XRP is at a critical juncture, trading at $2.08 after a sharp decline. The $2.00 support level has become a battleground for market participants.
Technical Breakdown: The Key Levels to Watch
On the daily chart, the $2.00 support level stands as the last line of defense for XRP. The 50-day moving average at $2.15 is capping upside attempts, and breaking through it is crucial for recovery. Holding above $2.00 might push it to $2.25, while falling could send XRP to $1.90 or even $1.79.
4-Hour Chart Analysis
The market is indecisive: the RSI is at 53—neither overbought nor oversold—and the MACD is flat, indicating neither buyers nor sellers have firm control.
Prediction: What's Next for XRP?
If XRP holds above $2.00, expect a push toward $2.15 and potentially testing $2.20. But if support fails, it could drop to $1.90 or lower. The market is in a delicate state, and the next big move is close.
XRP is at a critical level. A move above $2.15 could indicate recovery, while a drop below $2.00 may trigger a significant decline. Traders should stay alert.
