XRP News Today: XRP Faces Critical Support Test at $2.13 Amid Persistent Downtrend

XRP is currently facing significant challenges as it navigates through a persistent downtrend, with critical support levels being tested. The cryptocurrency is struggling to gain upward momentum, with bears maintaining control and preventing any sustained bullish movements. The resistance near $2.35–$2.38 has proven to be a formidable barrier, repeatedly halting any attempts by bulls to push the price higher. This resistance level is particularly important as it represents the last notable lower high, and until XRP can decisively reclaim it, the prevailing trend remains downward.

According to COINOTAG analysis, a decisive break below the $2.13 Fibonacci support could trigger further declines toward $1.95 and beyond. This support level is currently being tested for the third time, increasing the likelihood of a breakdown. If XRP fails to hold at $2.13, it could expose the next support cluster between $2.03 and $1.95. This zone is particularly important as it coincides with the Golden Pocket—a confluence of Fibonacci levels that often acts as a strong support in technical analysis. A clean break below $1.95 could open the door to deeper losses, potentially targeting the $1.55 to $1.40 range, signaling a continuation of the bearish trend and heightened downside risk.

For XRP to shift momentum in favor of the bulls, it must break above the resistance zone near $2.38 with conviction. Such a move would invalidate the current bearish structure and could trigger a wave of buying interest, potentially leading to a sustained recovery. However, without this breakout, the risk of further declines remains elevated. The immediate focus for traders and investors is the $2.13 to $1.95 support zone; holding this area could pave the way for a bounce, while failure to defend it may accelerate the downtrend toward multi-month lows. This delicate balance underscores the importance of monitoring price action closely over the coming sessions.

The pressure on XRP reflects a broader cautious sentiment within the altcoin market, where many tokens are struggling to find footing amid macroeconomic uncertainties and regulatory developments. XRP’s performance often serves as a barometer for altcoin health, given its liquidity and market capitalization. As such, its ability or inability to hold key support levels could influence investor confidence across the sector. Analysts suggest that sustained weakness in XRP might prompt risk-off behavior, while a strong rebound could reinvigorate altcoin markets more broadly.

XRP stands at a critical crossroads, with its price action dominated by a persistent downtrend and key support levels under significant pressure. The resistance near $2.38 remains a formidable barrier for bulls, while the $2.13 to $1.95 zone represents a crucial battleground for maintaining stability. Market participants should closely monitor these levels, as their outcomes will likely dictate XRP’s near-term trajectory. Maintaining vigilance and employing disciplined risk management will be essential for traders navigating this volatile environment.