Karla Barker 
XRP struggles to hold key support levels
XRP has extended its recent losses, dropping below the $1.95 level after failing to maintain support above $2.05. The cryptocurrency is now consolidating in what appears to be a short-term bearish zone, with the price action mirroring broader market weakness seen in Bitcoin and Ethereum.
The decline pushed XRP as low as $1.8681 at one point, though there was a minor recovery attempt that brought it back above $1.90. That recovery, however, seems limited. It tested the 23.6% Fibonacci retracement level from the recent high of $2.028 to the low of $1.8681, but couldn’t sustain momentum against persistent selling pressure.
Technical indicators point to continued weakness
Right now, XRP trades below $1.920 and, perhaps more importantly, below the 100-hour simple moving average. That’s not a great sign for short-term bulls. The hourly MACD shows bearish momentum actually increasing, while the RSI sits below the 50 level, suggesting sellers have the upper hand.
If we see another attempt to move higher, I think resistance around $1.95 will be significant. That level coincides with the 50% Fibonacci retracement from the recent decline. Beyond that, $2.00 represents a major psychological and technical barrier, with a trend line adding to the resistance there.
Potential price scenarios ahead
A clean break above $2.00 could change the narrative, potentially opening the door to $2.05 and then $2.10. But honestly, that seems like a stretch given current market conditions. The path of least resistance appears to be lower, at least for now.
On the downside, initial support sits around $1.88, followed by more substantial support at $1.85. If that $1.85 level breaks with conviction, we might see XRP test $1.82, then $1.80, and possibly even $1.7650. Those are levels worth watching if the bearish momentum continues.
What strikes me is how quickly sentiment has shifted. Just recently, there was talk of XRP challenging higher levels, but the failure to hold above $2.05 seems to have triggered this current phase. It’s a reminder of how volatile these markets can be, and how technical levels that seem solid one day can break the next.
The major support and resistance levels are fairly clear at this point: $1.88 and $1.85 on the downside, $1.95 and $2.00 on the upside. Which direction XRP breaks from this consolidation will likely determine the next significant move. For traders, those are the zones to watch closely in the coming sessions.