XRP Price Struggles Near $2.0—Breakout Blocked or Pullback Ahead?

XRP Navigates Critical Juncture Below $2.00: A Deeper Dive into Price Dynamics

XRP, the prominent digital asset, is currently contending with significant bearish pressure, having initiated a renewed downtrend below the crucial $2.00 threshold. This latest price action places XRP at a pivotal point, with market participants closely monitoring its ability to reclaim key resistance levels or face further depreciation.

Recent market data indicates a struggle for XRP, as it encounters formidable resistance around the $2.020 mark. This level has emerged as a key battleground between bullish recovery efforts and persistent selling pressure.

XRP’s price has fallen below the psychological $2.00 zone, signaling a notable shift in short-term momentum.
The asset is now trading beneath both the $2.00 level and its 100-hourly Simple Moving Average, reinforcing a bearish technical outlook.
A distinct bearish trend line has established itself on the hourly chart, with resistance firmly positioned at $2.020 (data sourced from Kraken for the XRP/USD pair).
Should XRP fail to stabilize and settle below $1.950, a continued downward trajectory appears increasingly probable.

Persistent Bearish Pressure Halts Recovery Attempts

Following a failed attempt to initiate a recovery wave above $2.120—a move that diverged from the upward momentum observed in Bitcoin and Ethereum—XRP’s price began a fresh decline. This downturn saw it breach successive support levels, including $2.050 and $2.020, before eventually falling below the significant $2.00 mark.

A recent low was established at $1.9525, prompting a modest upside correction. This rebound saw XRP move above the 50% Fibonacci retracement level, calculated from the downward swing high of $2.047 to the low of $1.952.

However, the presence of sellers remains pronounced, particularly around the $2.00 and $2.020 levels. The aforementioned bearish trend line at $2.020 continues to act as a significant impediment to upward movement. Furthermore, XRP’s sustained trading below the 100-hourly Simple Moving Average underscores the prevailing bearish sentiment in the immediate term.

Key Resistance Levels for XRP Price

For XRP to reverse its current trajectory, it must overcome a series of well-defined resistance levels. A sustained breach above these zones is critical for any meaningful bullish resurgence:

**Initial Resistance:** The $2.00 level represents the immediate psychological and technical hurdle.
**Primary Resistance:** The first major resistance point is situated near $2.020. This level is particularly significant as it aligns with both the bearish trend line and the 61.8% Fibonacci retracement level of the recent downward move from $2.047 to $1.952.
**Subsequent Hurdles:** A decisive close above $2.020 could pave the way for a test of $2.050, followed by $2.080.
**Major Breakout Target:** A clear and sustained move beyond the $2.120 resistance could signal a stronger recovery, potentially propelling XRP towards $2.150 and subsequently $2.20.
**Longer-Term Bullish Target:** The next major challenge for bullish participants would reside near the $2.250 mark.