$XRP Price Takes a Hit – Will Key Support Levels Hold?
The XRP market is seeing some red today as the price takes a dip below critical levels 🚨. After struggling to hold above $2.20, the downtrend has pushed it toward the next major support at $2.020. Let’s break down what’s happening and where things could go next!
What’s Driving the Drop?
XRP followed Bitcoin and Ethereum’s bearish momentum, slipping under $2.25 and then breaking key supports at $2.20 and $2.180. Sellers took control, driving the price as low as $2.095 before a slight consolidation kicked in.
Right now, XRP is trading below the 100-hour SMA, and a bearish trend line is forming with resistance near $2.1750 on the hourly chart. If bulls can’t push back soon, we might see more downside.
Key Levels to Watch
🔴 **Resistance Zones:
- Immediate hurdle at $2.1320
- Stronger resistance near $2.1750 (50% Fib retracement from recent swing high to low)
- A break above $2.1950 could signal a comeback, opening the path to $2.22 and even $2.3
🟢 Support Zones:
- First safety net at $2.10
- Critical support near $2.080 – if this breaks, expect a test of $2.050
- Worst-case scenario? A drop toward **$2.020**
What’s Next for XRP?
The MACD is flashing bearish signals, and the RSI is sitting below 50, suggesting more downside risk. If buyers fail to reclaim $2.1750 , we could see another leg down. But if momentum shifts, a rebound toward $2.25+ isn’t off the table!
Stay tuned for updates – the market moves fast, and you won’t want to miss what happens next! 🚀
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