XRP Faces Critical Test as Downtrend Pressures Key Support Zone
According to Mikrovision report XRP continues to trade within a tight band, with bears keeping firm control over price direction.
The ongoing downtrend, originating from the $2.65 peak, remains in full force—while current price action struggles to show any signs of a sustained reversal.
Downtrend Dominates as Lower Highs Persist
XRP’s structure stays clearly bearish. Since topping out at $2.65, every breakout has fizzled into nothing more than a correction. The zone between $2.35 and $2.38 continues to act as a liquidity trap—and it also marks the last significant lower high.
According to the report for bulls, regaining this level would signal a shift. But until then, the trend remains firmly pointed downward.
All Eyes on Support Around $2.13 and Below
XRP now tests the 0.5 Fibonacci level at $2.13 for the third time. Repeated attempts increase the odds of a breakdown. If $2.13 gives way, the next key zone lies between $2.03 and $1.95, where both horizontal support and the Golden Pocket converge.
A clean break below $1.95 would open the door to deeper losses—possibly toward the $1.55–$1.40 target cluster.
What Must Happen for a Rebound
For bullish momentum to return, XRP needs to impulsively break above $2.38. Without that shift, the structure stays damaged and the risk of new lows grows.
This week’s focus falls squarely on the $2.13–$1.95 zone. If that level holds, a fresh bounce could emerge. But if it fails, bears may press the advantage toward multi-month lows.
Kosta Gushterov
Reporter at Coindoo
Kosta joined the team in 2021 and quickly established himself with his thirst for knowledge, incredible dedication, and analytical thinking. He not only covers a wide range of current topics, but also writes excellent reviews, PR articles, and educational materials. His articles are also quoted by other news agencies.
