XRP Price Dips Under Crucial Support, Putting Spotlight on Lower Price Targets
Overview
XRP has recently experienced a decline, dropping below a key support level of $2.150. This trend is significant as it raises concerns about potential further losses and highlights critical resistance points that could influence future price movements.
Recent Price Movement
XRP price started a fresh decline, falling below the $2.150 zone and trading under $2.120. The decline was marked by a break below a bullish trend line that had support at $2.180 on the hourly chart of the XRP/USD pair. As of now, the price is struggling to regain momentum and is facing resistance near the $2.10 pivot level.
An attempt to recover above $2.150 was unsuccessful, similar to the price movements of Bitcoin and Ethereum. The XRP price has moved below the 50% Fibonacci retracement level from a previous upward movement, indicating a significant shift in market sentiment.
If XRP cannot clear the resistance at $2.10, it may continue to decline. The initial support level to watch is around $2.00, which aligns with the 61.8% Fibonacci retracement level from the upward move. Should the price fall below this level, the next major support is at approximately $1.9250. A further decline could lead to prices nearing $1.850 and eventually $1.80.
Impact on the crypto market
- XRP’s decline below critical support levels may influence trader sentiment and market dynamics.
- Resistance levels at $2.10 and $2.120 are vital for any potential recovery.
- The overall bearish trend in XRP could reflect broader market conditions impacting other cryptocurrencies.
- Support levels at $2.00 and $1.9250 are crucial for preventing further price drops.
- Technical indicators suggest a strengthening bearish momentum, which could lead to increased volatility in the XRP market.
Updated: 12/1/2025, 6:39:41 AM
