XRP has continued its downward slide, dropping toward the crucial $2.00 level as bearish pressure builds. The asset is now trading around $2.17 after failing to break above a persistent descending trendline.
This trendline has consistently acted as a barrier, halting every bullish attempt over the past several months. Whenever prices attempt to rise above $70, it leads to a selloff and a different attitude from the market. Sellers have kept their grip, stopping the price from climbing into the $2.30–$2.35 range.
Currently, XRP is settled at $2.15–$2.10, and this zone is being regarded as a final defense. As buying interest and trading limits become narrower, it signals more uncertainty, which could result in a breakdown. If the price moves lower, the next significant level will be around $2.00.
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Technical Indicators Signal Growing Downside Risk
Market indicators have started to confirm the growing weakness in XRP’s structure. The Relative Strength Index has dropped below 40, showing a loss of momentum and growing bearish sentiment among traders.
The Exponential Moving Averages at 100 days and 200 days have turned into areas of resistance, impeding the bulls’ efforts to start a reversal. This shift has turned short-term rallies into selling opportunities, adding more pressure to the price.
Source: Tradingview
If the price reaches $2.00 or lower, the cryptocurrency might move toward the $1.80–1.70 range. If bearish momentum strengthens, XRP might drop back to the $1.00 area, representing a significant loss for investors.
Descending triangles on charts commonly precede steep declines after the bottom line breaks. Should buying interest not return, the situation may develop in that way.
The price of XRP is close to breaking through the $2.00 barrier. If the situation does not improve soon, we could see another drop in the market.
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