- XRP is struggling to maintain its crucial $2 support level as bearish momentum intensifies, with technical indicators like the MACD signaling potential downside toward $1.60 if selling pressure persists.
- Bulls must push the price higher to sustain a bullish trend, while resistance at $3 and $3.40 remains key for a potential recovery.
XRP is currently at a pivotal moment as its price battles to stay above the critical $2 support level. With increasing bearish pressure, the cryptocurrency market is watching closely to see whether Ripple’s token can hold strong or succumb to downward momentum.
A Key Battleground for XRP
Since December 2024, XRP has defended the $2 mark five times, reinforcing its importance as a key support level. However, recent market trends suggest that sellers are intensifying their efforts to break below this threshold. Despite these challenges, buyers have consistently stepped in to stabilize the price, indicating strong market interest in maintaining Ripple’s bullish trajectory.
Duo Nine, a crypto market analyst, highlighted the resilience of XRP at this level, stating:
“Despite the market volatility, XRP has managed to remain above $2, which has been well defended to date. However, sellers are increasing the pressure.”
Bearish Momentum Grows
Technical indicators suggest that bearish momentum is gaining strength, which poses a significant challenge for XRP’s stability. The weekly Moving Average Convergence Divergence (MACD) indicator recently experienced a bearish crossover, signaling a potential downward trend. This development aligns with increasing seller aggression, making it more difficult for XRP to sustain its support level.
Duo Nine further emphasized this concern:
“Even if bulls did a good job so far, the market momentum is against them. The weekly MACD is accelerating downwards after its recent bearish cross. If nothing changes, the expectation is that the current support at $2 may fall, and XRP could drop to $1.60 next.”
Critical Price Levels to Watch
For traders and investors tracking XRP’s movement, several price levels will be crucial in determining the next direction:
- $2 Support Level: If buyers continue defending this mark, XRP could maintain its bullish trend.
- $1.60 Support Level: A failure at $2 could lead to a drop to this next critical support level.
- $3 Resistance Level: For a bullish reversal, XRP must surpass this level.
- $3.40 Resistance Level: A break above $3.40 would signal strong bullish momentum.
Final Outlook: What’s Next for XRP?
The coming weeks will be decisive for XRP as it struggles to hold the $2 support level. With bearish indicators growing stronger, bulls must step up their buying pressure to prevent a breakdown. The broader cryptocurrency market sentiment will also play a role in determining Ripple’s price trajectory.
For now, all eyes remain on XRP’s ability to defend $2—if it holds, the bullish trend could remain intact, but if it fails, a decline toward $1.60 could be imminent. Traders should stay vigilant and watch for key market signals to make informed decisions.
