XRP dropped below the sign of $ 2 for the first time since the beginning of February, following the largest breakdown of the market that lowered most of the cryptocurrencies. Despite the intense sales pressure, XRP has resisted more than many other Altcoin, avoiding the steep drops seen throughout the market. However, uncertainty remains high, with analysts divided on the next XRP move.
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Some experts believe that if XRP manages to recover the key resistance levels, it could trigger a recovery rally, reporting bullish momentum. On the other hand, bearish analysts warn a further disadvantage, claiming that the inability of XRP to retain the above support levels could lead to a deeper correction.
The best Bigcheds analysts shared a technical analysis on X, suggesting that XRP is about to bring down below the sign of $ 1.90. If this happens, XRP could see greater sales pressure, leading to a larger drop in price. With the price on a fundamental level, the traders are looking at whether they can stabilize and recover or if further losses are on the horizon. The next few days will be crucial in determining XRP’s short -term tendency since the volatility of the market remains high.
The markets of cryptocurrencies and actions struggle between uncertainty
The entire cryptocurrency market has fought since the negative macroeconomic conditions continue to weigh on the feeling of investors. The policies of the President of the United States Trump and global commercial war tensions have created an environment of volatility and uncertainty, making it difficult to stabilize the markets. Consequently, the United States stock market has fallen to the lowest levels since September 2024, adding to the overall feeling of risk in all classes of activities, including cryptocurrencies.
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With the increase in fear and uncertainty, analysts ask for a continuation of the downward trend both in traditional markets and digital resources. Investors remain hesitant to enter long positions and many are waiting for clear signals before making any moves. XRP, although it holds better than some Altcoin, is not immune to the wider turbulence on the market.
Bigched’s technical intuitions on X warn that XRP is flirting with a breaking of the range on the daily graph. According to his analysis, if XRP loses the level of support from $ 2– $ 1.90, he could trigger a significant drop, opening the door for further downward pressure.
Since XRP is around this critical level, the traders are monitoring carefully if the bulls can defend the key support or if the market recession will push even lower prices. With macroeconomic concerns and greater volatility that dominate the landscape, the next few days will be fundamental in determining the short -term trajectory of XRP.
XRP holds $ 2 between a strong sales pressure
XRP is currently exchanged at $ 2.13 after trying enormous sales pressure in the last few days. Previously, the price fell briefly to $ 1.89, testing a critical support level before bouncing the sign of $ 2 above. Despite the short -term recovery, XRP remains under the bearish control and the bulls must contain over $ 2 to prevent a further disadvantage.
In order for XRP to regain the momentum, buyers must push prices to the key resistance areas around $ 2.30- $ 2.50. A strong move above these levels could confirm a recovery, helping XRP to avoid a larger market place-off. However, not being able to defend the support of $ 2 would put XRP at risk of a deeper correction, with the next main demand area that is located about $ 1.60.
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With volatility that increases cryptocurrencies in the markets, the action of XRP prices remains uncertain. Bulls must intervene early to recover higher levels or the risk of further losses will continue to grow. The next trading sessions will be crucial in determining whether XRP can stabilize or extend its drop to lower price levels.
First floor image from Dall-E, TradingView chart