XRP Price Prediction: Will $2 Support Hold as Bearish Momentum Intensifies?

XRP’s price has recently retreated to approximately $2.2 as overall market sentiment turns cautious.

Key Levels: Support at $2 | Resistance near $3–$3.4

Bearish Momentum Dominates

Over the past 24 hours, XRP has fallen by around 8%, pushing its price to roughly $2.2. This decline has strengthened bearish sentiment among investors. Analysts caution that if the downward trend continues, the $2 support level could soon be tested. To revive a more positive outlook, it’s essential for XRP to stop its decline at this critical level.

Weak Buyer Interest

Recent trading sessions have been marked by strong selling pressure, reflected in the predominantly red volume profile of the last few weeks. While this selling has driven the price down, the crucial support zone at $2 appears to be holding. This stability may offer an opportunity for buyers to enter the market if the downtrend intensifies or an attempt is made to break this support.

Technical Indicators Suggest Further Declines

From a technical analysis perspective, the weekly MACD indicates a significant bearish cross, expected to be confirmed by the week’s end. If this bearish signal is validated, market participants might see the current downtrend extend, leading to even lower prices. With the $2 support level being crucial, any failure to hold this level could open the door for further declines.

Market watchers are carefully tracking XRP’s price movements, stressing the importance of holding the $2 level. Strong technical confirmations in the days ahead will be crucial in determining whether XRP can rebound or if the bearish momentum will continue.