XRP Holds $1.89 Support Level as Traders Eye 2-Year Accumulation Strategy

⬤ XRP has been sliding since July but remains inside the broader price range that's contained it throughout 2024. Trading near $1.89 USDT on MEXC perpetual futures, the token sits at a level that's historically worked as support during past market cycles. The chart shows multiple green-arrow bounces from this same zone, signaling that traders still see it as significant despite the recent weakness.

⬤ The downtrend through late 2025 hasn't pushed XRP below its established trading band yet. Previous rebounds from this support area have caught attention, and the current price action suggests the level is being tested again. While momentum looks weak in the short term, the structure of the range hasn't broken down completely.

⬤ "XRP looks finished from a trend perspective, but I'm continuing to dollar-cost average at these levels with a roughly two-year outlook," the analyst noted, viewing the current zone as technically valid for accumulation despite the lack of any confirmed reversal.

⬤ XRP's behavior matters beyond just its own price action. As one of the largest and most-watched digital assets, how it handles this support zone could influence sentiment across the broader altcoin market. Whether it stabilizes here or eventually breaks lower will likely shape expectations as overall market conditions continue to develop.