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XRP Price Update: Is a Retest of $2.00 on the Horizon?

XRP is under pressure once again as it trades around $2.12, holding firmly at a key support level. 

XRP Chary (Source Coingecko)

The market sentiment remains cautious as selling pressure continues to dominate, keeping buyers on the sidelines.

Technical Overview

  • RSI (Relative Strength Index) has now dipped into oversold territory, a sign that the asset might be due for a short-term bounce or consolidation. However, this signal alone is not enough to confirm a reversal.
  • MACD (Moving Average Convergence Divergence) continues to flash bearish signals, indicating that downside momentum is still strong.

Key Support Levels to Watch

XRP is currently sitting on the $2.12 support, which has held up so far. If this level breaks, the next targets to the downside are $2.00 and $1.95. These levels could serve as potential reversal zones, but only if buying volume picks up significantly.

Conclusion

While the RSI suggests XRP is oversold, the MACD tells a different story — that bearish momentum is still in play. If sellers maintain control, a retest of $2.00 and possibly $1.95 looks likely. Traders should watch the price action closely and look for confirmation before making any decisions.

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