XRP Price Struggles to Hold Crucial Support: What’s Next for Ripple Coin?

·

The XRP price has been under pressure in recent trading sessions, slipping over 1% despite a broader recovery across the cryptocurrency market. As Ripple coin hovers near a critical support zone, traders and investors are closely watching key technical levels that could determine its next major move. While short-term volatility raises concerns, long-term forecasts remain surprisingly bullish, with some experts predicting double-digit price targets.

This article explores the current state of XRP, analyzes pivotal support and resistance levels, and evaluates what lies ahead for one of the crypto market’s most watched assets.

Recent Performance: XRP Dips Amid Market Recovery

XRP has declined by more than 1% today, with a weekly drop of approximately 0.7%. Despite this, the asset has managed a modest monthly gain of around 1.6%, suggesting it is currently in a consolidation phase after recent volatility.

At the time of writing, XRP is trading near $2.18, briefly holding onto a crucial support level. Over the past 24 hours, the coin reached a high of $2.21 and dipped to a low of $2.15, reflecting tight-range movement. This narrow trading band indicates indecision in the market, with neither bulls nor bears gaining clear control.

👉 Discover how market sentiment impacts XRP’s price trajectory and what signals to watch next.

The Relative Strength Index (RSI) for XRP remains near 50, signaling neutral momentum. This suggests the asset is neither overbought nor oversold, leaving room for either a breakout or breakdown depending on upcoming catalysts. Notably, this minor retreat occurs even as the overall crypto market cap recovers, now sitting at $3.31 trillion—an increase of 0.7%. The fact that XRP is underperforming during a market upswing has sparked debate among traders about its short-term strength.

Key Support Levels in Focus

Technical analysis plays a central role in understanding XRP’s immediate outlook. Analyst CasiTrades has identified the $2.16 support level as pivotal for maintaining bullish momentum. According to her analysis, XRP recently tested resistance at $2.30 before pulling back to retest the $2.18–$2.16 consolidation zone.

Holding above $2.16 is essential. If the price stabilizes in this range, it could confirm continued bullish sentiment and open the door for further upside. CasiTrades points to “signs of seller exhaustion” and an emerging “RSI divergence” as potential indicators that the pullback may present a strategic buying opportunity.

On the upside, reclaiming the $2.25 level could pave the way for targets at $2.69 and $3.04 in the coming weeks. A sustained move beyond $2.40 would further strengthen the bullish case and potentially accelerate momentum.

However, failure to defend $2.16 could trigger a deeper correction. A breakdown below this level may lead to a retest of the $1.90 support—marking a significant shift in trend and increasing downside risk.

Long-Term Outlook: Bullish Forecasts Emerge

While short-term traders focus on immediate support zones, long-term investors are eyeing much higher targets. Analyst EGRAG CRYPTO recently shared an optimistic projection based on a classic technical pattern known as the ‘W’ bottom formation.

According to his analysis, XRP could reach $15** in a conservative scenario, **$22 in an average case, and even **$40** in an optimistic cycle peak. These projections are contingent on XRP breaking out of its current descending channel and closing above $2.40—a key confirmation signal.

👉 Explore how historical patterns and market cycles influence long-term XRP price predictions.

EGRAG CRYPTO emphasizes disciplined investing strategies, advising holders to secure profits incrementally rather than chasing maximum gains. He also stresses risk management, reminding investors that no prediction is guaranteed in the volatile crypto landscape.

What’s Next for XRP?

The path forward for Ripple coin hinges on two key factors: technical structure and market sentiment. In the short term, maintaining support at $2.16 is crucial. A successful defense could trigger a rally toward $2.69 and beyond, especially if broader market conditions remain favorable.

Conversely, a breakdown below $2.16 may spark increased selling pressure, potentially dragging XRP toward $1.90 or lower. Traders should monitor volume patterns, RSI behavior, and Bitcoin’s movement—given its influence on altcoin trends.

For long-term holders, the outlook remains constructive. The combination of Ripple’s ongoing developments in cross-border payments, growing adoption of blockchain technology in finance, and favorable technical patterns supports the potential for substantial appreciation over time.

👉 Learn how macro trends and institutional interest could drive XRP’s next major move.

Nonetheless, caution is warranted. Regulatory developments, global economic shifts, and unexpected market events can all impact XRP’s trajectory.

FAQ: Frequently Asked Questions About XRP Price Movement

Q: Why is the $2.16 level so important for XRP?
A: The $2.16 level acts as a key technical support. Holding above it suggests buyer resilience and potential continuation of the uptrend. A break below may signal bearish momentum and lead to further declines.

Q: Can XRP realistically reach $15?
A: While ambitious, a $15 target is within theoretical reach under strong bullish conditions—especially if Ripple expands its use cases, gains regulatory clarity, and benefits from a major crypto bull run.

Q: What technical pattern supports higher XRP prices?
A: Analysts point to the ‘W’ bottom pattern—a reversal formation indicating weakening selling pressure followed by increasing demand—as a basis for long-term bullish projections.

Q: How does Bitcoin’s performance affect XRP?
A: As a major market driver, Bitcoin’s trends often influence altcoins like XRP. Strong Bitcoin momentum typically lifts investor confidence across the board, aiding altcoin rallies.

Q: What should investors watch next?
A: Key levels include $2.16 (support), $2.25 (intermediate resistance), and $2.40 (bullish breakout confirmation). Additionally, watch for volume spikes and RSI shifts for early signals.

Q: Is now a good time to buy XRP?
A: It depends on risk tolerance and investment strategy. Those comfortable with volatility might see the current consolidation as an entry point, especially if targeting long-term growth.

Core Keywords:

The coming weeks will be decisive for XRP’s direction. Whether it mounts a recovery or enters a deeper correction depends on its ability to defend critical support—and on broader market dynamics that continue to evolve rapidly.