- XRP’s price is under pressure, with key support at $1.98; a drop below this could lead to further declines. However, if it holds, a potential rebound toward $2.10 or even $2.40 could occur in the coming week.
XRP has recently experienced a notable 7.97% drop, with the price now hovering around $2.04. As we approach the next week, all eyes will be on XRP’s ability to recover or whether its downward trajectory will continue. Key support levels are under pressure, and traders will need to monitor for signs of stabilization or further volatility.
Immediate Short-Term Outlook (Next 2–3 Days)
In the immediate term, XRP faces a potential bearish outlook if it fails to maintain crucial support at $1.98. A breakdown below this level could lead to a further pullback, possibly toward the $1.90–$1.95 range. Should the price dip below $1.90, XRP could test the $1.80 mark, amplifying downward pressure.
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On the flip side, if $1.98 holds as support, there is potential for a rebound. A successful push back above this level could lead XRP to target the $2.05–$2.10 range, with a potential breakout above $2.10 opening the door for a retest of $2.20.
Medium-Term Projection (Next 7 Days)
Looking at the next week, XRP’s price action will largely depend on whether it holds above key support. If the price dips below $1.98, the bearish head-and-shoulders pattern seen on the daily chart could drive XRP toward the $1.80 level. In a worst-case scenario, further declines could see prices as low as $1.50, especially if market sentiment weakens.
However, if bullish momentum reemerges, XRP could break through the $2.20 level, with $2.40 potentially within reach. This rally would hinge on broader market conditions and investor confidence.
Key Drivers to Watch
XRP’s price will be highly influenced by broader market trends, particularly movements in Bitcoin and Ethereum. Additionally, macroeconomic factors, including global economic policies and investor sentiment, could drive increased volatility. Positive institutional involvement in XRP’s adoption would also be a major catalyst, sparking renewed demand.
The upcoming week will be crucial for XRP as it navigates critical price levels. Traders should remain vigilant as the market’s sentiment, along with key support and resistance points, could determine whether XRP can bounce back or face further declines.
