Is XRP Cracking? Holders are getting worried as the  level is in jeopardy

Is XRP Cracking? Holders are getting worried as the $2 level is in jeopardy

XRP falls 10% to $2.16 as on-chain data shows rising fear. Support at USD 1.91 and USD 1.73 could be crucial if the price continues to decline.

XRP is under pressure after a weekly decline of 12% that has dropped its value below $2.15. Statistics in the chain are showing signs of stress, with key support levels now in focus.

The sentiment slides into fear

Long-term XRP holders are showing early signs of concern. Data from the Net Unrealized Profit/Loss (NUPL) metric shows a shift from euphoria to denial, now turning to fear. Analyst Ali Martinez said,

“Fear is creeping in as $XRP flirts with a dip below $2.”

The change in sentiment comes at a time when many holders are seeing their profits eroded. If the decline continues, the next stage on the NUPL curve is fear, followed by capitulation.

Source: Ali Martinez/X

Recent data shows that almost half of XRP supply is now loss-making. This points to a market where late buyers are increasingly under pressure. The token has also fallen into the oversold range, increasing its short-term risk.

In the event of a further decline, the on-chain positioning shows two main levels below $2.15. Around $1.91, approximately 1.9 billion XRP was last moved. At $1.73, approximately 1.8 billion tokens changed hands. These price points represent areas where many holders were first entering the market.

They can act as support if the price continues to fall, as traders may be unwilling to sell below their cost price. However, a move below $1.73 would put XRP in a zone of less support, opening the door to more downside.

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Mixed technical views

CryptoWZRD noted XRP closed bullish on the daily chart. The analyst said a jump above $2.28 could trigger a move towards $2.41. If the price does not hold, the chart may enter sideways action.

EGRAG CRYPTO be to a bullish divergence on the 3-day chart, saying:

“If it occurs… it could become your exit plan and the rest of the market will likely follow.”

The divergence shows early strength, but needs to be confirmed before any real movement can occur.

Repeat pattern remains active

ChartNerd described a pattern that has repeated itself several times in the structure of XRP. The setup includes five downward waves, a test of falling resistance, and a price that supports $2.15.

Each time this pattern formed, XRP broke resistance and moved higher. The current structure shows that the same conditions are developing. If support holds and resistance breaks again, the asset could target the $3 area. The pattern remains valid as long as XRP remains above $2.15.

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