Ripple (XRP) Price Prediction: Bulls Struggle as Key Support Levels Face Testing

XRP is currently trading around the $1.90 mark and is losing momentum on the lower timeframes. As we highlighted in our previous analysis, the price gained strength on the daily charts earlier this month following a bullish divergence on the daily RSI and successfully broke above the $2.00 resistance level. This move added fuel to the rally as the bulls pushed the price toward the $2.40 resistance zone. However, the market faced a sharp rejection at this level which triggered a sell-off and pushed the price back below $2.00 once again. Right now, the bears seem to be in control of the price and we can expect XRP to test further levels below as we take a quick look at the latest charts to see where the market could be headed in the coming days.

Our XRP Price Prediction Summary

• XRP has lost its hold on the $2.00 level and must reclaim it to shift the current momentum back in favor of the bulls.
• The $1.80 mark is now the most critical support zone and a break below this level could trigger a much larger sell-off.
• The active bearish divergence on the weekly timeframe suggests that the long-term trend remains downward despite short-term fluctuations.

Analyzing the Charts

Resistance Rejection and Market Correlation

If we look at the latest 1-day charts for XRP, the first thing we notice is that the price did gain momentum following the bullish divergence on the daily RSI but faced a strong rejection at the $2.40 resistance zone. The sell-off after this rejection was also fueled by Bitcoin losing its crucial support level at $92,000, which resulted in altcoins bleeding across the board. Right now, the price is trading below the $2.00 level that it previously flipped, and the broader trend is also pointing toward the downside.

Key Support and Resistance Levels

Now that $2.00 has flipped into resistance once again, this is the level the bulls need to reclaim in order to push back against the current downtrend. On the other hand, the support they will need to hold is the $1.80 mark which is a crucial level that has been defended strongly in the past. The focus for the bulls should be on holding this level because it is a critical support and a break below it will likely invite a heavy sell-off that continues the overall downtrend XRP has been following for months.

Macro Outlook and Bearish Signals

Lastly, if we switch to the 1-week timeframe for XRP, the broader picture remains the same as before. We still have a bearish divergence on this timeframe that has been active for months and has not yet been invalidated. Now that we are seeing short term momentum also losing strength and leaning toward the bearish side, the divergence remains in play. The combination of both the micro and macro outlook is the reason why our current XRP price prediction continues to lean toward the bearish side.

Final Takeaway: What is Next for XRP?

The recent price action for XRP suggests that the bears have regained control of the market after a failed attempt to sustain the rally. The rejection at the $2.40 level and the subsequent drop below $2.00 indicate that the bulls are struggling to find solid ground amidst broader market weakness. With Bitcoin also losing key support, the focus now shifts to the $1.80 zone which must hold to prevent a more significant decline. Given that the weekly bearish divergence remains active, the overall outlook remains cautious as we wait to see if XRP can establish a reliable floor in the coming days.