XRP holds above $2.06 support, but a drop below $2.04 may trigger deeper losses.
Resistance at $2.13 caps rallies, with bulls needing a breakout to reverse momentum.
MACD and RSI indicators hint at early bullish momentum, but confirmation remains lacking.
XRP continued to show signs of weakness as the price struggled to regain upward momentum, trading at $2.08 with a 1.98% decline over the last 24 hours. The chart reflected a noticeable short-term downtrend, defined by consistent lower highs and lower lows.
A brief rally attempt earlier failed as sellers regained control, suggesting cautious bearish sentiment heading into April 23rd, keeping traders focused on key support levels.
Key Support Near $2.06 Holds for Now
XRP’s recent pullback brought significant attention to the $2.06 level, which repeatedly held up throughout the trading session. Buyers appeared active near this price, attempting to stabilize the decline.
Moreover, the broader support range between $2.04 and $2.05 marked the lowest intraday dip, followed by a minor recovery. This zone may serve as a crucial floor if bearish pressure continues. However, a break…
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