XRP continues to show a persistent downtrend, maintaining pressure on key support levels and attracting analysts' interest.
Ongoing XRP Downtrend
The structure of XRP remains clearly bearish. Since peaking at $2.65, every breakout has fizzled into corrections, offering little hope for a sustained reversal. The zone between $2.35 and $2.38 continues to act as a liquidity trap, marking the last significant lower high.
Support and Key Levels
XRP is now testing the 0.5 Fibonacci level at $2.13 for the third time. Repeated attempts increase the likelihood of a breakdown. If $2.13 gives way, the next key zone lies between $2.03 and $1.95, where horizontal support and the Golden Pocket converge.
Prospects for Bulls
For bullish momentum to return, XRP needs to break impulsively above $2.38. Without that shift, the structure remains damaged, and the risk of new lows grows. This week’s focus falls on the $2.13–$1.95 zone. If that level holds, a fresh bounce could occur. If it fails, bears may press the advantage towards multi-month lows.
In the current situation, XRP is experiencing significant pressure, and market actions will depend on the ability to hold key support levels.
