- A drop of XRP below $1.96722 points toward a market shift that would increase bearish trends.
- The ongoing downtrend of XRP becomes apparent through changing low price points and declining high price points while $2.00 remains a crucial barrier to a price recovery.
- XRP may return to $1.65 after a price recovery fails to clear $1.97.
Ripple’s XRP has slipped into a new phase of bearish price action, registering a fresh lower low as market sentiment continues to tilt toward the downside. XRP currently trades at $1.89 but its value has decreased by 8.5% during the day and analysts predict unfavorable market conditions to persist temporarily.
XRP Slips Below Key Support Amid Bearish Pressure
On the daily chart, XRP has recently broken below the $1.96722 level, a key zone that aligns with the April 14, 2021 peak and the February 3rd, 2021 low. Previously this resistance zone functioned as a vital historical stage for the asset before its transformation into resistance. The breaking of this support area signals that market buyers are losing power and bears are taking control.
XRP showed a traditional descending trend because it could not maintain its upward movement above $2.60 and subsequently created a continual pattern of decreasing peaks and valleys. Price has demonstrated this pattern during its recent drop as it denied the former support area before moving lower.
XRP/USD data reveals an intense selling force which deflected from the $2.80 price area then triggered fast price reduction to $1.89. XRP maintains volatile price movements throughout the 24-hour period ranging from $1.65 to $2.06. The recent candlestick pattern shows intensified sell orders are taking control since bearish shapes dominate the market trend.
Outlook and Potential Scenarios
If XRP does not manage to break above $1.97 within the coming period it will most likely decline to $1.65 which marks the bottom of its current daily price range. A reversal signal would start with the asset reclaiming $2.00 and sustaining its position above this level with robust trading activity.
The negative structure persists so traders should maintain a cautious approach because they need to watch for indications of potential changes or accumulation at zone levels.
