The XRP price is at a make-or-break moment as it struggles to hold a critical technical level amidst broader market uncertainty. Recent commentary from cryptocurrency analysts has spotlighted the precarious position of XRP, with warnings that the cryptocurrency risks crashing to $1.9 should it fail to clear a key price level.
XRP Price Risks Falling To $1.9
In an in-depth analysis shared by analyst ‘Dom’ on X (formerly Twitter), a potential downturn for XRP looms large. The report indicates that XRP has recently approached the apex of a 100-day descending trendline, coinciding with the election Volume Weighted Average Price (VWAP) and the monthly rolling VWAP.
This convergence of technical indicators places the vehicle for XRP in a critical battle between bulls and bears. Buyers are working hard to halt further declines and initiate upward movement; however, the recent rejection at this apex denotes weakness, amplifying the risk of a downside move.
The visual representation of the analysis indicates that XRP is struggling to maintain traction above a mid-range support level, delineated by a horizontal grey box between $2.05 and $2.1. If XRP fails to breach this area, a significant downturn toward $1.9 could ensue, as identified by Dom as the next pivotal support level.
Conversely, a break above $2.12—where several VWAPs are aligned—would indicate an immediate bullish reversal and could herald the dawn of a new upward trend. Dom emphasizes the urgent need for XRP to reclaim the $2.12 mark; any failure from the bullish side leaves the cryptocurrency’s framework vulnerable, exposing it to potential declines.
As XRP currently hovers around $2.3, the analyst has predicted a key upside target. If the price surmounts its current position, an ascent toward $2.47 could be on the horizon—a level that would serve as long-term dynamic resistance.
XRP Must Break $2.3 To Reach $3
In a recent post on X, another analyst known as ‘Lord Crypto’ highlighted that XRP is demonstrating signs of potential breakout as it emerges from oversold status, coinciding with several bullish catalysts. Following weeks of consolidation around the $2.00 support zone, XRP is now challenging the resistance level at $2.30.
Technical indicators and market trends appear to be favoring bullish movements. The Stochastic Relative Strength Index (RSI) showcased on the price chart has recently turned upward from oversold levels, signaling possible renewed buying activity.
Additionally, the analyst suggested that an XRP ETF approval could act as a bullish trigger. Furthermore, he stressed the significance of Ripple’s victory over the US SEC, effectively concluding a lawsuit that has persisted for over four years.
Importantly, a consistent close above the $2.30 threshold could allow XRP to pursue higher resistance areas around $2.52 and $2.91. If achieved, this could facilitate XRP reclaiming historic peaks above the $3 mark.
