By [Author’s Name] | April 18, 2025 | Crypto Market Analysis
XRP is experiencing fresh downward momentum, breaking below key support levels, with analysts closely watching the price action as it consolidates near the $2.00 zone. The broader market downturn, coupled with a series of lower highs and lows, has placed XRP at risk of further losses unless it can reclaim critical levels.
XRP Price Declines Below $2.120, Bears Eye $2 Support
The XRP price recently began a fresh decline, falling below the $2.150 zone and entering a bearish market structure. The price is currently trading below $2.120 and the 100-hour Simple Moving Average, indicating weak momentum in the short term.
Currently, the price is consolidating above the $2.00 level, but continued pressure from the bears could trigger further losses. A close below the $2.00 support zone would likely open the door for even more downside, with traders eyeing key support levels that could act as potential buy zones.
Bearish Trend Line and Resistance at $2.10
On the hourly chart of the XRP/USD pair, a bearish trend line is forming, with resistance positioned near the $2.10 level. This trend line adds another layer of pressure for XRP, as it may face difficulty breaking back above this resistance. Any move to the upside will likely face resistance near $2.10, which is also in line with the 50% Fibonacci retracement level of the downward move from the $2.184 swing high to the $2.036 low.
Given the current trend, XRP may continue to struggle as long as it remains below $2.10, and further downside movement appears likely unless there is a significant rally to clear this level.
Potential for Further Losses Below $2.00
If XRP fails to reclaim the $2.10 zone and suffers a breakdown below the $2.00 support, it could lead to a deeper correction in the short term. Traders will be looking for signs of a reversal or further consolidation, as a drop below $2.00 could bring the next support levels into focus.
Market Sentiment and Broader Trends
The XRP price action aligns with broader market trends, as Bitcoin and Ethereum have also faced pressure in recent days, reflecting investor caution amid ongoing inflation concerns and market volatility. While XRP continues to hold above $2.00 for now, the bearish momentum in the market is evident, and further price fluctuations are expected as traders react to changing conditions.
As XRP consolidates below the $2.10 resistance, investors will be monitoring price movements closely for any signs of a reversal or additional weakness. The next few days could be crucial in determining whether XRP can regain strength or if it faces further declines toward lower support levels.
