Ripple at a Crossroads : Fall or Soar ?
XRP experienced a new decline last week, plunging below the crucial support zone located between $2.50 and $2.10. This drop then led it to the $1.95-$1.92 range. Although it temporarily bounced around $1.92, a break below $1.90 on a daily close could trigger a new decline towards $1.80 – $1.79, seen as the next key support zone.
On the resistance side, XRP faces a range between $2.16 and $2.60. A decisive breakthrough above $2.16 would be the first sign of a downtrend easing. Meanwhile, the market structure remains downward on the daily chart. There are also limited rebounds but no confirmed trend reversal at the moment.
If the price falls below $1.79, it could enter a risky zone where lower levels like $1.56 or even $1.21 may come into play. Conversely, a bullish breakout of the resistance with a solid five-wave pattern could indicate an early start to recovery.
What Experts Think about the Next XRP Explosion
Analyst Casi Trades has warned that XRP is approaching a key support level of $1.90 again. According to him, this type of “rebound and final low” is common before the formation of a true low point. Although nothing is confirmed yet, XRP remains in a wider trading range between $2.13 and $1.55.
“This week is already full of tensions in global events and on the charts. Eyes on this next test. If the reaction is strong, this could be the final low before wave 3 kicks off,” the analyst said.
