XRP Faces Strong Resistance at $2.10 Amid Market Weakness
XRP’s attempt at a bullish recovery was short-lived as the price failed to sustain momentum above $2.20. Following a brief spike to $2.2350, a sharp rejection sent XRP tumbling below key support levels, mirroring Bitcoin and Ethereum’s recent struggles. Currently, XRP trades under $2.10, facing resistance at this level alongside the 100-hourly Simple Moving Average (SMA).
A breakdown below a short-term contracting triangle at $2.080 added further downside pressure, leading to a fresh weekly low of $1.9832. Now consolidating, XRP must overcome key resistance zones to regain bullish momentum.
Resistance Levels That XRP Must Overcome
The $2.10 zone is the first major hurdle for XRP, aligning with the 50% Fibonacci retracement level of the latest downturn. A clear move above this level could push XRP toward $2.1750. If bulls regain control, a breakout past $2.20–$2.2350 could trigger a more substantial rally toward $2.40 and potentially $2.50.
However, failure to break above $2.10 could lead to another drop. Immediate support lies at $2.020, with $2.00 acting as a psychological and technical barrier. A breakdown below this level may drive XRP toward $1.980 and further downward to $1.950.
Technical Indicators Signal Bearish Pressure
- MACD Indicator – XRP/USD is gaining momentum in the bearish zone.
- RSI (Relative Strength Index) – Below the 50-level, indicating weak buying interest.
What’s Next for XRP?
If buyers reclaim the $2.10–$2.1750 range, a relief rally could push XRP higher. However, the current bearish structure suggests further downside risk if support at $2.00 fails to hold. With overall market sentiment cautious, XRP must break through resistance zones to sustain any recovery.
