Victoria Bazir
XRP (Ripple) has reached a pivotal moment as it trades near the $2.29 mark, a key support zone that could determine its next major move. The asset is feeling the heat from recent market pressure, and all eyes are on whether this level holds firm or cracks under selling pressure.
Key Support Levels for XRP
According to trader STEPH IS CRYPTO, XRP has established several major support levels based on Fibonacci retracements.
These key zones have become critical reference points for understanding where the price might find buyers or face additional selling pressure:
- 0.236 ($2.71) – Recently broken, now acts as resistance.
- 0.382 ($2.29) – Current battleground for bulls and bears.
- 0.5 ($1.94) – Next safety net if $2.29 fails.
- 0.618–0.65 ($1.60–$1.51) – Historically strong retracement zone.
- 0.786 ($1.11) – Deep support if bearish pressure intensifies.
The chart shows XRP cooling off after its sharp rally earlier this year, with profit-taking triggering the current pullback phase.
Market Context and Investor Sentiment
Recent volatility across the crypto market has put downward pressure on XRP along with other major assets. Still, long-term holders seem relatively unfazed, particularly given XRP's ongoing role in cross-border payments and its growing institutional adoption story. The $2.29 support carries extra weight because holding it could confirm a higher low pattern, potentially setting up a recovery toward the $2.70–$3.00 range. On the flip side, losing this level would likely push XRP toward $2.00 or lower, shifting the technical picture considerably.
Testing the Bulls' Resolve
XRP is now at a make-or-break point in this market pullback. If buyers defend $2.29 successfully, the coin could regain its footing and stabilize the uptrend. But a clean break below would put deeper support levels in focus and might force a rethink of the bullish case. The next few days will be crucial for investors trying to gauge whether XRP is simply consolidating before another leg up or heading into a more prolonged correction.
Victoria Bazir
