$XRP dropped sharply to $1.88, breaking the psychological $2.00 support during Monday’s market-wide correction. Price is now testing the critical $1.85–$1.90 support, a zone that has held after every major pullback since the November 2024 breakout.
🔻 What’s Happening
XRP lost the $2.00 level and fell out of its month-long $2.00–$2.25 range
Printed a multi-week low at $1.88
Currently hovering around $1.93
⚠️ Bearish Risk Scenario
Ali Martinez: XRP fell below its 1-year range ($1.92–$3.27)
Needs a daily close above $1.92 or risk a 50% drop toward $1.00
Cheds Trading:
Warns of a high-timeframe breakdown
Possible rounding top / double top (M pattern)
A confirmed break below $1.88 could send XRP toward MA200 / ~$1.00
🟢 Bullish Case Still Alive
Trader Niels:
XRP is sweeping the $1.80 liquidity zone
Showing bullish divergence on daily
Break above $2.20 could trigger a 27–37% move toward $2.80–$3.00 within a month
ChartNerd:
Price action mirrors 2023–2024 accumulation
Expects a major markup phase between now and late 2026, similar to Nov 2024
📌 Key Levels to Watch
Support: $1.90 → $1.85 → $1.80
Invalidation / Breakdown: Daily close < $1.88
Bull Confirmation: Daily close > $1.92, strength above $2.20
Upside Targets: $2.20 → $2.80 → $3.00
Downside Risk: $1.50 → $1.00
TL;DR:
XRP is at a critical decision zone. Hold $1.85–$1.90 and reclaim $1.92+ → recovery setup. Lose $1.88 → high probability of a deeper macro pullback.
