Current Market Situation
XRP is currently trading near the $2 mark, but a bearish signal could indicate trouble ahead for Ripple’s cryptocurrency.
Recent Price Action
XRP has seen a slight decline of over 1% in the last 24 hours and a 4% drop over the past week. It recently touched $1.95 before rebounding slightly, forming a short‑term support range between $1.95 and $2.05.
Analyst Insights
Steph Is Crypto
Steph Is Crypto has identified a recurring pattern on XRP’s 3‑day chart. Every time the EMA ribbon flips to a bearish setup and the price remains under it, the asset has entered a long downward phase. Past declines have ranged between 27% and 66%, often lasting several months. This pattern has occurred multiple times, including in 2014, 2019, and 2022.
CRYPTOWZRD
CRYPTOWZRD noted that the latest daily candle closed slightly bearish, with the $2.1 level acting as short‑term resistance. A clear break above this level could shift momentum. If the price fails at this level, it may invite more selling.
ChartNerd
ChartNerd pointed out that XRP remains within a 13‑month trading range, from just below $2 to slightly above $3. The asset is currently near the lower boundary but has not broken below it.
Ali Martinez
Ali Martinez highlighted a TD Sequential buy signal on XRP but warned that everything hinges on holding above $1.90. If it holds, $2.50 could come into play.
Market Activity & ETF Inflows
There’s increased trading activity from large accounts, and U.S.-listed XRP spot ETFs have seen steady interest with net inflows.
Outlook
XRP is at a critical juncture. While bearish signals suggest potential declines, key support levels and continued ETF inflows could influence its trajectory.
