XRP Holds $2 Support Amid Volatility: Weekly Outlook

XRP has shown resilience this week, with the cryptocurrency maintaining its crucial $2 support level despite recent market turbulence. This highlights increasing interest around XRP as traders and investors closely monitor its next directional move.

Buyers Defend the $2 Level

Following heightened geopolitical tensions sparked by U.S. military actions in Iran, the broader crypto market experienced sharp sell-offs over the weekend. XRP briefly dipped to $1.90 but quickly recovered above the psychologically and technically important $2 level. This bounce suggests buyers stepped in aggressively, marking this zone as a battleground for control. Market participants seem committed to defending this price range, keeping the asset relatively stable in the face of larger market uncertainty.

Currently, $2 acts as the primary support, while resistance areas lie at $2.30, $2.60, and $3. These levels could become crucial if bullish pressure continues to build. However, the presence of active sellers remains a key risk, potentially limiting upward movement in the short term.

Bearish Momentum Persists on Larger Timeframes

Although XRP has regained ground from recent lows, technical indicators on higher timeframes remain cautious. The Moving Average Convergence Divergence (MACD) continues to trend downward on daily and weekly charts, signaling that bearish momentum is still dominant. This behavior implies that, despite temporary rebounds, downside risks haven’t been entirely neutralized.

Until indicators like the MACD begin to flatten or reverse, traders should expect continued pressure at major support zones. The bulls must convert current levels into a robust foundation if they wish to challenge resistance points more convincingly.

Oversold RSI Triggers Short-Term Bounce

On shorter timeframes, particularly the 4-hour chart, the Relative Strength Index (RSI) indicates that XRP recently entered oversold territory. This condition likely contributed to the quick recovery from $1.90 to $2 as bargain hunters took advantage of the downturn.

However, it’s important to view this bounce with a degree of caution. While a low RSI often precedes a price uptick, it doesn’t guarantee sustained momentum. If sellers return with sufficient volume, there remains a risk that XRP could slip below the $2 support. A breakdown at that level may open the door for a decline toward $1.60, where the next significant demand zone is expected to emerge.

XRP’s short-term outlook is therefore caught between defensive buying at known support zones and lingering bearish signals on larger time horizons. With resistance overhead and momentum indicators flashing warning signs, the asset continues to navigate a volatile landscape.

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

Investors are advised to monitor key technical zones, including support at $2 and the nearby resistance levels of $2.30 and beyond. A sustained close above these resistance points would be an encouraging sign for bulls, but failure to hold the current range could expose XRP to deeper corrections.