Observe These Two Key XRP Levels This Week: A Ripple Price Evaluation

Ripple's recent drop has temporarily paused at the 200-day moving average, suggesting a possible short-term rebound. This pause occurred at a confluence of support levels, such as a descending wedge pattern and the 0.5–0.618 Fibonacci retracement zone.

A short-term rebound could potentially target the upper boundary of the wedge near the 100-day MA at $2.5. However, due to weak market participation and low momentum, XRP may continue to fluctuate within the wedge pattern until a decisive breakout, which could generate significant volatility.

On a lower timeframe, XRP has been slowly retracing towards its prior swing high of $2.2. Success in breaching this level could indicate a bullish market shift, while failure could cement the existing bearish structure.