XRP Flirts With A Daily Range Breakdown – Price Must Hold Above $2 Level
XRP fell below $2 in early February for the first time since early February, and since then, wider market segments have lowered most cryptocurrencies. Despite the heavy sales pressure, XRP is more able to withstand than many other Altcoins, thus avoiding a sharp decline in the overall market. However, uncertainty remains high and analysts are divided on XRP’s next move.
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Some experts believe that if XRP can retract key resistance levels, it could trigger a recovery rally, bringing back bullish momentum. On the other hand, bearish analysts warn that XRP’s failure to maintain support levels could lead to deeper corrections.
Top analyst BigCheds shared a technical analysis on X, which shows that XRP is about to break up under $1.90. If this happens, XRP may see increased sales pressure, resulting in a price drop. and Prices at key levelstraders are observing whether it can stabilize and recover, or whether further losses are coming. The next few days are crucial to identifying the short-term trend of XRP, as market volatility remains high.
Crypto and stock market Struggle in case of uncertainty
The entire crypto market has been struggling as negative macroeconomic conditions continue to suppress investor sentiment. U.S. President Trump’s policies and global trade war tensions have created an environment of volatility and uncertainty that makes markets difficult to stabilize. As a result, the U.S. stock market has fallen to its lowest level since September 2024, increasing overall risk sentiment across all asset classes, including cryptocurrencies.
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As fear and uncertainty rise, analysts call for a continued decline in traditional markets and digital assets. Investors are still hesitant to enter long-term positions, and many are waiting for clearer signals before taking any action. XRP, though held better than some Altcoins, is not immune to wider market turmoil.
Bigched’s technical insights on X warn that XRP is flirting with range crashes on the daily chart. According to his analysis, if XRP loses support levels of $2-1.90, it could trigger a significant drop, opening the door for further downward pressure.
With XRP hovering at this critical level close, traders are closely monitoring whether the Bulls can defend major support or whether the downturn in the market as a whole will drive price reduction. The next few days will be key to determining the short-term trajectory of XRP due to macroeconomic concerns and increased volatility.
XRP holds sales pressure in $2 $2
XRP is currently trading at $2.13 after experiencing huge sales pressure in the past few days. Earlier, the price briefly dropped to $1.89, testing a key support level before bounced back above $2. Despite the short-term recovery, XRP is under bearish control and the Bulls must keep the company above $2 to prevent further drawbacks.
To restore XRP power, buyers need to push the price toward a critical resistance zone of $2.30 to $2.50. Strong moves above these levels can confirm recovery and help XRP avoid larger market sell-offs. However, the failure to defend $2 support will put XRP at risk of deeper corrections, with the next major demand zone around $1.60.
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As cryptocurrency market volatility increases, XRP’s price action remains uncertain. The bulls must step in as soon as possible to get higher levels, otherwise the risk of further losses will continue to grow. The next few trading courses are crucial to determine whether XRP can stabilize or reduce its decline to a lower price level.
Featured images from DALL-E, charts from TradingView
