XRP Price Analysis: Can XRP Hold Above $2 Support?

XRP price analysis shows the token is currently in a tight consolidation phase, displaying low volatility across both its USDT and BTC trading pairs. Investors are closely watching to see whether XRP can maintain its position above the crucial $2.00 support.

On the USDT chart, XRP continues to hover just above the key support level of $2.00, which coincides with the 200-day moving average. This $2.00 zone has proven to be a consistent demand level throughout April. Whenever the price dips toward this area, it is swiftly rebounded by buyers. Despite this, XRP has not shown significant upward momentum and remains trapped in a range between the $2.00 support and the $2.40–$2.60 resistance zone.

The market sentiment appears neutral at the moment, with the Relative Strength Index (RSI) hovering around the 50 level. For bulls to regain control, the price needs to break above the $2.60 zone. A successful move above this resistance could pave the way toward the next target range of $3.00–$3.10. However, if support at the 200-day moving average fails to hold, XRP may experience a deeper correction, with the next significant support zones positioned at $1.40 and $1.00.

XRP/BTC Trading Analysis

Looking at XRP’s performance against Bitcoin, the trend remains clearly bearish. Since reaching its local peak in January, the token has formed a series of lower highs, which reflects persistent weakness in this pair. XRP is currently trading just above the 2,400 Satoshi (SAT) level but remains well below the key resistance zone around 2,800 SAT.

If this downward trend continues, traders should closely monitor support near the 200-day moving average at around 2,100 SAT. Reclaiming the 2,800 SAT resistance is crucial for any shift toward a bullish structure. Until that resistance is broken, upside potential for this pair is likely to remain limited.

The XRP/BTC behavior highlights its relative underperformance when compared to Bitcoin. As long as significant resistance levels are not breached, XRP may struggle to attract renewed bullish interest in the BTC pair.

In summary, XRP’s price remains at a pivotal point both on the USDT and BTC charts. Traders and investors should watch the $2.00 support and the 200-day moving average closely, as they are critical in defining whether the asset continues consolidating or begins a fresh leg lower. Similarly, on the BTC pair, XRP must break through key resistance to reverse the current downtrend.

So far, XRP is resisting further decline, but without stronger buying pressure or positive market catalysts, the threat of slipping below current support levels still looms.

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

For further details and real-time charts, refer to this USDT chart and the BTC chart preview.