XRP News Today: XRP Faces Critical Test at $2.13 Support Level

XRP, the cryptocurrency developed by Ripple Labs, is currently facing a critical test as it trades within a tight band, with bears maintaining firm control over its price direction. The digital asset is under significant pressure as it tests a key support zone, raising concerns about a potential breakdown. This support zone, if breached, could signal another leg down for XRP, further exacerbating its downtrend.

The ongoing downtrend, originating from the $2.65 peak, remains in full force—while current price action struggles to show any signs of a sustained reversal. XRP’s structure stays clearly bearish. Since topping out at $2.65, every breakout has fizzled into nothing more than a correction. The zone between $2.35 and $2.38 continues to act as a liquidity trap—and it also marks the last significant lower high. According to the report for bulls, regaining this level would signal a shift. But until then, the trend remains firmly pointed downward.

XRP now tests the 0.5 Fibonacci level at $2.13 for the third time. Repeated attempts increase the odds of a breakdown. If $2.13 gives way, the next key zone lies between $2.03 and $1.95, where both horizontal support and the Golden Pocket converge. A clean break below $1.95 would open the door to deeper losses—possibly toward the $1.55–$1.40 target cluster.

For bullish momentum to return, XRP needs to impulsively break above $2.38. Without that shift, the structure stays damaged and the risk of new lows grows. This week’s focus falls squarely on the $2.13–$1.95 zone. If that level holds, a fresh bounce could emerge. But if it fails, bears may press the advantage toward multi-month lows.

The market sentiment surrounding XRP is bearish, with analysts and traders alike expressing concerns about the cryptocurrency's ability to hold its key support levels. The downtrend has been a persistent feature of XRP's price action, and the recent price movements suggest that the bears are in no mood to let up. The key support zone, which has been a critical level for XRP, is now under intense scrutiny, and a breakdown below this level could lead to a further decline.