XRP Price Must Hold $1.97 Support to Avoid Bearish Scenario

XRP's price has declined over the past 48 hours, dropping to around $2 after attempts to maintain levels above $2.10 failed. The selling pressure has been moderate, with resistance at $2.165.

XRP Defends Macro Support Zone

  • XRP is defending the 0.5 Fibonacci retracement level near $2.03, which serves as a crucial support zone.
  • Currently trading at $2.04, XRP rebounded from a low of $1.99 in the last 24 hours.
  • The $1.97 level is critical; falling below this could indicate a bearish trend.

XRP

Potential Scenarios

  • Bullish Scenario: Holding above $1.97 allows for potential gains. A break above $2.41 would suggest stronger bullish momentum, targeting $2.75 to $2.90.
  • Bearish Scenario: Falling below $1.97 shifts focus to the 0.618 retracement at $1.64, another major support level.

XRP remains at a pivotal juncture, with macro support being crucial for any significant recovery.

XRP