XRP falls to $1.93 after rejecting $2 as the weekly MACD tightens. Analysts are looking at support at $1.90 and a retracement at $2.05.
XRP continues to linger below $2 as support shifts
XRP lost momentum after a brief move above $2. Sellers quickly stepped in, pushing the asset lower and recouping recent gains. The previous support at $2 has turned into resistance, now capping any upside moves.
XRP is holding around USD 1.93, with USD 1.90 acting as a support level. A failure in that area could lead to additional losses. Bulls would view a steady move past $2.05 as a key recovery milestone.
Meanwhile, the MACD on the weekly chart is showing signs of compression. Histogram bars fade and the two lines move closer. This pattern often appears before a crossover. Traders see this as a signal that momentum could shift in the coming weeks. A technical analyst known as ChartNerd shared,
“$XRP could be a few weeks away from forming a bullish cross on the weekly MACD and breaking through bearish resistance.”
Historical data shows that similar crossovers have led to strong upward moves. Despite this, XRP continues to trade below the declining long-term trendline. The line has been respected for months and the price has yet to close above it. A confirmed break above this trendline would be necessary for any move towards the $2.50 zone.
Analysts warn of weak buyer support
Earlier this month, XRP hit a two-month high of $2.41. This move represented a 30% gain from the beginning of the year, but it did not last. Market analyst Dom said the increase lacked strong buyer activity.
“The order flow analysis did not show strong buyer support and rather a boost that was possible due to low liquidity,” he explained.
Since then, XRP has fallen 18% from that peak. Dom also noted that XRP has tested the $1.80 area three times, which he described as a final possible support structure. A move below this zone can lead to deeper losses. To stabilize, the value must rise and remain above $2.05.
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Other crypto assets have also been hit by growing tensions between the US and EU. After military activities involving EU countries in Greenland, the US responded with tariffs. This development has increased pressure on risky assets, including digital currencies.
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