed attempts to fall significantly below it. Similarly, analyst Francisco Almedia reinforced this belief, supporting the notion that the $2 support may become a pivotal level in future price behavior.

Looking at XRP’s recent performance, after falling from its seven-year high of $3.39, the cryptocurrency repeatedly rebounded from the $2 level. This was especially evident during turbulent periods such as December’s post-rejection pullbacks and the sharp downturns seen through February and April. In each instance, $2 acted as a firm base, attracting enough demand to push XRP back up.

These repeated rebounds have sparked widespread belief among strategic investors that XRP is unlikely to trade below this zone. As a result, confidence is rising that the $2 mark is more than just a support—it’s a launchpad.

Meanwhile, broader market sentiment toward XRP has remained bullish. Optimists forecast future price targets at $8, $10, or even $100, reflecting a prevailing view that XRP may be on the cusp of a long-term rally. At the time this analysis was published, XRP was trading at $2.30—still relatively close to the key $2 support, providing investors an opportunity to closely monitor price movements around this level.

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

In summary, Cryptoinsightuk and others in the XRP investment landscape see the $2 level as a critical area of heavy liquidity and strong investor conviction. Whether this turns into the new long-term base for XRP remains to be confirmed, but current charts and trader sentiment suggest it’s a level to watch very closely.