The post Can $2 Hold or Is More Downside Coming? appeared on BitcoinEthereumNews.com.

XRP Price Analysis: Testing the $2.00 Lifeline XRP is currently trading at $2.15, showing signs of a potential rebound after dipping dangerously close to the critical $2.00 support zone. The chart shows that this level has been tested three times in the past two weeks, with each dip forming a bullish reversal pattern. This consistent bounce indicates strong buying interest near $2.00, making it a key area to watch. XRP/USD 2-hours chart – TradingView On the 2-hour chart, we notice XRP forming a triple bottom pattern around the $2.10–$2.00 range. These types of formations often signal trend reversal zones, especially when accompanied by oversold indicators—which is what we see in the Relative Strength Index (RSI). Currently, the RSI is recovering from below 30, with the recent reading around 34.65, indicating that bullish momentum is attempting to build from oversold conditions. 200 EMA and Resistance Zones to Watch The 200 EMA (currently around $2.24) is acting as a major dynamic resistance. XRP has failed to sustain above this level on its last few attempts, making it a crucial pivot. If XRP bulls manage to push through the 200 EMA, the next immediate resistance stands at $2.25, followed by a psychological barrier at $2.30. However, failure to break above the EMA and a sustained rejection near this zone could push XRP back toward the $2.00 level, retesting the support. XRP Price Prediction: What’s Next? If the $2.00 support continues to hold, XRP could rebound toward $2.24–$2.30 in the short term, offering a potential upside of 7–10%. A clean breakout above the 200 EMA would open the door for a bullish continuation pattern and possibly a retest of the previous highs above $2.35. XRP/USD 2-hours chart – TradingView However, if $2.00 breaks decisively, expect increased bearish pressure, with possible downside targets near $1.85–$1.78,…

---

Filed under: News - @ June 13, 2025 4:25 pm