XRP’s Descent: How Low Will It Go? 📉

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Oh, XRP, ever the tragic hero, has slipped below $1.89 once more, as the crypto market wails in unison. The broader market’s weakness continues, a veritable symphony of despair, with U.S. non-farm payrolls and the Bank of Japan’s interest rate hike looming like a storm cloud over our fragile hopes. 🌩️

Bitcoin, that paragon of stability, and other cryptos have joined the downward spiral, adding to the selling pressure on XRP. A true tale of woe, isn’t it? 😢

XRP’s Descent into the Abyss

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. How reassuring! 🤷‍♂️

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. Sigh What a relief. 🤞

The Perilous Path Below

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. Let’s all pray for a miracle. 🙏

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. If they do. 🤔

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. Let’s hope the market isn’t too busy sobbing to oblige. 😭

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. A dream, really. 💸

However, the broader market environment remains fragile, and XRP’s next move might depend on macro signals and overall crypto sentiment. Because nothing says “optimism” like a hurricane. 🌪️

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2025-12-15 21:23