XRP’s price has rebounded from its February 28 low of $1.94 but remains below a key resistance zone. Market indicators suggest that XRP could face further downside unless it reclaims critical support levels.
XRP Must Hold Above $2.00
The $2.00 level has acted as strong support since December 1.
A break below this level could push XRP toward $1.76 or even $1.61, where the 200-day SMA lies.
The RSI at 40 indicates bearish conditions, increasing the risk of further decline.
Resistance Levels for a Bullish Reversal
XRP needs to turn the $2.50–$2.60 resistance into support.
These levels align with the 50-day and 100-day SMAs.
A close above the 50-day SMA could trigger a rally toward $3.00 or even the seven-year high of $3.40.
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