XRP at Risk of $2.05 Retest as Market Shows Bearish Signals
XRP has broken below the $2.07 support level amid a surge in trading volume, signaling potential further declines. The price dropped roughly 5.7% from about $2.20 to $2.10 within 24 hours, with a range of $0.13. A breakdown occurred in the final hour, followed by a secondary volume burst at 03:24 GMT pushing XRP toward the $2.00 level, reinforcing the continuation of the downside move.
Currently, the price is consolidating in the $2.10 to $2.12 zone, but downside pressure remains until XRP reclaims key support levels and momentum improves. Technical indicators emphasize a bearish trend, as XRP needs to reclaim the $2.07 to $2.11 range to regain bullish momentum. The $2.07 floor has now become immediate resistance.
If XRP fails to hold the $2.07 level, analysts highlight a clear path toward $2.05 and then the $1.90 to $1.97 demand region. Conversely, a bounce above $2.05 and a reclaim of $2.11 would signal early signs of momentum returning.
Meanwhile, spot XRP ETFs have attracted nearly $850 million in inflows since their launch in mid-November, marking one of the strongest starts for altcoin ETFs on record. Despite these inflows, broader market liquidity remains thin, and open interest on major exchanges is declining. This indicates a risk-off environment with reduced speculative participation.
