What to Know:
- XRP has rebounded above $2.00 after a significant price drop.
- Analysts are eyeing key resistance levels at $2.00-$2.10 and $2.60.
- Potential support levels are around $1.75, with a worst-case scenario targeting $1.50.
XRP is showing signs of recovery, leading the charge among larger-cap altcoins today. After a challenging week that saw XRP’s price plummet from $2.30 to just over $1.80, the digital asset has rebounded, surpassing $2.00 for the first time since Friday morning. Investors are keenly watching potential price movements and critical support and resistance levels.
Analysts suggest that if XRP sustains its upward trajectory, the next significant resistance point lies at $2.60. Overcoming the immediate hurdle between $2.00 and $2.10 is crucial for continued positive momentum. A decisive close above the current range could shift market sentiment and propel XRP higher.
However, failure to reclaim the $2.08 level could lead to further downward pressure, with the first line of defense around $1.75. Data indicates substantial accumulation of XRP tokens around this level, establishing it as a key support area. Monitoring these levels will be important for traders.
1.80 billion $XRP were previously acquired around $1.75, making it a key support area. pic.twitter.com/gjZCdVApuA
Conversely, some analysts foresee a potential correction, with worst-case scenarios projecting a breakdown below the $1.75 support, potentially reaching $1.50. A recovery towards $2.00 would only occur after reaching these lower levels, according to this outlook.
$XRP / $USD â Update
I am sorry i do think we head a lot lower on XRP pic.twitter.com/P2h8uu1ISn
Currently, XRP is trading positively on the daily chart, showing a 6.4% increase to $2.04. Despite this recent gain, the weekly and monthly charts reflect losses of 10.2% and 16.5%, respectively. XRP remains significantly below its all-time high registered in July 2025, indicating there is still room for growth.
XRP’s recent price action highlights the volatility inherent in cryptocurrency markets. Investors should closely monitor key support and resistance levels to make informed decisions, as the asset navigates a path to recovery.
Source: Original article
