XRP Price Faces Resistance Below $2 Amid Bitcoin Retracement

A recent analysis on XRP highlights its breakdown below $2 and potential influences from Bitcoin's movements. Key points include:

XRP is experiencing a deeper pullback while Bitcoin undergoes a corrective phase.
XRP recently touched the 0.382 Fibonacci retracement near $1.95.
A breakdown below $1.916 could lead to a move toward $1.90, with possible further tests at $1.88 if XRP remains under $2.
The $2 level is marked as significant resistance, dependent on Bitcoin's upward movement.
XRP's current downtrend is evident on the 4-hour chart, with price below short-term Moving Averages and weak momentum suggested by the RSI indicator.

In the short term, analyst Tara suggests:

XRP's major resistance lies at $9, although reaching this soon is unlikely given the broader market conditions.
A potential rally could see XRP reaching up to $2.30 by year-end, but not beyond.

XRP