XRP Price at Risk of Dropping Below $2 Support Level

The price of XRP is currently at a critical juncture as it hovers near the $2 level, which has become a significant point of focus on its price chart. After a recent decline from $2.20, investors are closely monitoring whether this level can maintain its status as a pivotal support.

Despite several weeks of downward pressure, XRP closed slightly in the green last week, indicating some resilience.
The technical analysis suggests that maintaining above $2 is crucial to prevent a prolonged period of stagnation for XRP.
Should XRP fall below $2, it risks entering a lengthy phase with limited upward movement, aside from brief recoveries when temporary lows occur.
XRP's future performance is likely tied to Bitcoin's movements, particularly if Bitcoin surpasses $100,000 and its dominance decreases.
If the market experiences a recovery, XRP could revisit levels around $2.60 before attempting to reach previous highs.
A drop below $2 would flip this key support into resistance, potentially leading to extended price declines.
The current trading price of XRP is $2.02, following a 1.2% decline in the last 24 hours, risking the loss of the $2 support level.

XRP Price

XRP's trajectory will depend heavily on broader market trends, particularly Bitcoin's stabilization or further volatility.