The XRP price continues to face significant pressure as bearish momentum dominates the market. As of today, XRP has seen a sharp 3.77% decline, pushing it dangerously close to a crucial support line. On the hourly chart, XRP’s trend remains decisively bearish.
The XRP price continues to face significant pressure as bearish momentum dominates the market. As of today, XRP has seen a sharp 3.77% decline, pushing it dangerously close to a crucial support line.
On the hourly chart, XRP’s trend remains decisively bearish. The current trading level is hovering near $2.0819, a critical support zone. If this line fails to hold, technical indicators suggest that the token may slide further, possibly reaching the $2.07 range. Such a move would align with the pattern of decreasing highs and consistent sell-side volume dominating short-term charts.
Zooming out to the daily time frame, bears seem to be asserting more control. The asset recently closed on a negative note, which heightens concerns for further downside pressure. If buyers fail to keep XRP above the key $2 threshold, the next area of interest for bears lies between $2.00 and $2.05. A breakdown below this range could increase the probability of deeper declines in the near term.
More significantly, the weekly chart paints a neutral to bearish perspective. XRP remains some distance from its pivotal price levels, and neither bulls nor bears are showing dominant strength at this broader level. The lack of decisive movement above resistance ranges or below solid support suggests a consolidation phase may be in development. However, any breach through the interim support zone around $2 could trigger a sharper correction toward the $1.80 to $1.90 area.
Traders and investors are closely monitoring this consolidation as a potential setup for a more definitive trend. The absence of strong buying signals, along with the recent weak performance, lends more credibility to the bearish sentiment in the short term, especially given current market-wide declines across cryptocurrencies.
At present, XRP is trading at approximately $2.0939. Unless the bulls regain control soon, holding above the $2 mark might become increasingly difficult. Market watchers are keeping an eye on volume shifts and price reactions at key zones to determine if a reversal could emerge or if a bearish breakdown is imminent.
While sentiment remains cautious, XRP’s behavior near its support levels will be critical in shaping the next phase of its trend. Traders may consider staying alert around the $2 range, as this line could set the stage for either a bounce back or a prolonged dip further into bear territory.
As markets remain volatile and uncertainty lingers across the crypto space, XRP’s ability to hold or recover from current levels will be vital. Traders should track key price zones and volume dynamics for clearer directional clues throughout the remainder of the week.
Related: Expert Advice: Sell XRP If You’re Confused
Original anchor texts and links: CoinStats, TradingView
Quick Summary
The XRP price continues to face significant pressure as bearish momentum dominates the market. As of today, XRP has seen a sharp 3.77% decline, pushing it dangerously close to a crucial support line. On the hourly chart, XRP’s trend remains decisively bearish. The current trading level is hovering near $2.0819, a critical support zone.
Source
Information sourced from official Ripple publications, institutional research, regulatory documentation and reputable crypto news outlets.
Author
Ripple Van Winkle is a cryptocurrency analyst and founder of XRP Right Now. He has been active in the crypto space for over 8 years and has generated more than 25 million views across YouTube covering XRP daily.
Editorial Note
Opinions are the author's alone and for informational purposes only. This publication does not provide investment advice.
