XRP struggles around $2.15–$2.10; failure here risks dropping below $2.00 to $1.80–$1.70 support zones.

Bearish Descending Triangle targets $1.90; a break below $2.10 may push Ripple toward $1.07.

Holding daily closes above $2.25 is vital; surpassing $2.50 could trigger a rally toward a $3.55 high.

XRP’s price action is under scrutiny as the $1.90 level emerges as a pivotal support zone. A drop beneath this point risks activating a bearish head and shoulders pattern, potentially dragging prices down toward $1.07. Currently, XRP is holding within the $2.15-$2.10 price range, which is crucial to watch.

If XRP cannot sustain this zone, it may soon test the psychological $2.00 level. Breaking below $2.00 could accelerate a significant decline, potentially pushing the price into the $1.80-$1.70 range. The worst-case scenario might even see Ripple falling back to the dreaded $1 zone, signaling a sharp bearish trend.

Bearish Descending Triangle Signals $1.90 Target.

Technical indicators paint a cautionary picture. XRP recently completed a bearish Descending Triangle, hinting at a measured move toward $1.90. Chart analyst Gowanus Monster noted that this has evolved into a broader Descending Channel on the weekly chart, a formation that could now dictate near-term price behavior.

If XRP forms a higher low within the Descending Channel, market sentiment may shift. This suggests the downtrend is losing strength and a breakout to the upside might occur. However, a rejection from the upper boundary without support retention could accelerate a downside move towards $1.07.

A break below $2.10 could push XRP below $2.00 for the first time since April 11. On the upside, a move above $2.50 would open the door to $2.6553, while a sustained break above $3.00 could target Ripple’s record high of $3.5505. Yet this bullish path relies on strong volume, favorable legal outcomes, and progress around potential spot ETF approvals driving institutional interest.

XRP Support Levels: $2.25 and $1.90

Crypto analyst CasiTrades has drawn attention to XRP returning to the $2.25 zone as a very important level historically. This particular level has been both a resistance and support barrier right after the breakout from $0.50. She stressed the necessity of a breakout above $2.25 daily to validate the bullish pivot.

CasiTrades believes that the present backtest is a favorable entry point and there is a high probability of bulls taking up the opportunity. However, the short-term charts declare that the level might be kept, and CasiTrades warned of the fact that the higher-timeframe confirmation is key. If this level fails, $1.90 remains the next major support for Ripple, marking a critical line for market stability.

Read More: $19M XRP on Binance in 24 Hours: Bullish Momentum?

---

Filed under: Bitcoin - @ May 31, 2025 6:04 am