LONDON (IT BOLTWISE) – XRP has lost critical support at $2, putting focus on the narrow $1.76 to $1.80 range. This zone could either serve as a springboard for a recovery or mark the start of a deeper decline. The market is under pressure and XRP’s next moves will be crucial.
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The cryptocurrency market is under renewed pressure as XRP broke the key support at $2. This development draws attention to the critical zone between $1.76 and $1.80, which now serves as the last line of defense. The current price of XRP is around $1.92, which represents one of the most tense positions in months.
XRP price prediction remains bearish below $2.06. The downtrend has developed in a clear descending channel that has dominated price movements since August. Any recovery attempt has been rejected at the downward sloping trendline, reinforcing the lower high structure and increasing price compression. The recent failure to reclaim the 20-day EMA after breaking through $2.06 highlights the continued dominance of sellers.
The candlestick analysis shows the first stress points. Across multiple sessions, XRP has printed long lower wicks and visibly smaller real bodies, suggesting that selling pressure is easing as price approaches long-term demand territory. Indicators reflect this shift: the RSI at 30 indicates an oversold condition, and the flattening slope suggests a possible early divergence if buyers intervene.
The $1.76-$1.80 region has technical weight for three reasons: it served as a pivot base during previous multi-week consolidations, it is consistent with historical accumulation areas visible in the 2024 trading ranges, and it forms the lower boundary of the current descending formation. If buyers stabilize the price above this band, XRP could form a higher low – the first constructive signal since September.
A sustained recovery requires clear evidence of buyer commitment. The most reliable indicators in this structure include a bullish reversal candlestick pattern within the support band, a reclaim and daily close above $2.06, and a break above the descending trend line and the 20-day EMA. For new traders, a simple setup follows a classic reversal model: enter on a confirmed bullish hammer or reversal candle above $1.80, place stops below the $1.76 level, and scale targets toward $2.21, $2.57, and $3.12.
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