rewrite this content using a minimum of 1200 words and keep HTML tags
XRP has moved lower again, slipping below $1.89, as weakness across the broader crypto market continues. The drop comes amid rising uncertainty ahead of global economic events, including U.S. non-farm payroll data and growing expectations of a Bank of Japan interest rate hike, both of which have pressured risk assets.
Bitcoin and other cryptocurrencies have also traded lower, adding to the selling pressure on XRP.
XRP Slips Below Short-Term Support
The drop to $1.89 shows that an important short-term support level has been lost. However, analyst Casi Trades says this alone does not confirm a full bearish breakdown.
On higher timeframes, attention remains on the $1.97 area, which is viewed as a critical level for maintaining XRP’s broader structure. As long as this level is not decisively broken on a daily close, the risk of a deeper sell-off remains contained.
Downside Levels to Watch
If XRP fails to reclaim the $2.03 level, which previously acted as macro support, selling pressure could persist. A confirmed break below $1.97 would strengthen the bearish case and could open the door to a move toward $1.64, the next major support zone.
Is a Short-Term Bounce Still Possible?
Despite the recent dip, the analyst points to slowing downside momentum and short-term bullish divergence signals. These often support brief relief rallies if overall market conditions stabilize.
For any meaningful recovery, XRP would need to move back above $2.03 and hold that level as support. A successful reclaim could allow a retest of resistance near $2.14–$2.16.
What Happens If XRP Turns Higher?
If market sentiment improves and XRP breaks above its next major resistance near $2.41, the outlook would turn more positive. In that case, price targets around $2.75 to $2.90 could come into focus.
However, the broader market environment remains fragile, and XRP’s next move might depend on macro signals and overall crypto sentiment.
Trust with CoinPedia:
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:
All opinions and insights shared represent the author’s own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored and Advertisements:
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website http://defi-daily.com and label it “DeFi Daily News” for more trending news articles like this
Source link
