#XRP has come under significant pressure in the last 24 hours, declining over 5.7% to trade around $2.18 on the Binance XRP/USDT pair. This move marks a clear breakdown from the recent consolidation zone around $2.40–$2.50, indicating a potential shift in short-term market sentiment.
Technical analysis shows that XRP is now approaching a critical support zone between $1.85 and $2.00, a level that previously acted as a strong demand area in both February and April. This zone will likely determine whether the current pullback remains a healthy correction within a broader uptrend or if it transitions into a more extended bearish phase.
Volume profiles also suggest waning bullish momentum, with declining buy-side interest on recent red candles. A failure to hold above $1.90 could trigger further liquidations and push XRP toward the $1.60–$1.70 range, where the next significant support lies.
On the upside, bulls would need to reclaim $2.40 with strong volume to reestablish control and attempt a retest of the $2.80–$3.00 resistance area. Until then, traders should expect increased volatility and be cautious with high-leverage positions.
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