XRP price is once again under pressure, slipping to $2.066, raising questions among traders about the asset's future.
Current Market Situation for XRP
At this moment, XRP price is under pressure, showing signs of a bearish trend. Recent charts indicate that XRP has failed to hold above $2.50, and the asset is now facing pressure at critical support zones.
Key Support and Resistance Levels
Using Fibonacci retracement, the following key levels have been identified:
* Support Zone 1: $2.05 (0.618 retracement) * Support Zone 2: $1.86 (0.786 retracement) * Major Psychological Support: $2.00
If XRP price fails to hold above $2.05, a retest of the $1.86 zone may occur.
Forecasts for Next Week
The current chart setup indicates a crucial moment for XRP. Possible scenarios over the next 5-10 trading sessions include:
* Bearish Case: Break below $2.05 → target $1.86 * Bullish Case: Bounce above $2.10 → target $2.30 * Neutral Case: Consolidation between $2.00 and $2.15
Given the RSI and current price action, the bearish case appears more probable.
XRP price is currently under pressure, and traders should monitor key support and resistance levels for future decision-making.
