XRP Reaches a Critical Threshold at 1.90 Dollars: Is it the Final Dip or the Start of a New Decline?

XRP is facing a critical support test at the 1.90 dollar level after experiencing a loss in value in recent weeks. A close below this level could push the price down to the 1.80 – 1.79 dollar range. Experts warn that if this region cannot be defended, a deeper correction may be on the horizon.

Searching for Ground in a Downtrend

Last week, after losing the support zone between 2.50 – 2.10 dollars, XRP experienced a sharp pullback to 1.92 dollars. While the price found some short-term support at this level, the overall technical structure still remains downward.

As of now, if the daily close occurs below 1.90 dollars, it could deepen the downward trend. In this case, the price is expected to decline to the next strong support area at 1.80 – 1.79 dollars. In a potential upward recovery, the range of 2.16 – 2.60 dollars emerges as an important resistance area.

Cautious Warnings from Analysts

Technical analyst Casi Trades indicates that XRP's current price movement could be a typical market behavior before a "final dip." According to the analyst, such movements are generally seen before a strong trend reversal. However, at this stage, no trend reversal has been confirmed.

Casi Trades, stating that "This week is critical in terms of both charts and geopolitical developments. The reaction at the 1.90 dollar level will determine XRP's future direction," warns investors to be cautious.

Downward Risks and Upward Potential

If XRP permanently dips below the 1.79 dollar level, the downtrend could shift to a more risky dimension. In this scenario, 1.56 dollars and even 1.21 dollars could be potential targets.

On the other hand, XRP breaking its current resistance area with strong volume and especially exhibiting a five-wave bullish formation may indicate that an early recovery process has begun. In this case, a short-term positive momentum could form in the market.

Critical Level: 1.90 Dollars

Currently, technical indicators reveal that 1.90 dollars is a key level for XRP. Maintaining this level is vital for the potential formation of a bottom. However, if it breaks, the market may need to prepare for lower levels.

As a result, it appears that XRP continues to move within a wide trading range between 2.13 – 1.55 dollars. It is critically important for investors to closely monitor price movements, especially around 1.90 dollars in the short term.


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